Tivan (TVN) Q1 2027 TU earnings summary

Executive summary

• Advanced development and exploration across Speewah Fluorite, Molyhil Tungsten and Timor-Leste copper-gold projects; key milestones included high-grade Sandover assays, project-finance advice and progress toward a Molyhil joint venture.

• Received $3m in Australian Government grant funding for Speewah Fluorite and ended the quarter with $19.925m cash reserves.

Financial highlights

• Cash reserves were $19.925m at 30 September 2026, including $11.29m held at the corporate level; cash at the start of the quarter was $20.667m.

• Operating cash outflow was $97k; investing cash outflow was $9.812m, including $8.535m for engineering, exploration and evaluation.

• Financing cash inflow was $9.171m, including $9.589m from share issues and $158k from option exercises; equity transaction costs were $458k.

• Related-party payments were $267k, including directors’ remuneration, salary, fees and superannuation.

Outlook and guidance

• Speewah Stage 2 drilling was scheduled for completion in October 2026; results are intended to support a resource update and maiden Ore Reserve estimate.

• Molyhil’s approved 8,000m, approximately 50-hole development drilling program is designed to inform feasibility studies, approvals and project development planning.

• Maiden Timor-Leste drilling at Scorpion was planned for late October: up to six diamond holes and 1,500m over five to six weeks, subject to ANM acceptance of plans and supporting documents.

• Binding Molyhil joint-venture agreements were anticipated in Q4 2026; the key-terms memoranda were extended to 15 November 2026.

• Speewah Fluorite’s Definitive Feasibility Study is progressing; project-finance advice and grant funding support the work.