Tivan's strategic upgrade of Sandover Project

Tivan Limited (ASX: $TVN) has announced the upgrade of the Sandover Project in the Northern Territory to a strategic priority. This decision reflects the substantial progress achieved at Sandover over the past year, the potential for significant enterprise value generation, and the use of artificial intelligence (AI) as a disruptive technology in minerals exploration. The project, located 100km north of Alice Springs, covers an area of approximately 8,000km2 across two contiguous blocks of Exploration Licences in the Northern Arunta Pegmatite Province.

Executive Commentary on Sandover Project

As conveyed by Executive Chairman, Mr Grant Wilson, 'Sandover is creating much excitement at Tivan. Beyond the high-quality drill targets that have been identified, AI is proving itself in the field as a highly amenable and disruptive technology. In EARTH Al's capable hands, Sandover is shaping as a case study in systematic, low cost, low impact minerals exploration across vast and highly prospective terrain. The Board's endorsement today moves Sandover into the limelight, sitting alongside the Speewah Fluorite Project as a strategic priority at Tivan in 2024.'

Summary of Tivan's Sandover Project Upgrade

Tivan's upgrade of the Sandover Project to a strategic priority signifies the company's commitment to leveraging AI-driven exploration for potential enterprise value generation. The project's proximity to a maiden drill campaign, focus on high-quality targets, and the use of AI as a disruptive technology highlight Tivan's strategic focus. The company's engagement with Traditional Owners and Native Title Holders, along with the final stages of preparing its Mining Management Plan, demonstrates Tivan's commitment to responsible and sustainable exploration practices. Additionally, Tivan's participation in the NT Government's Geophysics and Drilling Collaborations Program reflects its dedication to advancing exploration efforts in the Northern Territory. The company's aim to progress further along the exploration and development pathway before considering any form of divestment or equity sharing arrangement underlines its strategic approach to the Sandover Project.