TNG Limited
(ASX:TNG) says it will be deferring the demerger of its base metals assets in the Northern Territory due to weak market conditions.
The spin-out of the assets via shares in wholly-owned subsidiary Todd River Resources was approved by shareholders back in May.
However the lack of investor interest in exploration companies means the directors believe the best bet is to leave the assets within TNG and waiting for conditions to improve.
TNG Limited reported a net loss of $5.02 million for the 2015 financial year.
