Highlights
- Tivan Limited receives $150,000 grant support for fluorite exploration
- Sandover Project sets sights on Q4 drilling and metallurgical studies
- Strategic positioning with potential contribution to ASX200 resource growth
Tivan Limited (ASX:TVN) has secured a significant step forward in advancing its Sandover Fluorite Project, receiving two exploration grants totaling $150,000 from the Northern Territory Government's Geophysics and Drilling Collaborations (GDC) program. These funds are poised to drive early-stage drilling and metallurgical efforts at what could become a world-class fluorite deposit in Australia's mineral-rich Northern Territory.
Government Support Accelerates Early Exploration
Under the 18th round of the GDC program, Tivan (ASX:TVN) was awarded $100,000 to fund its maiden reverse circulation (RC) drilling initiative and an additional $50,000 to conduct early metallurgical test work. These grants reflect growing governmental recognition of the Sandover Project’s potential and its strategic importance in the regional exploration landscape.
The Sandover Fluorite Project, located approximately 230km north-east of Alice Springs, was acquired in November 2024. Initial surface sampling results suggest the presence of high-grade fluorite, positioning the project as a potential game-changer in the global fluorspar supply chain.
Project Roadmap and Strategic Focus
Tivan is gearing up to commence its maiden drilling program in the fourth quarter of 2025, alongside launching a scoping study. The company is actively assessing both expedited and traditional pathways for developing fluorspar production from the site, aiming to align with market demand and resource development timelines.
This forward movement comes at a time when investors and analysts are increasingly focused on resource sector opportunities within the ASX200 index. Companies like Tivan that are aligning exploration activities with national priorities may find themselves gaining more visibility among institutional and retail investors.
Commitment to Central Australian Development
Executive Chairman Mr Grant Wilson acknowledged the support from the NT Government, expressing confidence in the project's potential. His statement highlights Tivan’s long-term vision for Central Australia and its commitment to contributing to regional development and national resource capabilities.
As the energy transition and infrastructure sectors demand more industrial minerals like fluorite, Tivan's proactive approach could also place it among ASX dividend stocks in the long term, should its projects move successfully into production and generate consistent returns.
The awarded grants not only support early exploration at Sandover but also reinforce Tivan’s broader strategic direction within the ASX200’s evolving resource and energy segment landscape. The upcoming drilling phase will be pivotal in determining the project’s commercial viability and future role in the global fluorite supply chain.