Highlights
Tivan (ASX:TVN) signed a mineral exploration deed with the Central Land Council for the Sandover Fluorite Project
A maiden drilling campaign is planned with cultural and environmental clearances secured
The project is part of a joint venture with Sumitomo (TYO:8053) through Japan Fluorite Corporation
The resources sector on the asx 200 continues to highlight significant exploration activity, with Tivan (ASX:TVN) advancing its Sandover Fluorite Project in the Northern Territory under a formal agreement with the Central Land Council.
Exploration Agreement with Traditional Owners
Tivan entered a deed with the Central Land Council on behalf of Traditional Owners and Native Title Holders to govern exploration works at the Sandover Fluorite Project. This agreement is designed to ensure cultural considerations are embedded in the upcoming exploration phase.
Planned Drilling Program
The company outlined plans for a maiden drilling program designed to examine fluorite veins that have been indicated by earlier surface mapping and sampling. The initiative aims to develop an understanding of the mineralisation and geological characteristics of the project area.
Cultural and Regulatory Clearances
A sacred site clearance certificate has been granted by the Central Land Council, granting access to a defined exploration zone. Regulatory approvals from the Northern Territory Government are also expected to support the commencement of drilling activities.
Government Collaboration and Support
The exploration campaign has received backing through the Northern Territory’s Geophysics and Drilling Collaborations program. The initiative includes assistance for both drilling and metallurgical testwork in early stages of the project development path.
Project Development Outlook
Tivan has signalled that exploration outcomes will guide early assessments of the Sandover resource. Initial testwork will focus on ore sorting technology to produce metspar, with findings from assays expected to support the evaluation of further development stages.
Geological Team Deployment
Plans are in place for the redeployment of the geological team from Speewah to the Sandover Project later in the year. This will allow detailed exploration work to be undertaken across the identified zones of fluorite occurrence.
Joint Venture with Sumitomo
The Sandover Fluorite Project is held in joint venture with Sumitomo (TYO:8053) through its subsidiary Japan Fluorite Corporation. This entity has taken an equity position in the project to support long-term collaboration on fluorite resource development.
Project Location and Regional Significance
Located northeast of Alice Springs, the Sandover Fluorite Project represents one of the emerging mineral exploration developments in the region. The initiative is aligned with efforts to enhance the resource industry presence in the Northern Territory.
Frequently Asked Questions
- What is the Sandover Fluorite Project?
It is a fluorite exploration project in the Northern Territory under joint venture with Sumitomo. - Who is Tivan?
Tivan (ASX:TVN) is an exploration company undertaking projects in Australia, including fluorite development. - What role does the Central Land Council play?
The Central Land Council governs agreements with Traditional Owners and Native Title Holders for exploration works.