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Highlights:
- TVN signs MoU with Sumitomo Corporation for Sandover Fluorite Project collaboration.
- Tivan acquired 100% of Sandover Project in 2024; PFS expected ahead of 2026 study phase.
- TVN targeting metspar and acid-grade fluorspar; drilling to commence in Q4FY25.
Tivan Limited (ASX:TVN) has entered into a Memorandum of Understanding (MoU) with Sumitomo Corporation for the potential development of the Sandover Fluorite Project in the Northern Territory. This marks the second collaboration between the companies in the fluorite sector, following their existing incorporated joint venture for the Speewah Fluorite Project in Western Australia. The MoU outlines a commitment by both parties to engage in good faith discussions to explore potential collaboration in areas such as project development, financing, construction, marketing, and operations. These discussions are non-binding and subject to the delivery and review of a Pre-Feasibility Study (PFS) for the project, which is currently in progress.
Tivan acquired full ownership of the Sandover Fluorite Project through an agreement signed in November 2024, finalised in March 2025. The project is located approximately 230 kilometres north-east of Alice Springs and about 8 kilometres from Tivan’s existing Sandover AI Project. It includes ground previously held by subsidiaries of Investigator Resources Limited and Thor Energy Plc. Surface sampling results released in January and June 2025 confirmed the presence of ultra high-grade calcium fluorite (CaF₂) across an extensive strike length. These results form the basis of ongoing resource definition work that will inform the PFS and subsequent decision-making around project development.
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