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Tivan Limited prioritises the development of its Speewah Project, recognising its superior qualities such as higher vanadium concentration, being able to upscale throughput, and its strategic location. The goal is to run it through various engineering and study phases, concluding with a Front-End Engineering and Design study to support the final investment decision.
While the Mount Peake Project will be refocused and primarily utilized to provide initial ore samples for the TIVAN Pilot Plant Project in Darwin, development planning will be limited in the short term.
To reduce administrative, access, and holding costs, Tivan has decided to relinquish the ancillary mineral leases and access authorities related to Mount Peake, while retaining its main mineral lease and exploration licenses. The company also has the option to reapply for these relinquished leases and authorities as necessary.
Tivan Limited announces the TIVAN+ technology pathway for its vanadiferous titanomagnetite (VTM) projects and collaboration with CSIRO on it.
Indicative delivery timeline for Speewah Vanadium-Titanium-Iron Project and TIVAN Processing Facility is outlined; a large-scale Pilot Plant in Darwin will be developed to validate the TIVAN+ technology.
A hybridized TIVAN+ process route is seen as an optimal path for project facilitation with potential reductions in costs and environmental impacts, as well as commercial advantage in producing intermediate products.