Todd River will emerge with ownership of TNG's Manbarrum zinc project in the NT.

TNG spin-out raises $6m

TNG spin-out Todd River Resources has raised $6 million from its initial public offering ahead of its ASX debut, which could occur before the end of the month.

Todd River raised the funds through the issue of 30 million shares at 20 cents each, with the IPO managed by Sanlam Private Wealth.

Todd River will take ownership of TNG’s non-core assets, including 12 exploration projects in the Northern Territory that comprise the Manbarrum zinc project.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

BNIQ sponsored byLPC cresa


Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
114thTalga Resources122%22%
211thAustralian Potash51%1%
734thCapital Mining-50%-63%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Issued
$5k Bought
Total value as at the date of the transaction
Source: Morningstar


143rd↑Capital Mining$550k
146th↑Talga Resources$465k
147th↑Australian Potash$443k
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from TNG

95thPaul Burton$818k
688thScott Rauschenberger$204k
563rdRex Turkington$177k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer