Tivan (TVN) Q3 2026 TU earnings summary

Executive summary

• Feasibility Study for Speewah Fluorite Project delivered and approved, advancing to Definitive Feasibility Study phase.

• Speewah Fluorite Project recognized as a strategic supply source by Japan and US governments.

• Mineral Resource Estimate for Speewah increased by 16% in tonnage and 6% in contained CaF2 year-over-year.

• Tranche 1 and 2 funding totaling $16.3 million completed for Speewah Fluorite Project.

• Acquisitions completed for Molyhil Tungsten, Baucau, and Ossu Projects; high-grade mineralization confirmed at multiple sites.

Financial highlights

• $0.87 million received as a refundable tax offset under the Federal Government's R&D program.

• Payments for engineering, exploration, and evaluation activities totaled $3.52 million for the quarter.

• Total cash reserves of $22.446 million as of 31 March 2026.

• Net cash used in operating activities for the quarter was $2.02 million; net cash used in investing activities was $6.21 million.

• Net cash from financing activities was $18.76 million, primarily from share issues and joint venture partner contributions.

Outlook and guidance

• Definitive Feasibility Study for Speewah Fluorite Project to be progressed with new funding.

• Stage two drilling at Sandover Fluorite Project to commence in April 2026.

• Scoping Study for Molyhil Tungsten Project to be finalized by 30 April 2026, with joint venture discussions ongoing.

• Ongoing exploration and resource expansion activities planned for Timor-Leste projects.