Tivan Advances Speewah Fluorite Project with Draft Feasibility Study Submission
Tivan Limited has submitted a confidential draft Feasibility Study for its Speewah Fluorite Project to key partners, marking a significant step towards project finalisation and potential production.
- Draft Feasibility Study submitted to joint venture partners
- Focus on acid-grade fluorspar production for export
- Partners include Sumitomo Corporation, JOGMEC, and ETFS Capital
- Finalisation and public release expected by March 2026
- Project workflows progressing on schedule with recent funding support
Project Milestone Achieved
Tivan Limited (ASX: TVN) has reached a pivotal milestone in the development of its Speewah Fluorite Project in Western Australia by submitting a confidential draft Feasibility Study to its joint venture partners Sumitomo Corporation, the Japan Organization for Metals and Energy Security (JOGMEC), and strategic partner ETFS Capital Limited. This submission signals the transition from preliminary planning to detailed evaluation, bringing the project closer to potential commercialisation.
Focus on High-Quality Fluorspar Production
The draft study centres on establishing a mining and processing operation capable of producing acid-grade fluorspar with a purity exceeding 97% calcium fluoride (CaF2). This product is highly sought after in global markets, particularly for industrial applications such as aluminium smelting and chemical manufacturing. The emphasis on acid-grade fluorspar underscores the project's ambition to deliver a premium commodity that can command strong demand internationally.
Collaborative Partnership and Funding Support
The Speewah Project is being advanced through an incorporated joint venture between Tivan, Sumitomo, and JOGMEC, with ETFS Capital Limited acting as a strategic partner. Binding agreements with ETFS Capital have facilitated acceleration funding, which has supported ongoing workflows and maintained the project’s momentum. The collaborative nature of the venture combines technical expertise, financial backing, and strategic market access, positioning the project favourably for successful development.
Next Steps and Market Implications
Tivan expects the review and comment process on the draft Feasibility Study to conclude by March 2026, after which the study will be finalised and publicly released. This timeline is critical as it will inform subsequent funding commitments and development decisions. Investors and market watchers will be keen to assess the final study’s findings, which will provide greater clarity on project economics, timelines, and potential returns.
Meanwhile, all project workflows continue to advance according to schedule, reflecting effective project management and the benefits of recent funding injections. The Speewah Fluorite Project remains a noteworthy development in the industrial minerals sector, with the potential to contribute significantly to Australia’s export portfolio.
Bottom Line?
The final Feasibility Study release will be a crucial indicator of the Speewah Project’s viability and its potential impact on the fluorspar market.
Questions in the middle?
- What are the key economic assumptions underpinning the final Feasibility Study?
- How will funding commitments evolve following the study’s finalisation?
- What are the anticipated timelines for project construction and first production?
