Critical minerals, Funding, Government announcements, News

Tivan’s Sandover project backed by NT Government

Tivan has welcomed funding from the Northern Territory Government’s geophysics and drilling collaborations (GDC) program for its Sandover silver-lead project.

The GDC program is funded by the NT Government’s Resourcing the Territory program, which will see the Government invest $9.5 million per annum.

Under round 17 of the GDC program, Tivan has been awarded $129,000 to carry out a two-hole diamond drilling program at the Aileron prospect to investigate a prospective polymetallic lead-silver target identified by recent assays.

The funding will also help Tivan conduct an induced polarisation survey at the target to help prioritise the area for drilling.

“Tivan is delighted to have been awarded collaboration grants under the NT Government’s Resourcing the Territory program,” Tivan executive chairman Grant Wilson said.

“The Territory is significantly under-explored on a per square kilometre basis and highly prospective for many critical minerals that are required for the energy transition. We are particularly pleased that our innovative work with EARTH AI (Tivan’s exploration partner) at Sandover has been recognised.”

Round 17 of the GDC program has seen the NT Government award $4 million to 41 projects from 29 companies, a record for the program. Seven of the 29 companies are new to the Resourcing the Territory program.

“The Resourcing the Territory program is the biggest investment by any Northern Territory Government into programs to attract and support resources exploration in our region, and a recent report by Deloitte showed the first four years of this program significantly boosted investment in Territory exploration,” NT Mining Minister Mark Monaghan said.

“Industry confidence in our resources sector has never been so high, bringing with it interstate and global investment and new work opportunities for Territorians.

“The (NT) Government is backing industries that get Territorians working, and back industries which grow our economy.”

This week, Tivan will be in Alice Springs to hold meetings with Traditional Owners and Native Title Holders of the Sandover area. The meetings intend to finalise agreements for Sandover’s proposed drilling campaign scheduled for mid-2024.

“Digital exploration represents a step-change for the industry, both in terms of productivity and minimising impacts on Country,” Wilson said.

“We are looking forward to commencing the drill campaign at Sandover early in Q3 (the third quarter of 2024), with the support of Traditional Owners and Native Title Holders.”

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