Tivan awarded Major Project Status

Tivan (ASX:TVN), a critical minerals company, has been granted Major Project Status (MPS) by the Australian Government for its Speewah Fluorite Project in Western Australia. This status emphasizes the project's national importance and aligns with Australia's Critical Minerals Strategy and National Battery Strategy. The designation provides Tivan with government support for approvals coordination.

Tivan's strategic project outlook

Tivan's Speewah Fluorite Project has been recognized with Major Project Status, underscoring its national significance. This designation aligns with Australia's strategies for critical minerals and battery production, providing Tivan with strategic prominence and government coordination. The company is developing a mining and processing operation in partnership with Sumitomo Corporation to produce acid-grade fluorspar. The project holds economic and strategic importance for Northern Australia, offering benefits to the local community and industry development. With a $7.4 million grant support, Tivan aims to enhance its strategic importance in Australia and Asia, focusing on the critical nature of fluorite. The MPS is valid for three years from 29 November 2024, marking a significant milestone for the company in advancing Australia's critical minerals sector.

Executive commentary on project status

We are proud to have achieved the Major Project Status designation, which underscores the strategic significance of the Speewah Fluorite Project and its potential benefits to the northern Australia region.