InvestSMART

Tivan Limited (ASX:TVN)

ALERT: Price-sensitive ASX Announcement for TVN
Current share price for TVN : $0.190 -0.06 (-24%)+
Announcement
Release
20 Aug 2026 8:23AM
Price at Release
$0.250
Full Release
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Summary
Tivan Limited has announced an expansion of its operations in Timor-Leste by securing an option over a mineral concession adjacent to its Baucau Project. This expansion is achieved through a Binding Term Sheet with Iron Fortune Pty Ltd to acquire 100% of an Exploration and Evaluation License, covering a 48km2 area rich in base metals. The agreement involves a payment structure totalling $500,000, combining cash and Tivan shares. This strategic move aims to expand Tivan's exploration footprint in the region, where the company is currently pursuing copper, gold, and other critical minerals. The initiative also includes establishing an exploration compound in Baucau to support logistics, reduce costs, and enhance engagement with local communities. Tivan is also working on joint ventures with Murak Rai Timor E.P., the state-owned mining company, to further its in-country operations.
Key Points
  • Tivan secures option over mineral concession adjacent to Baucau Project
  • Agreement with Iron Fortune Pty Ltd for exploration and evaluation
  • License covers 48km2 area with potential for base metals
  • Total transaction value of $500,000, combining cash and shares
  • Establishment of exploration compound in Baucau for operational efficiency
  • Expansion includes joint ventures with Murak Rai Timor E.P.
  • Focus on copper, gold, and critical minerals exploration
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.