Tivan secures regulatory approval for maiden drilling at Sandover Project

Tivan Limited (ASX:TVN) has obtained regulatory approval from the Department of Lands, Planning and Environment to commence a maiden drilling program at the Sandover Project. The approval includes a Deemed Mining Licence, valid for 4 years, and covers the high-grade lead and silver prospects at Aileron Station (EL33099). Tivan's exploration partner, EARTH Al, will undertake the exploration drilling, with the company targeting drilling commencement in Q4 2024.

Executive Chairman's Comment on Regulatory Approval

Today marks an important step forward for the Sandover Project and our Exploration Alliance with EARTH Al. We have made great progress together over 18 months, with Sandover now positioned at the global frontier of technology-driven exploration and our Alliance having earned a social licence to operate. We are looking forward to making a start and to progressing the potentially transformative opportunities we have in central Australia. There is much more to Sandover than meets the eye.

Summary of Regulatory Approval and Future Plans

Tivan Limited (ASX:TVN) has successfully secured regulatory approval to commence a maiden drilling program at the Sandover Project, including the high-grade lead and silver prospects at Aileron Station. The company has obtained a Deemed Mining Licence valid for 4 years, reflecting the recent transition to the Environmental Protection Act 2019 in the Northern Territory. Tivan is finalizing a Mineral Exploration Deed with the Central Land Council to recognize the rights and interests of Traditional Owners and Native Title Holders at Sandover. The company anticipates finalizing relevant agreements in Q4 and is targeting drilling commencement in the same period. The upcoming drill campaign will prioritize the newly discovered lead-silver, copper, and lithium pegmatite targets across the Sandover Project. Additionally, a government co-funded geophysical Induced Polarisation survey will be undertaken at the Aileron Prospect to test the effectiveness of mapping a shallow source body associated with surface lead-silver mineralization. Tivan's commitment to cultural heritage best practice is evident through its workflows with the CLC and AAPA clearances. The company's Executive Chairman, Mr Grant Wilson, expressed optimism about the progress and transformative opportunities at the Sandover Project, highlighting the global frontier of technology-driven exploration and the earned social licence to operate.