Tivan is strengthening its upstream fluorite exposure in Australia by signing a binding term sheet to acquire a second fluorite project located northeast of Alice Springs.
The project, known henceforth as the Sandover Fluorite Project, is located 8km east of Tivan’s Sandover Project. The area is considered highly prospective for high-grade fluorite (CaF2) with previously identified fluorite mineralisation in two extensive belts of quartz-fluorite-barite veins.
Fluorite is a critical mineral with strategic importance to the global semiconductor industry and rapidly growing use in energy transition sectors, including next-generation lithium-ion batteries.
Consideration for the acquisition totals $1.075 million, comprised of up-front cash payments and contingent cash payments subject to JORC resource definition and mineral production. The acquisition has strong commercial synergies with the Speewah Fluorite Project that is being progressed in strategic alliance with Sumitomo Corporation.
The acquisition follows a comprehensive internal assessment by Tivan’s geology team in Q3 2024 of areas considered prospective for fluorite mineralisation across Australia.
The new project further strengthens Tivan’s fluorite exposure, offering an early-stage exploration asset to complement the more advanced Speewah Fluorite Project in the East Kimberley region of Western Australia.
