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Tivan Limited (ASX:TVN)

ALERT: Price-sensitive ASX Announcement for TVN
Current share price for TVN : $0.195 -0.09 (-31.58%)+
Announcement
Release
28 Jul 2026 8:29AM
Price at Release
$0.285
Full Release
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Summary
Tivan Limited reported significant progress in multiple projects during the quarter ending in June 2026. The company signed key agreements to potentially secure $50 million in funding for the Molyhil Tungsten Project and initiated joint ventures for projects in Timor-Leste. A scoping study affirmed the Molyhil project's viability, and a mini-pilot confirmed the production of premium acid-grade fluorspar at the Speewah Fluorite Project. Tivan also discovered high-grade copper-gold mineralization in Timor-Leste, commenced various fieldwork and geophysical surveys, and secured substantial funding through underwriting and placements. Additionally, leadership changes were made to enhance project execution capabilities.
Key Points
  • Tivan signed Memoranda of Understanding with Sumitomo Corporation and ETFS Capital for potential $50 million investment in the Molyhil Tungsten Project.
  • Binding Term Sheets were signed with Murak Rai Timor E.P. for joint ventures in the Baucau and Ossu Projects in Timor-Leste.
  • A scoping study confirmed the technical and economic robustness of the Molyhil Tungsten Project.
  • Successful mini-pilot and product specification confirm premium fluorspar product capability at Speewah Fluorite Project.
  • High-grade copper-gold mineralisation discovered at Baucau and Ossu Projects.
  • Fieldwork and geophysical surveys have commenced at various projects.
  • An Underwriting Agreement with Evolution Capital and a placement raised a minimum of $15 million.
  • Executive Team and Leadership changes were announced to drive project execution.
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.