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Highlights
- Tivan secures fresh grant for Speewah Project
- Joint venture progress continues with Japanese partners
- Feasibility work on track for next development phase
Tivan (ASX:TVN) has advanced a step further in developing its Speewah Fluorite Project in Western Australia after receiving the second installment of grant funding under the Australian Government’s International Partnerships in Critical Minerals (IPCM) program. This support reflects the growing focus on strengthening Australia's foothold in critical minerals, vital for the global clean energy transition.
While Tivan is not currently listed among ASX 200 companies, its growing project pipeline and strategic collaborations contribute to Australia's broader resource development objectives. The company aims to further progress studies that will help define the development path ahead of any formal construction-related decision.
Collaborative Efforts Driving Development
Earlier support under the IPCM program enabled Tivan to initiate and structure a joint venture with Sumitomo (TYO:8053). This partnership is focused on developing the Speewah Fluorite Project, with the Japan Organization for Metals and Energy Security (JOGMEC) also backing the initiative through an equity stake in a dedicated development entity known as Japan Fluorite Corporation.
This collaboration highlights international confidence in the Speewah asset and its relevance to emerging global mineral supply chains. The support from both Sumitomo and JOGMEC positions the project well for technical validation and future downstream engagement.
Project Advancement with Study Milestones
Funds from the IPCM grant are being directed toward essential technical studies, including Feasibility and Definitive Feasibility assessments. These are critical for setting the groundwork for long-term development. Such work aims to de-risk the project and outline the viability of eventual construction and operational stages.
The second installment of funding further reflects Tivan’s ongoing progress in delivering the project’s early-stage goals. With several milestones already achieved, the company anticipates receiving the remaining grant balance in the upcoming period.
Tivan continues to explore and develop critical mineral projects across Australia, particularly in the Northern Territory, aligning with growing global demand in the clean energy and technology sectors.
Frequently Asked Questions
- What is the IPCM program and how does it support Tivan?
The IPCM program is an Australian Government initiative that funds international collaborations in critical minerals. Tivan received funding to advance its Speewah Fluorite Project through feasibility studies. - Who are Tivan's joint venture partners for this project?
Tivan has entered a joint venture with Sumitomo and JOGMEC, who are supporting the development of the Speewah project through equity and strategic input. - Where is Tivan focusing its mineral exploration?
Tivan is engaged in multiple exploration activities across Australia, with key projects in Western Australia and the Northern Territory, focused on critical minerals.
