Tivan Limited (ASX: TVN) was established in 1970 and is headquartered in Darwin, Northern Territory. The company specialises in the exploration, evaluation, and development of critical minerals, including vanadium, titanium, iron, and lithium. Tivan has multiple projects across Australia, including the Mount Peake Vanadium-Titanium-Iron Project and the Kulgera Rare Earths Project.
As of March 26, 2025, Tivan’s share price stands at $0.0930, reflecting investor confidence in its strategic growth initiatives. The company continues to attract market attention due to its increasing focus on critical minerals, which are essential for modern industries such as battery manufacturing, aerospace, and advanced materials.
Acquisition Details and Strategic Implications
The acquisition of the Sandover Fluorite Project was completed following the transfer of tenement EL34050 to Tivan’s wholly owned subsidiary, Sandover SPV1 Pty Ltd. The project, located approximately 8 kilometres east of Tivan’s existing Sandover AI Project, was acquired from Investigator Resources Limited and Thor Energy Plc. Tivan made a title transfer payment of $100,000 and a stamp duty payment of approximately $53,000 to finalise the deal.
This acquisition aligns with Tivan’s strategic objective of strengthening its position in the global critical minerals market. The presence of high-grade fluorite within the tenement adds substantial value to Tivan’s resource portfolio. Fluorite is a key component in the production of aluminium, hydrofluoric acid, and steelmaking, industries that are currently facing supply chain challenges due to increasing demand.
Exploration and Development Initiatives
Tivan has outlined an extensive exploration and development programme for the Sandover Fluorite Project, targeting drilling and a scoping study in Q4 2025. The goal is to define the fluorite deposit with sufficient size and grade to support a full-scale mining and processing operation.
The company is exploring two primary production pathways. The first involves producing Direct Shipping Ore (DSO), which contains over 85% CaF₂ and can be exported without extensive processing. The second pathway focuses on traditional processing to produce acid-grade fluorspar with CaF₂ content exceeding 97%, which is in high demand in the chemical and metallurgical industries.
To support this development, Tivan has engaged technical experts to assess the project’s potential. In February 2025, environmental consultancy firm EcOz completed an Environmental Desktop Assessment, evaluating the potential impact of mining activities. Additionally, SRK Consulting provided a Technical Memorandum that reviewed historical drilling data and identified the work required to meet the JORC Code (2012) public reporting standards.
Technological Advancements and Field Activities
Tivan is actively exploring innovative processing solutions to enhance the economic feasibility of the Sandover Fluorite Project. The company is in discussions with an ore sorting vendor to assess advanced sorting technology as a low-cost processing solution for metspar production. This technology could significantly reduce processing costs while maintaining high-quality fluorite output.
Field activities are also a key focus. The company’s geology team is preparing for an early Q2 2025 site visit to conduct surface sampling and geological mapping. This work is crucial for identifying additional mineralisation areas along strike and refining drill targets for future resource definition. By advancing its exploration techniques, Tivan aims to maximise the efficiency of its resource assessment process.
Government Collaborations and Community Engagement
To further its exploration efforts, Tivan is preparing applications for Round 18 of the Northern Territory Government’s Geophysics and Drilling Collaborations (GDC) programme. The company is seeking co-funding for brownfields diamond drilling, which involves testing new geological concepts adjacent to known deposits. Additionally, Tivan is requesting funding for early-stage metallurgical test work to evaluate the recoverability of critical minerals from its ore.
Beyond regulatory and financial support, Tivan is committed to maintaining strong relationships with local communities and indigenous groups. Executive Chairman Grant Wilson is scheduled to meet with the Central Land Council in April to discuss the cultural heritage implications of the Sandover project. This engagement ensures that exploration and mining activities are conducted with respect for indigenous land rights and environmental sustainability.
By integrating exploration, technology, and community collaboration, Tivan Limited is positioning itself as a leader in the critical minerals industry. The Sandover Fluorite Project is set to play a vital role in the company’s growth strategy, further cementing its status as a key supplier of essential minerals for global markets.
