Tivan Advances Speewah Feasibility Study with 213 Drill Holes Completed

Strategic Investment Boosts Speewah Fluorite Project

Tivan Limited has secured a pivotal investment from ETFS Capital, which will inject up to $51.3 million into the Speewah Fluorite Project through Fluorite Holding SPV Pty Ltd. This investment grants ETFS Capital a 22.58% equity interest in the holding company, equating to a 17.5% stake in the project itself. The first tranche of $11.3 million was completed in January 2026, providing immediate funding to accelerate development activities including human resources expansion and procurement of long-lead items.

The Speewah Fluorite Project, located in Western Australia's Kimberley region, boasts one of the world's largest high-grade fluorite resources. Tivan is advancing a comprehensive feasibility study, scheduled for completion in February 2026, supported by an extensive drilling campaign of 213 holes spanning approximately 23 kilometres. The project aims to produce acidgrade fluorspar, a critical feedstock for hydrofluoric acid used in lithium-ion batteries and semiconductor manufacturing, sectors recognised for their strategic importance.

Molyhil Acquisition and Exploration Successes

In a significant expansion of its portfolio, Tivan completed the acquisition of the Molyhil Tungsten-Molybdenum Project in the Northern Territory. The project contains a JORC-compliant resource with measured, indicated, and inferred categories totaling 4.647 million tonnes at 0.26% tungsten trioxide and 0.09% molybdenum. Notably, ultra high-grade fluorite mineralisation was discovered at Molyhil, with assays reaching up to 85.9% CaF2, underscoring the project's potential for further resource growth.

Tivan has commenced an initial program of works at Molyhil, including targeted drilling for tungsten outside the current resource base, environmental approvals scoping, and metallurgical testwork planning. A Memorandum of Understanding with Sumitomo Corporation outlines potential collaboration on exploration, development, funding, and marketing, reflecting the strategic value of this asset.

Exploration Advances Across Northern Territory and Timor-Leste

At the Sandover Fluorite Project, Tivan secured regulatory approval to begin drilling, initiating a staged program to test high-grade fluorite veins. The discovery of a manganese-barite gossan with elevated copper, beryllium, and tungsten levels suggests a polymetallic system that could enhance the project's value.

In Timor-Leste, the Turiscai Project yielded encouraging results with high-grade copper and gold mineralisation identified across multiple locations. Assays returned up to 9.65% copper and 7.19 grams per tonne gold, marking a promising start for the region's exploration potential. Additionally, Tivan signed a binding term sheet to acquire the Baucau and Ossu Projects, further consolidating its critical minerals footprint in Timor-Leste.

Strategic Partnerships and Operational Expansion

Tivan has broadened its strategic alliances, including a partnership with Exante Data for data analytics and market intelligence in the critical minerals sector, and renewed collaboration with EARTH AI to leverage artificial intelligence in exploration at the Sandover AI Project. The company is also expanding its human resources, appointing key roles such as Project Manager and General Manager Operations to support project execution and operational readiness.

Financially, Tivan ended the quarter with $11.9 million in cash reserves, excluding subsequent inflows from ETFS Capital’s tranche 1 funding, option exercises, and a $0.87 million government R&D rebate. The company’s disciplined capital management and strategic funding arrangements position it well for upcoming milestones, including the final investment decision for Speewah targeted for October 2026.