Tivan Limited (ASX:TVN) Achieves Major Project Status for Speewah Fluorite Project
Major Project Status Awarded
The Speewah Fluorite Project, operated by Tivan Limited (ASX: TVN), has been awarded Major Project Status by the Australian Government. This recognition signifies the project’s national importance and alignment with the government’s Critical Minerals Strategy and National Battery Strategy.
Project Development and Partnerships
Tivan is advancing its plans for mining and processing operations at Speewah, focusing on producing acid-grade fluorspar in partnership with Sumitomo Corporation, a leading Japanese trading house. The Australian Government recently added fluorine to its Critical Minerals List, underscoring the project’s relevance as a source for the semiconductor industry and electric vehicle batteries.
Earlier this month, Tivan announced a $7.4 million cash grant to support feasibility studies for the Project under the International Partnerships in Critical Minerals Program. The three-year Major Project Status confirms the project’s contribution to economic growth, innovation, and employment in regional Australia.
Executive Comments
Mr Grant Wilson, Executive Chairman of Tivan, expressed enthusiasm for the award, stating, “Tivan is delighted that the Speewah Fluorite Project has been awarded Major Project Status by the Australian Government. This is timely recognition of the strategic significance of our Project and its strong alignment with the Critical Minerals Strategy and the National Battery Strategy.” He noted that this designation would enhance Tivan’s profile, particularly in Asia, and generate economic and social benefits for the Kimberley region.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.