Tivan Limited (ASX: TVN) has been awarded exploration grant funding for two applications made for the Sandover Project in the Northern Territory under Round 17 of the Northern Territory Government’s Geophysics and Drilling Collaborations (GDC) programmeme.
The GDC programme is a competitive grants programme funded by the Northern Territory Government's Resourcing the Territory initiative, administered by the Northern Territory Geological Survey.
Sandover is located 100km north of Alice Springs and covers an area of approximately 8,000 sq. km across two contiguous blocks of Exploration Licences in the Northern Arunta Pegmatite Province. Tivan and its exploration partner EARTH AI have made new high-grade silver and high-grade lead discoveries at Aileron Station (EL33099) at Sandover via surface rock sampling programmemes.
Tivan recently upgraded the Sandover Project to a strategic priority and advised of its intent to lodge applications for exploration grant funding for Sandover under Round 17 of the GDC programmeme.
The two grants awarded to Tivan under the GDC programmeme are as follows:
- $80,000 (inclusive of GST) towards co-funding of a diamond drilling hole planned for the Aileron Prospect (EL33099); Tivan is planning for a two-hole diamond drilling programmeme to investigate the prospective polymetallic lead-silver target identified by surface rock assays, with each hole planned to reach a depth of up to 600m.
- $49,000 (inclusive of GST) towards co-funding of a geophysics programme planned for the Aileron Prospect (EL33099); Tivan is planning to conduct an IP survey at the prospective polymetallic lead-silver target identified by surface rock assays to assist in prioritising the area for drilling, especially those areas within the prospect with limited outcropping.
"Tivan is delighted to have been awarded collaboration grants under the NT Government's Resourcing the Territory programme. The Territory is significantly underexplored on a per square kilometre basis and highly prospective for many critical minerals that are required for the energy transition,” Executive Chairman Grant Wilson said.
“We are particularly pleased that our innovative work with EARTH AI at Sandover has been recognised. Digital exploration represents a step-change for the industry, both in terms of productivity and minimising impacts on country. We are looking forward to commencing the drill campaign at Sandover early in Q3, with the support of Traditional Owners and Native Title Holders."
