Tivan's Engagement of Lycopodium for Pre-Feasibility Study

Tivan Limited (ASX: $TVN) has appointed engineering and construction company Lycopodium to oversee the pre-feasibility study ("PFS") for Tivan's Speewah Fluorite Project in the Kimberley region of north-east Western Australia. The PFS will assess the technical and economic feasibility of a mining and processing operation at the Speewah site to produce acid grade fluorspar, with an expected completion by June 2024.

Executive Commentary on Partnership with Lycopodium

We are delighted to partner with Lycopodium in delivering the Pre-Feasibility Study for the Speewah Fluorite Project. Lycopodium prevailed in a competitive tender process, based on their outstanding technical capabilities and track record in the critical minerals sector. As a local firm, Lycopodium is also highly sensitised to delivering positive community impacts, an important priority at Tivan as we move forward. Our project will be a first for Australia in fluorine, providing a critical feedstock to trusted partners in the EV battery value chain, and providing tangible economic and social benefits across the East Kimberley region. - Mr Grant Wilson, Executive Chairman

Summary of Tivan's Pre-Feasibility Study Announcement

Tivan Limited (ASX: $TVN) has engaged Lycopodium to conduct a pre-feasibility study for the Speewah Fluorite Project in Western Australia. The study will evaluate the technical and economic viability of establishing a mining and processing operation to produce acid grade fluorspar. This initiative aligns with the Australian Government's recognition of fluorine as a critical mineral and its role in the energy transition. The partnership with Lycopodium, known for its expertise in project development and execution, signifies Tivan's commitment to delivering positive community impacts and advancing Australia's position in the fluorine market. The completion of the PFS by June 2024 marks a significant milestone in Tivan's strategic efforts to contribute to the EV battery value chain and foster economic and social benefits in the East Kimberley region.