TNG Limited appoints Rex Turkington as a non-executive director
TNG Limited (ASX: TNG) has appointed experienced corporate adviser and finance industry executive Rex Turkington as a non-executive director to support the company's future development and strategic plans.
The appointment will bolster TNG's board as it moves towards feasibility and development of its Mount Peake Iron-Vanadium Project in the Northern Territory.
Turkington has worked extensively in the financial services and stockbroking industry in Australia, specialising in the exploration and mining sectors.
He is currently a director of an Australian corporate advisory company, offering corporate finance and investor relations advice to listed companies, and is an associate of the Securities Institute of Australia.
On November 24 TNG received an increased price target of A0.45 per share from UK broker Old Park Lane Capital after the company's interim PFS on the Mount Peake Iron-Vanadium Project pointed to life of mine revenues of A$10 billion.
The target price is over four times TNG's current value of $0.086 per share.
Related news
- London Mining remains on track to hit 2012 production target at Marampa
- Ceres Power Holdings reports significant improvements of its fuel cell products
- Oxford Catalysts Group shares advance as it announces first start-up of FT reactor
- Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project
- Orogen Gold begins Phase 1 drilling programme at Deli Jovan
- Magnolia Petroleum on track to hit 100 wells target by end-2012
- Mwana Africa sells 15pct stake in Freda Rebecca gold mine for $405k - UPDATE
