Tivan Limited unveils PFS for Speewah; 10Y LOM with average annual earnings of $114M

Tivan Limited (ASX:TVN) has released its PFS for the Speewah Fluorite Project, “an Australian first project to supply … Asia.”

Allied with Sumitomo, the company has pushed its projections to the market today – a 10.6Y life of mine (LOM) processing 8.4Mt of ore for 1.48Mt of flurospar production.

The company expects $1.9B in revenue over the LOM; annual average earnings of $184M and earnings of $114M.

Net present value post-tax is calculated at $354M.

“Tivan is also evaluating metallurgical grade fluorspar (metspar) (CaF2 content between 85-97%) as a by-product opportunity, noting that metspar is currently commanding high prices in Asia,” the company wrote on Tuesday.

“The Study presents a conventional flowsheet, based on physical separation processes, with low technical risk. Within the context of Australia’s critical mineral sector, the Project has high criticality and low capital intensity.”

TVN last traded at 5.6cps.