Tivan Limited (ASX:TVN) Advances Sandover Fluorite Project
Project Advancement
Tivan Limited (ASX:TVN) has progressed the Sandover Fluorite Project in the Northern Territory by developing a comprehensive exploration and approvals program. The company plans to commence drilling in Q4 2025, following the completion of its Speewah Fluorite Project drill campaign in the East Kimberley.
Financial Update
To support the Sandover program, Tivan has successfully completed a capital raise to fund expected project expenses for the 2025 calendar year.
Exploration and Assays
The exploration program includes resource definition and project facilitation workstreams, aiming for a Scoping Study in Q2 2026. Preliminary surface sampling returned ultra high-grade fluorite grades up to 94% CaF₂, indicating a world-class deposit with favourable mineralogy for acid-grade fluorspar production.
Executive Comments
Executive Chairman Grant Wilson stated, “The Sandover Fluorite Project is one of Tivan’s most compelling growth opportunities, where a modest outlay of development capital has the potential to materially increase firmwide enterprise value. As the resource has previously been drilled at very high-grade and given Tivan’s strong standing in central Australia, this is also our lowest risk early-stage opportunity. Our proposed joint venture with Sumitomo Corporation for the Speewah Fluorite Project adds a further supportive dimension, offering profound commercial synergies as we build out distribution networks in Asia.
In this context Tivan’s team has devoted considerable time this year to developing the resource definition and project facilitation schedule presented today. We extend thanks to the Central Land Council and the Northern Territory Government for their support and collegiate approach in rapidly advancing this unique opportunity in central Australia.”
Motley Fool contributor Abbie Stokes 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.
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