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Tivan Limited (ASX:TVN)

ALERT: Price-sensitive ASX Announcement for TVN
Current share price for TVN : $0.310 0.045 (16.98%)+
Announcement
Release
24 Jun 2026 9:31AM
Price at Release
$0.265
Full Release
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Summary
Tivan Limited has entered into a significant agreement with Sumitomo Corporation and ETFS Capital for the development of the Molyhil Tungsten Project, establishing a framework for a $50 million investment. Tivan will retain an 82.5% interest in the project, located in the Northern Territory. The project includes a Pre-Feasibility Study, set for completion in late 2026, and aims to enhance resource expansion efforts. Sumitomo and ETFS are existing partners in other Tivan projects, and the planned agreements aim to finalize by the third quarter of 2026, pending regulatory approvals.
Key Points
  • Tivan has signed a Key Terms Memorandum of Understanding with Sumitomo Corporation and ETFS Capital for the Molyhil Tungsten Project.
  • The deal establishes $50 million of stage-gated investment for Molyhil, with Tivan retaining an 82.5% project interest.
  • The Molyhil Tungsten Project is located in the Northern Territory and adjacent to the Sandover Fluorite Project.
  • A Pre-Feasibility Study is underway, targeting completion in Q4 2026, ahead of a Definitive Feasibility Study.
  • Sumitomo Corporation is a Fortune Global 500 company and existing joint venture partner in the Speewah Fluorite Project.
  • ETFSC, the family office of Graham and Louise Tuckwell, is a substantial shareholder and strategic partner in the Speewah Fluorite Project.
  • Long-form binding agreements are planned for completion by Q3 2026, subject to regulatory approvals.
  • The Molyhil Project has a JORC Code (2012) Mineral Resource Estimate of 4.647 million tonnes at 0.26% WO3 and 0.09% Mo.
  • Tivan's approach allows for the strategic involvement of partners while minimizing dilution to shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.