Tivan LimitedASX: TVN

Tivan expands Baucau footprint in Timor-Leste

· Issued by Tivan Limited

Filed with ASX · · 5 pages · English

Summary by 6ix AI

Tivan Limited has announced the execution of a Binding Term Sheet with Iron Fortune Pty Ltd, granting Tivan an option to acquire a mineral concession adjacent to its Baucau Project in Timor-Leste. The concession covers an area considered highly prospective for base metals mineralisation and is part of Tivan's strategy to expand its operations in the region. Tivan has also established an exploration compound in Baucau to support its growing activities and enhance operational efficiency. The company plans to review existing data and develop an exploration plan for the new license area during the exploration period.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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