Tivan

What Tivan does

Tivan Limited is a publicly listed Australian critical minerals exploration and development company (ASX: TVN) headquartered in Darwin, Northern Territory. The company is building a diversified portfolio of critical minerals projects across northern Australia and Timor-Leste, with a primary focus on fluorite (via the Speewah Fluorite Project in Western Australia and the Sandover Fluorite Project in the Northern Territory), tungsten and molybdenum (Molyhil project), and copper-gold exploration in Timor-Leste. The Speewah project is operated through an incorporated joint venture (Japan Australia Fluorite Associates, JAFA) with Sumitomo Corporation and JOGMEC, structured to deliver 150,000 tpa of acidgrade fluorspar targeting FY2028. Tivan also co-developed TIVAN+, a proprietary minerals processing technology with CSIRO aimed at vanadium electrolyte production and critical mineral processing, with mini-pilot testwork achieving 98.6% acidgrade fluorspar purity.

Tivan's business model is pre-revenue and project-finance driven rather than commercial sales driven. Revenue is structured to flow from future critical mineral sales to Asian markets, with offtake underwritten by an 80% take-or-pay commitment via Japan Fluorite Corporation and product distribution managed by Sumitomo Corporation's global marketing network. Project development is funded through stage-gated joint venture equity commitments (up to $100M for Speewah; $50M framework for Molyhil), government grants (A$7.4M IPCM), and project-level debt access (NAIF, Export Finance Australia). Target customers are end users in Asian semiconductor, lithium-ion battery, defense, and clean energy supply chains where Western-aligned fluorite, tungsten, and molybdenum supply is structurally constrained. The company operates additional offices in Perth and Alice Springs, holds a market capitalization of approximately A$601M, and has a leadership team led by Executive Chairman Grant Wilson alongside Managing Director and CEO Paul Burton, with a board including former Fortescue executive Guy Debelle.

Name

Tivan

Legal name

Tivan Limited

Website

https://tngltd.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Tivan Limited is an Australian critical minerals developer (ASX: TVN) building a portfolio of fluorite, tungsten, molybdenum, and copper-gold projects across northern Australia and Timor-Leste, with a flagship Speewah Fluorite joint venture underwritten by Sumitomo Corporation and JOGMEC targeting FY2028 production for Asian semiconductor, EV battery, and defense supply chains.

Ownership category

akta.pro rank

Product category

Critical Minerals Mining

NAICS

Ground or Treated Mineral and Earth Manufacturing (327992), All Other Nonmetallic Mineral Product Manufacturing (32799)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Metal Mining (1000)

akta.pro primary industry

Fluorspar (Fluorite) Mining (IMAKAGAM)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Critical minerals production
• Fluorite mining operations
• Tungsten molybdenum mining
• Copper gold exploration
• Mineral processing technology

Headquarters

HQ city

South Perth

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Critical Minerals Production and Sales: Revenue will be generated from production and sale of critical minerals (fluorite, tungsten, molybdenum) to Asian markets. The Speewah project aims to produce 150,000 tpa acid-grade fluorspar. Product offtake structured with Sumitomo as 80% take-or-pay commitment.
2. Joint Venture Financing: Projects are developed through incorporated joint ventures with Japanese partners who provide equity commitments and debt financing support, including access to government-backed facilities like NAIF and Export Finance Australia.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Tivan Limited is a diversified critical minerals company developing fluorite, tungsten, molybdenum, and copper-gold mining projects across northern Australia and Timor-Leste for sale to Asian industrial buyers. The company's portfolio includes the Speewah Fluorite Project (joint venture with Sumitomo Corporation and JOGMEC), the Molyhil Tungsten-Molybdenum Project, the Sandover Fluorite Project, Timor-Leste copper-gold exploration (Turiscai, Baucau, Ossu), and TIVAN+ proprietary minerals processing technology developed with CSIRO.

Product overview

Tivan Limited is a diversified critical minerals company building a company of strategic importance across northern Australia. The portfolio comprises five distinct projects spanning multiple locations and development stages: Speewah Fluorite Project (fluorite production in WA, joint venture with Sumitomo/JOGMEC), Molyhil Tungsten-Molybdenum Project (tungsten/molybdenum in NT), Sandover Fluorite Project (fluorite in NT, highest grade in Australia), Timor-Leste Copper-Gold Projects (copper-gold exploration including Turiscai, Baucau, and Ossu), and TIVAN+ proprietary minerals processing technology developed with CSIRO. The company operates from Darwin headquarters with regional offices in Perth and Alice Springs, targeting critical minerals for semiconductor, EV battery, and defense supply chains in Asia.

Differentiator

Problem solved

Functional benefit

Brands

• Japan Australia Fluorite Associates (JAFA): Joint venture entity holding the Speewah Fluorite Project, owned 85% by Fluorite Holding (Tivan 93.96%) and 15% by Japan Fluorite Corporation (JFC on behalf of Sumitomo and JOGMEC).

Products and services

• Speewah Fluorite Project Fluorite (fluorspar) mining and processing project in the East Kimberley region of Western Australia. Joint venture with Sumitomo Corporation and JOGMEC. One of the largest high-grade fluorite resources globally, targeting production of acid-grade fluorspar (150,000 tpa) for Asian markets including semiconductor and lithium-ion battery industries.
• Molyhil Tungsten-Molybdenum Project Tungsten and molybdenum mining project located approximately 220km north-east of Alice Springs in the Northern Territory. Adjacent to the Sandover Fluorite Project, enabling infrastructure synergies for a critical minerals precinct. Hosts JORC Code (2012) resource of 4.647 million tonnes at 0.26% WO3 and 0.09% Mo.
• Sandover Fluorite Project Fluorite mining project located northeast of Alice Springs in the Northern Territory, adjacent to the Molyhil Project. Australia's highest grade fluorite prospect with mineralisation in extensive quartz-fluorite-barite veins. Strategic alliance with Earth AI for exploration.
• Timor-Leste Copper-Gold Project (Turiscai) Copper-gold exploration project in Timor-Leste located approximately 40km south of Dili. Comprises seven Exploration and Evaluation Licenses spanning 344km². Prospective for porphyry-style copper-gold mineralisation with grades up to 9.65% Cu and 7.19g/t Au from rock chip samples.
• TIVAN+ Minerals Processing Technology Proprietary minerals processing technology developed by Tivan in partnership with CSIRO for processing vanadium and other critical minerals. Includes proprietary testwork programs for vanadium electrolyte production and processing techniques for Speewah vanadium resources.

Quantifiable outcome

• 43.2 Mt at 8.3% CaF2 containing 3.6 Mt CaF2 world-class fluorite resource
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered strategic, core and supporting.

• Aboriginal Investment NTstrategicStrategic or Co-development Partner · 1 June 2026MoU signed June 2026 for collaboration on Molyhil Tungsten Project and future resources sector opportunities in NT. Corporate Commonwealth Entity based in Darwin with $600 million funds under management, led by Aboriginal Australians. Framework for direct investment and employment, training, procurement opportunities.
• Central Land CouncilcoreStrategic or Co-development Partner · 1 March 2026Land access agreements and community development initiatives in Central Australia. $1 million community development funding over four years through CLC's Community Development Program. Multiple Mineral Exploration Deeds and Sacred Site Clearance Certificates for Molyhil and Sandover projects.
• Investigator Resources LimitedsupportingOthers · 1 September 2025Previous owner/partner of Molyhil Project through Fram Resources subsidiary. Binding Term Sheet for 100% acquisition of Molyhil Tungsten-Molybdenum Project for $8.75 million.
• Thor Energy PlcsupportingOthers · 1 September 2025Previous owner/partner of Molyhil Project through Molyhil Mining subsidiary. Binding Term Sheet for 100% acquisition of Molyhil Tungsten-Molybdenum Project for $8.75 million consideration.
• Sumitomo CorporationcoreStrategic or Co-development Partner · 1 July 2025Incorporated joint venture established July 2025 for Speewah Fluorite Project development, financing, and operation. Sumitomo is a Fortune Global 500 Japanese trading house providing project financing, marketing, and distribution capabilities. Third project collaboration following Speewah and Sandover MoU, expanded to include Molyhil Tungsten Project.
• Pacific HydrosupportingStrategic or Co-development Partner · 1 April 2024MoU signed April 2024 for renewable energy supply integration using Ord River Hydro for Speewah Project energy needs. Supports green critical minerals strategy with long-life green production at Speewah.
• Horizon PowersupportingStrategic or Co-development Partner · 1 April 2024State-owned Western Australian utility partnered for feasibility study on power supply and transmission options involving Ord River Hydro for Speewah Project. Study findings incorporated into Pre-Feasibility Study.
• Kimberley Land CouncilcoreStrategic or Co-development Partner · 1 December 2023Heritage Protection Agreements with Nganjuwarr and Yurriyangem Taam Native Title Holders for Speewah Project. Resourcing Protocol Agreements for project development in East Kimberley region.
• Larrakia EnergysupportingStrategic or Co-development Partner · 1 October 2023Letter of Intent signed October 2023 with majority-owned JV of Larrakia Development Corporation for renewable energy collaboration in Darwin area.
• Earth AIstrategicTechnology or Integration · 1 July 2023Strategic alliance for Sandover AI Project using Earth AI's proprietary AI technology to locate critical mineral deposits. Y Combinator-backed startup with 66% exploration success rate. Alliance enables AI-driven greenfields exploration in Central Australia.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Almonty Industries: TSX-listed tungsten producer with projects globally (Panasqueira in Portugal, Sangdong in South Korea). Closest direct peer for Tivan's Molyhil Tungsten-Molybdenum Project due to analogous commodity focus and Western critical-minerals positioning for downstream defense and EV customers.
• Mineral Commodities Ltd: ASX-listed mining company producing titanium minerals (Tormin) and tungsten development assets. Comparable commodity mix (tungsten + critical minerals), ASX listing, and development-stage profile make it a direct peer for Tivan's tungsten/molybdenum exposure and pre-revenue development stage.
• Tertiary Minerals plc: UK AIM-listed fluorspar exploration company with the Storuman fluorspar project in Sweden. Direct peer to Tivan's Speewah and Sandover Fluorite Projects given the same acidgrade fluorspar target commodity and similar development stage for non-Chinese supply.
• Cobalt Blue Holdings: ASX-listed critical minerals developer advancing the Broken Hill Cobalt Project in NSW. Direct peer as an Australian pre-revenue critical minerals developer pursuing Western supply chain diversification for battery/defense markets with similar funding/partnership profile.
• Australian Vanadium Ltd: ASX-listed vanadium developer focused on the Australian Vanadium Project in WA. Direct peer for Tivan's TIVAN+ technology platform (developed with CSIRO for vanadium processing) and similar pre-revenue critical minerals profile targeting Western supply chains.

Emerging players

• Australian Strategic Materials Ltd: ASX-listed critical minerals company producing rare earths and developing a metals plant in Korea. Comparable as an Australian-listed critical minerals mid-cap building integrated processing capacity, though ASM is further along the production curve.
• VHM Ltd: ASX-listed emerging rare earths and critical minerals developer (Donald Project in Victoria). Emerging Australian critical minerals peer with pre-development profile, similar federal Major Project status pathway, and shared reliance on Australian government policy tailwinds for downstream offtake.

Broad incumbents

• Syrah Resources: ASX-listed natural graphite producer (Balama in Mozambique, Vidalia in Louisiana). Broader incumbent in Australian critical minerals with operational production, providing a benchmark for downstream processing integration and US/EU supply chain positioning relevant to Tivan's fluorite strategy.
• Pilbara Minerals: ASX 200-listed lithium producer (Pilgangoora in WA), the largest independent hard-rock lithium producer globally. Broader incumbent for Australian critical minerals producers with operational cash flow, comparable scale, and strategic Asian off-take partnerships relevant to Tivan's Japan channel strategy.
• AVZ Minerals: ASX-listed lithium developer (Manono project in DRC). Comparable as an Australian-listed pre-revenue critical minerals developer with large-resource optionality, similar project-development timeline dynamics, and African project country-risk exposure analogous to Tivan's Timor-Leste copper-gold exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Tivan_Limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tivan