Tivan Limited (ASX:TVN) Awarded Grants for Sandover Fluorite Project
Tivan Limited (ASX:TVN) has been awarded two exploration grants totalling $150,000 for its Sandover Fluorite Project under the Northern Territory Government’s GDC program.
Grant Details
Under Round 18 of the GDC program, Tivan received $100,000 towards its maiden RC drilling program and $50,000 for early-stage metallurgical test work.
Project Overview
The Sandover Fluorite Project, acquired in November 2024, is located approximately 230km north-east of Alice Springs. Recent surface sampling assays indicate a world-class fluorite deposit.
Next Steps
Tivan plans to commence drilling and a scoping study in Q4 2025. The company is evaluating expedited and traditional project pathways for fluorspar production.
Executive Comments
Executive Chairman Mr Grant Wilson stated, “Sincere thanks to NT Government for recognising the importance of the Sandover Fluorite Project. Tivan is fully committed to central Australia and has very high expectations for this Project.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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