Financial Wire

Tivan Says Independent Assessments Confirm Suitability of Western Australia Fluorite Project Product for Hydrofluoric Acid Production, Shares Fall 4%

-- Tivan (ASX:TVN) said that an initial phase of independent product specification assessments confirmed that the acid-grade fluorspar product from the Speewah fluorite project in Western Australia is considered suitable for hydrofluoric acid production, according to a Friday Australian bourse filing.

As part of the program, Tivan and Sumitomo met with potential end-users in March to discuss the product's technical suitability in detail and provide an update on the project.

Tivan is now progressing a "mini-pilot" program for the project at ALS Metallurgy in Western Australia to finalize process engineering and produce a second, larger batch of acid-grade fluorspar product to facilitate further sample assessment and marketing.

Its shares fell 4% in recent trading on Thursday.

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Tivan Says Independent Assessments Confirm Suitability of Western Australia Fluorite Project Product for Hydrofluoric Acid Production, Shares Fall 4% | Financial Wire