Tivan Completes Scoping Study for Northern Territory Project; Shares Up 8%
MT Newswires Live
Apr 29
Tivan (ASX:TVN) completed the scoping study for the Molyhil project in the Northern Territory, confirming that it is a low capital expenditure venture with relatively low technical risk, according to a Wednesday filing with the Australian bourse.
Findings showed that the high ore grade, particularly during the initial years of mining, will be further bolstered by molybdenum by-product credits, and minimal haulage requirements will keep logistics costs low, the filing said.
The company aims to advance the project towards a final investment decision in 2027, per the filing.
Shares rose 8% in afternoon trade on Wednesday.
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