Tivan Expands Timor-Leste Portfolio with Six Licenses Covering 289km²
Tivan Limited has secured six new exploration licenses in Timor-Leste, boosting its critical minerals portfolio with copper, cobalt, and gold prospects. The $500,000 deal complements its existing Turiscai Project and positions the company for accelerated exploration in a largely untapped region.
- Acquisition of six Exploration and Evaluation Licenses covering 289km² in Timor-Leste
- Total consideration of $500,000 split evenly between cash and Tivan shares
- Projects highly prospective for copper, cobalt, gold, and other critical minerals
- Leverages existing operational base and local partnerships in Timor-Leste
- Exploration plans include field validation, drone magnetic surveys, and drilling
Strategic Expansion in Timor-Leste
Tivan Limited has taken a significant step in expanding its critical minerals exploration footprint by signing a binding term sheet to acquire six Exploration and Evaluation Licenses from Beacon Minerals Limited. These licenses cover the Baucau and Ossu Projects, spanning 289 square kilometers in Timor-Leste, a region known for its geological complexity and mineral potential but still largely underexplored.
The acquisition, valued at $500,000, is structured as a combination of $250,000 in cash and $250,000 in Tivan shares. This modest financial outlay offers Tivan a substantial increase in prospective ground, complementing its existing Turiscai Project, where the company is already exploring for copper and gold.
Geological Promise and Operational Synergies
Timor-Leste’s location along the southern Outer Banda Arc places it within a tectonically active zone rich in mineral deposits, including some of the world’s most significant copper-gold systems. The Baucau and Ossu Projects lie in geological settings analogous to renowned deposits such as Grasberg and Ok Tedi, enhancing their appeal.
Tivan’s established presence in Timor-Leste, with a regional office and a local geological team, provides a strong operational foundation to accelerate exploration activities. The company benefits from solid relationships with the National Mineral Authority and the Geosciences Institute of Timor-Leste, which will be instrumental in navigating regulatory and community engagement aspects.
Next Steps and Exploration Outlook
Following completion of due diligence and regulatory approvals, Tivan plans to initiate systematic field validation, including geological mapping and surface sampling. These efforts will be complemented by drone magnetic surveys and targeted drilling campaigns aimed at rapidly advancing the most promising targets across the Baucau, Ossu, and Turiscai Projects.
Beacon Minerals’ decision to divest these licenses to focus on Australian gold assets has provided Tivan with a timely opportunity to consolidate its position in a region poised for growth in critical minerals supply. The combined project area of approximately 633 square kilometers now offers a robust platform for Tivan to contribute meaningfully to Timor-Leste’s emerging mineral resources sector.
Leadership Perspective
Tivan’s Executive Chairman, Grant Wilson, highlighted the significance of the transaction, emphasizing the company’s commitment to sustainable development and collaboration with local communities and government. He framed the acquisition as a foundation for long-term economic and social benefits in Timor-Leste, underscoring Tivan’s role in unlocking the country’s mineral potential.
Bottom Line?
Tivan’s acquisition marks a pivotal expansion in a promising but underexplored region, setting the stage for accelerated critical minerals discovery in Timor-Leste.
Questions in the middle?
- What initial exploration results will Tivan report from the Baucau and Ossu Projects?
- How will regulatory approvals and local partnerships influence the pace of development?
- Could this acquisition position Timor-Leste as a key player in the global critical minerals supply chain?
