Join our daily newsletter At The Bell to receive exclusive market insights
ASX-listed vanadium player Tivan Limited (ASX:TVN) announced on Friday that a CISRO-backed study into the company’s “TIVAN+” downstream tech can reliably produce vanadium concentrate in WA.
The company has an exclusive patent to the technology in all countries except for India. The TIVAN+ tech allows for the production of vanadium, titanium and iron and is described by the company as a “prototypical sovereign capability.”
Read: snatching processing market share from China.
The company is relatively quiet about what, exactly, its process is – unsurprising for a patented asset – but on the company’s website, it does note that “higher reagent consumption” is an element while requiring less heat and gas.
““A year on from [first teaming up]…we are delighted to report the first testwork results of our strategic partnership with CSIRO,” Tivan Exec Chair Grant Wilson said.
“The results confirm the technical viability of TIVAN+ and the amenability of the technology pathway to the Speewah resource.
“The success of the testwork program means that Tivan can now evaluate the traditional salt roast pathway against the TIVAN+ technology pathway. This important exercise will occur in Q3.”
The company flagged on Friday it’s keeping in the mind the recent Federal budget which contained substantial initiatives for the critical minerals sector broadly, a cohort of different materials of which vanadium is a part.
Those initiatives may be able to assist the company construct a TIVAN+ Pilot Plant in the coming years, which would coincide with the company delivering the Speewah Fluorite Project. The company also oversees the Speewah Vanadium Project.
TVN last traded at 5cps.
