Key points
- High-grade fluorite intersections returned from Stage Two drilling
- Significant intercepts include 18m at 25.1% CaF2 and 7m at 54.9% CaF2
- Mineralisation remains open along strike and at depth
- Tivan plans to develop an Exploration Target and further drilling
- Company aims to become a long-term producer of acid-grade fluorspar
Full summary
Tivan Ltd has reported broad intersections of high-grade fluorite mineralisation from the Stage Two RC drilling program at the Sandover Fluorite Project in the Northern Territory. The results have exceeded expectations, with significant intercepts including 18m at 25.1% CaF2 and 7m at 54.9% CaF2. The mineralisation remains open along strike and at depth, highlighting the potential for expansion of the mineralised footprint. The drilling also identified fluorite stockwork mineralisation adjacent to the primary veins. Tivan intends to develop an Exploration Target for the project, alongside planning for further drilling to support potential future definition of a maiden Mineral Resource Estimate. The company aims to become a long-term producer of acid-grade fluorspar through the development of the Speewah Fluorite Project in Western Australia and exploration at the Sandover Fluorite Project.
Outlook
Tivan aims to become a long-term producer of acid-grade fluorspar through planned development of the Speewah Fluorite Project and exploration at the Sandover Fluorite Project.