.Tivan_Limited has struck a A$20million deal with KingRiverASX to acquire the Speewah vanadium titanium iron project in WesternAustralia acquisition resources mining
PERTH – ASX-listed Tivan has struck a A$20-million deal with ASX-listed King River Resources to acquire the Speewah vanadium/titianium/iron project, in Western Australia.
Tivan, previously known as TNG, said on Monday that the acquisition would result in the company owning two large-scale vanadium in titanomagnetite deposits in Australia, including its own Mt Peake vanadium/titanium/iron project in the Northern Territory, providing the company with crucial impetus for feeding its planned centralised TIVAN processing facility at Middle Arm in Darwin.
“Speewah is a game changer for Tivan, for northern Australia and for the critical minerals sector globally. It provides crucial impetus for the board in progressing the Tivan processing facility at Middle Arm in Darwin, and it radically improves the company’s outlook in pursuing feasibility and long-term value creation for shareholders.
Wilson said that Mt Peake remained an important strategic asset for the company, and would play an instrumental role moving forward.
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