Short Term Trading Week Starting: 19th Mar, page-201

TNO

22 March 2018
TANDO TO ACQUIRE HIGH GRADE VANADIUM PROJECT

 Tando has entered into a Binding Heads of Agreement to acquire the SPD
Vanadium Project via staged all-scrip payments.
 The SPD Vanadium Project is a globally significant, high grade vanadium
deposit located in a known vanadium producing region.
 Vanadium drill intersections: >1% V2O5 with mineralised units averaging
23m in thickness.
 Grade profile is one of the highest of all ASX listed vanadium projects with
grade in concentrate averaging 2% V2O5 and 13% TiO2.
 Historic drilling has delineated a resource > 500Mt under the SAMREC Code
(a “foreign resource” as defined in the ASX Listing Rules)
 Capital raising of $2M at $0.40 completed to rapidly advance the SPD
Vanadium Project.