Tivan (ASX:TVN) has signed a second heritage protection agreement for the Speewah Project in Western Australia, with the Kimberley Land Council Aboriginal Corporation.
The $84.81 million market capitalisation company says the heritage agreement sets out how Tivan will proactively engage with Yurriyangem Taam Aboriginal Corporation (YT) and the native title holders to protect heritage and native title rights in the area, specifically related to Speewah tenements.
Executive Chairman Grant Wilson says: “This agreement is part of Tivan’s ongoing workflows to ensure that we achieve the highest standards of engagement, inclusion, and participation with traditional owners and native title holders as the Speewah Project takes shape.”
The HPA provides agreed formal protocols to advance on-country activities at Speewah planned for 2024, including protocols for planning and ongoing collaborative and inclusive dialogue, as well as approving and monitoring exploration work to ensure the impact of activities on heritage and native title rights are minimised.
Tivan notes the agreement also includes a pathway for parties to define and negotiate a further agreement with native title holders for Speewah’s planned future transition into productive mining.
Tivan says Speewah hosts the ‘largest’ reported vanadium in titanomagnetite (VTM) resources in Australia, and is touted as one of the largest globally, containing JORC compliant measured, indicated, and inferred resources of 4.7 billion tonnes @ 0.30% V2O5, 14.7% Fe, and 3.3% TiO2 (0.23% V2O5 cut-off grade).
Tivan is a critical minerals-focused company with assets in Western Australia and the Northern Territory.
As of 31 December 2023, the company had $2.861 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Tivan
