Tivan (TVN) Investor update summary

Strategic progress and project milestones

• Achieved significant milestones at Speewah, including feasibility studies, mineral resource upgrades, and validation from key customers and partners in Japan, notably Sumitomo and JOGMEC.

• Advanced Molly Hill/Molyhil Tungsten Project with a successful scoping study, rapid drilling, and ongoing joint venture negotiations, targeting value-accretive partnerships and fast-track development.

• Secured and commenced work on copper-gold concessions in Timor-Leste, finalizing acquisitions and building a local team, with high-grade results supporting maiden drilling in 2027.

• Expanded operational capability with key hires, growing to 45 staff and integrating expertise across three project sites.

• Regional offices and project control groups established to accelerate project timelines.

Community engagement and ESG initiatives

• CEO committed to living in East Kimberley to foster local engagement, employment, and social license, especially with Indigenous communities.

• Supported native title determination at Speewah, working closely with the Kimberley Land Council and traditional owners.

• Prioritized responsible workforce development and mine closure planning tailored to local needs.

• Built strong relationships in Timor-Leste, employing local staff and integrating veterans into advisory roles to deepen bilateral ties.

Financial and corporate updates

• Addressed share price dynamics, option expiries, and disciplined share issuance, emphasizing long-term value over short-term technicalities.

• Diverse investor base with strong hedge fund participation and significant retail ownership.

• Three classes of listed options outstanding, with strong institutional interest in upcoming maturities.

• Maintains focus on mission-driven growth, operational leverage, and strategic partnerships over market speculation.