Quarterly Activities/Appendix 5B Cash Flow Report

• Progress in joint venture for Molyhil Tungsten Project
• High-grade fluorite mineralisation at Sandover
• Secured regulatory approvals for Timor-Leste drilling
• High-grade copper-gold mineralisation in surface samples
• Leadership appointments and team expansion

Tivan Ltd's September 2026 Quarterly Activities Report highlights several key achievements. Progress has been made towards finalizing a binding joint venture for the Molyhil Tungsten Project with Sumitomo Corporation and ETFS Capital Limited. High-grade fluorite mineralization was intersected at the Sandover Fluorite Project, including 20.3m at 18.9% CaF2 from 24m. Regulatory approvals were secured for a maiden drill program in Timor-Leste, and high-grade copper-gold mineralization was found in surface samples at multiple prospects. A large-scale drone magnetic survey was initiated at the Turiscai and Baucau Projects, and an existing Exploration and Evaluation License at the Baucau Project was expanded. A two-year drilling program at the Speewah Fluorite Project is nearing completion, and approvals were secured for an 8,000m development drilling program at the Molyhil Tungsten Project. Additionally, Tivan received $3 million in IPCM grant funding for the Speewah Fluorite Project. The executive and leadership teams were expanded with several new appointments, including Ms Rebecca Moylan as Chief Financial Officer and Mr Jason Giltay as Chief Commercial Officer.