Tivan (TVN) Investor update summary

Shareholder composition and market dynamics

• Retail ownership stands at approximately 60%, far exceeding the ASX 300 average of 5–12.5%.

• The shareholder base is a mix of retail investors, offshore legacy accounts, and respected global investors.

• Index inclusion could drive significant, non-price sensitive buying flows.

• The company is committed to maintaining a unique register, avoiding placements to large funds.

• Many bonus options are now in the money, likely leading to increased cash inflow and further retail participation.

Operational and project updates

• Simultaneous progress is being made on multiple projects, with dedicated teams and expanded HR capacity.

• Key asset results for three programs are expected in January, with significant data analysis ongoing.

• Drilling at Molyhil, Sandover, and Timor is prioritized, with new surveys and resource definition underway.

• The company is well-resourced financially and operationally, enabling parallel project advancement.

• Focus remains on executing across the Lassonde Curve for sustained value creation.

Community engagement and ESG initiatives

• A major community development proposal is underway with the Central Land Council, aiming for early investment in local communities.

• The initiative seeks to strengthen communities near Alice Springs and support workforce and procurement development.

• Additional significant ESG developments are expected to be announced in Q1.

• The company emphasizes sharing project benefits with traditional owners and local communities.