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    • Tivan Secures .7 Million Grant for Speewah Fluorite Project in Australia
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    Tivan Secures $4.7 Million Grant for Speewah Fluorite Project in Australia

    Pabio Posted on

    The project is expected to strengthen Australia’s critical minerals capabilities. Credit: olpo/Shutterstock.

    Tivan received a cash grant of A$7.4 million ($4.7 million) from the Australian government’s International Critical Minerals Partnerships program for its Speewah fluorite project.

    Located in the Kimberley region of Western Australia, the project aims to establish a new mining and processing operation to produce acid-grade fluorspar, an essential mineral for the manufacture of semiconductors and electric vehicle batteries.

    The grant is part of a government initiative to support critical minerals projects that improve supply chain partnerships internationally.

    Tivan’s Speewah Project aligns with the criteria by targeting production of a mineral listed on the Australian List of Critical Minerals and being at a stage of development between post-exploration and pre-final investment decision ( FID).

    The project is expected to strengthen Australia’s critical minerals capabilities, contribute to supply chain diversity and resilience in Asia, and bring economic and social benefits to the East Kimberley region, including new jobs and business opportunities.

    Minister for Resources and Northern Australia, Madeleine King, said: “These new grants will help Australia’s critical minerals and rare earths projects reach the next stage of development and secure good, well-paying jobs and highly skilled, both in mining, research and downstream processing.

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    “Critical minerals and rare earth elements are essential components of clean energy technologies such as battery storage, solar panels and wind turbines, as well as high-tech medical and defense applications.

    “Our national security and capabilities depend on the growth of a strong and internationally competitive critical minerals and rare earths industry. »

    In July this year, Tivan submitted a detailed application for the Speewah Fluorite project, which included feasibility study plans meeting the program requirements.

    The project has gained importance since fluorine was added to Australia’s list of critical minerals in December 2023.

    Currently, Australia lacks domestic production of fluorspar, making the Speewah Project essential to establishing local production.

    Tivan’s strategic partnership with Sumitomo Corporation, marked by a strategic alliance agreement in June, strengthened the prospects of the project.

    Sumitomo’s letter of support was instrumental in securing the grant.

    The grant, which Tivan will match, will fund various activities essential to advancing the project toward an FID.

    These activities include comprehensive feasibility studies and necessary exploratory and environmental work.

    The grant significantly reduces Tivan’s financial burden for the Speewah project and supports the proposed joint venture with Sumitomo Corporation, marking a substantial step toward completion of the project.

    Tivan is targeting an FID by the first quarter of 2026 and expects production to begin in 2027.


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