The Board of Tivan Limited is pleased to advise that the Company has completed acquisition of the Molyhil Tungsten-Molybdenum Project (“Project”) located approximately 220 kilometres north-east of Alice Springs in the Northern Territory and adjacent to the Company’s Sandover Fluorite Project (see Figure 1 below), having satisfied all conditions precedent to the acquisition.
Tivan announced in September 2025 it had signed a Binding Term Sheet with subsidiaries of Investigator Silver Limited (“Investigator”) and Thor Energy Plc (“Thor”) to acquire 100% of the tenements comprising the Molyhil Project. As part of the acquisition, Tivan has also taken assignment of all mineral rights held by Investigator and Thor on tenements comprising the Sandover Fluorite Project. For further details, refer to the ASX announcement of 16 September 2025.
Consideration for the acquisition is $8.75 million, comprised of initial cash payments totalling $3.5 million (now paid in full, including a $3 million completion payment) and deferred payments totalling $5.25 million in cash or shares (with a value equivalent to 50% of the deferred payments able to be paid in shares at Tivan’s election). The deferred payments comprise three equal annual payments commencing 12 months from signing of the Binding Term Sheet.