Tivan secures land access agreement and begins drilling at Aileron lead-silver target

About Tivan Limited

Tivan Limited (ASX: TVN) is a diversified critical minerals company based in Darwin, focusing on the development of vanadium and fluorite projects in Australia. Following a change of control in Q4 2022, Tivan has embraced a strategy of diversification, creating value through acquisitions and organic growth. The company owns the Speewah Vanadium Project in Western Australia and the Mount Peake Project in the Northern Territory, as well as the Speewah Fluorite Project. Tivan is committed to contributing to the energy transition, aiming to generate long-term value for shareholders by tapping into critical minerals vital for next-generation battery technologies.

Growth Opportunities through Strategic Acquisitions and Exploration

Tivan’s growth opportunities are anchored in its strategic acquisitions and organic growth. In particular, the company’s recent acquisition of the Sandover Fluorite Project positions it strongly within the Northern Arunta Pegmatite Province, an area known for its mineral-rich geology. This acquisition complements Tivan’s existing vanadium assets, offering substantial potential to benefit from the increasing demand for critical minerals like fluorite and vanadium. Fluorite, in particular, is crucial in the production of hydrogen fuel cells, solar panels, and other clean energy technologies.

Tivan’s key projects include the Speewah Vanadium Project in Western Australia and the Mount Peake Project in the Northern Territory. The Sandover AI Project, located about 100km north of Alice Springs, is another strategic asset, with significant lead-silver targets identified at its Aileron prospect. The company has made significant strides in exploration, identifying high-grade lead mineralisation of up to 23.8% Pb and silver mineralisation of up to 469 g/t Ag. This opens considerable opportunities for polymetallic mineral deposits in the region, with further exploration drilling underway.

Furthermore, Tivan’s collaboration with EARTH AI, its exploration alliance partner, has resulted in successful target identification and field validation. This partnership supports the company’s ongoing drilling programs, as demonstrated by the commencement of a maiden diamond drilling program at the high-grade lead-silver target at Aileron, marking a significant milestone for the company. This ongoing exploration and project development offer substantial growth potential as Tivan seeks to unlock value from these critical mineral assets.

Diversified Strategy for Long-Term Value Creation

Tivan’s diversified approach is not only focused on the extraction and sale of critical minerals but also on creating long-term value for shareholders. The company has embraced a strategy that combines resource extraction, value-added downstream opportunities, and regional development. Tivan is actively pursuing both ‘dig and ship’ operations and efforts to build sovereign capability through local value-added processes, which can potentially deliver higher margins compared to traditional mining operations.

The company’s strong focus on downstream opportunities also positions it favourably within Australia’s broader minerals supply chain. Tivan’s commitment to the local community and working closely with regional stakeholders underscores the importance of creating sustainable, long-term benefits for all parties involved. This includes collaborations with the Northern Territory Government to develop a Regional Logistics Hub near the Sandover and Plenty Highways. This hub is expected to improve operational efficiencies, enhance supply chain capabilities, and reduce haulage costs for the Sandover AI and Fluorite Projects.

Financial Performance and Strategic Partnerships

Tivan’s financial performance has been bolstered by a mix of strategic partnerships and government grants. The company has successfully secured regulatory approvals from the Northern Territory Government and the Central Land Council, which represent the traditional landowners and native title holders of the area. These approvals have paved the way for further exploration and development of the Sandover AI and Fluorite Projects, ensuring that Tivan’s projects remain compliant with local regulations.

Additionally, Tivan has received NT Government grants to co-fund a diamond drilling program and a geophysics survey at the Aileron prospect. These grants, totalling $129,000, underline the government’s support for the development of critical minerals in the region and enhance Tivan’s financial position to execute exploration activities efficiently. This financial backing, coupled with a strong exploration pipeline, provides Tivan with a solid foundation for growth and positions the company to continue expanding its portfolio.

The company’s commitment to securing Federal funding for the Regional Logistics Hub is another example of how Tivan is leveraging partnerships and government support to enhance its infrastructure, increase supply chain reliability, and improve its overall cost structure. These strategic initiatives not only support Tivan’s current projects but also lay the groundwork for future expansion and growth.