Tivan (ASX:TVN) has appointed global engineering group Hatch to complete a review for an upcoming Prefeasibility Study (PFS) at its Speewah Vanadium-Titanium-Iron Project in Western Australia.
The $117.80 million market capitalisation company says the review will comprise an evaluation of the detailed project scoping work completed by Tivan, as well as previous engineering studies and testwork reports, addressing areas requiring further supporting detail in preparation for the PFS.
Tivan says it aims to develop a conventional salt roast processing operation at Speewah to produce vanadium oxides and ferrovanadium. This pathway is the focus of the PFS.
The study will seek to highlight plant capacity, concentrate specifications, and waste management requirements and will look to confirm the beneficiation and salt roast flowsheet to progress into the PFS.
This project is expected to comprise mining, beneficiation, and processing operations integrated at the Speewah mine site.
Tivan notes the Hatch engineering review is scheduled to be completed in 2 months.
Addressing the appointment of Hatch, Tivan Executive Chairman Grant Wilson says: “We are delighted to partner with Hatch as Tivan moves deeper into our implementation phase. Hatch is the premier engineering firm in the vanadium sector worldwide and recognises the unique opportunity that Tivan has with Speewah.
“Our like-minded teams are excited to commence this important collaboration and to be advancing a project of enduring significance to the energy transition and to Australia“
Our like-minded teams are excited to commence this important collaboration and to be advancing a project of enduring significance to the energy transition and to Australia.”
Tivan is an ASX-listed company focused on pioneering critical minerals for a sustainable future.
The company’s Speewah project is located in Northern Australia and represents a ‘unique’ and ‘strategically significant’ asset in which the company is trying to create a durable industrialisation pathway for Vanadium Redox Flow Batteries.
Hatch is a global engineering company comprising a network of 10,000 professionals and experience spanning over 150 countries in the metals, energy, and infrastructure sectors.
Tivan had $1.3 million cash and cash equivalents at hand as of 30 June 2023, though the company in July launched a $5 million share placement and in August completed a share purchase plan that raised an extra $1.022 million.
Write to Adam Drought at Mining.com.au
Images: Tivan
