TNG strengthens board with new director appointment ahead of Mount Peake development

TNG ASX new director appointment Mount Peake development Elizabeth Henson
TNG has appointed UK-based director Elizabeth Henson to its board ahead of plans to list on the London Stock Exchange.

Australian resource and mineral processing technology junior TNG (ASX: TNG) has strengthened its board with the appointment of London-based company director Elizabeth Henson.

Ms Henson brings more than 35 years of international experience in corporate governance, business and tax-related matters to TNG.

She was a senior tax partner at PricewaterhouseCoopers (PwC) in London from 2007 to 2019, during which time she founded the firm’s international wealth division which gives tax structuring advice to ultra-high net worth families and entrepreneurs with activities and assets in multiple jurisdictions and sectors.

While at PwC, Ms Henson was considered an expert in her field and regularly lectured internationally on relevant topical tax issues.

Qualifications

Ms Henson has a Master of Laws (LLM) degree from University of London; and a Bachelor of Law (LLB) and Bachelor of Arts (BA) degree from Rhodes University in South Africa.

She is currently a non-executive director of ASX and AIM-listed company Future Metals (ASX: FME) and AIM-listed Alba Mineral Resources Plc.

Her wide business circle in the United Kingdom is expected to be of considerable value to TNG’s plans to list on the London Stock Exchange in the future as part of its financing strategy for development of the Mount Peake vanadium-titanium-iron project in the Northern Territory.

Board strategy

Ms Henson said her appointment is consistent with TNG’s strategy of ensuring the board has a mix of skills, experience and diversity as it moves towards a final investment decision by year end.

“I believe TNG has the right team in place to become a global critical minerals company [and] I look forward to working with the board and contributing to the development of Mount Peake,” she said.

Project funding

Last week, TNG announced it had secured $143,000 in co-funding for exploration at Mount Peake under the NT’s geophysics and drilling collaboration program.

The company is planning to drill for samples from the feeder zone and lower sections of the composite Mount Peake gabbro intrusive to determine the potential for nickel-copper, chromium and platinum group elements (PGE) mineralisation below the existing resource.

TNG has also received project funding from Export Finance Australia, German export credit agency Euler Hermes and a host of domestic and international investment banks.

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