Tivan Limited (ASX: $TVN) Mineral Resource Expansion Confirmation

Tivan Limited (ASX: $TVN) has confirmed planning for an update and targeted expansion of the Mineral Resource estimate for the Speewah Fluorite Project in Western Australia. The Company engaged SRK Consulting (Australasia) Pty Ltd to undertake an independent review of the prior resource estimate and prepare an updated resource estimate for the project. SRK has determined potential for additional Mineral Resource tonnage from depth extensions, peripheral veins, and the Western Zone. An initial Mineral Resource update is expected in April, with ongoing evaluation for the development of an Exploration Target.

Tivan Executive Chairman's Comment on Mineral Resource Expansion

Tivan's Executive Chairman, Mr Grant Wilson, expressed satisfaction with the independent confirmation of the Speewah Fluorite resource from SRK. He highlighted the upcoming drill program through mid-year to support further resource expansion, emphasizing the significant scope to expand the resource in a highly capital-efficient manner. Mr Wilson also mentioned the integration of project studies by Tivan, SRK, and Lycopodium to achieve the optimal project design, keeping Tivan on track for its production target of late 2026.

Summary of Tivan's Mineral Resource Expansion Announcement

Tivan Limited (ASX: $TVN) has received independent confirmation of the Speewah Fluorite resource from SRK, leading to planned updates and expansions of the Mineral Resource estimate for the project. The Company is progressing a pre-feasibility study for the Speewah Fluorite Project, with an expected completion by June 2024, incorporating the initial Mineral Resource update. Additionally, a resource extension drill program is underway, targeting fluorite mineralisation along the strike and at depth below the existing resource, with the results to be incorporated into the resource model. Tivan aims to achieve its production target of late 2026 and is focused on capital-efficient resource expansion and project design optimization.