MANAGEMENT

Tivan moves HQ to NT

CRITICAL minerals company Tivan has consolidated its presence in the Northern Territory and moved its company headquarters from Perth to Darwin, in a boost to the NT’s fledgling critical minerals industry.

Darwin Harbour

Darwin Harbour

The move is aimed at strengthening Tivan's local presence in the NT to support the next phase of planning for its processing facility earmarked for the Middle Arm Sustainable Precinct.

The planned facility will process critical minerals from Tivan's Mount Peake project.

Considered one of the largest flat-lying, shallow vanadium-titanium deposits in Australia, Mt Peake has a 160 million tonne resource grading 0.28% vanadium, 5.3% titanium and 23% iron.

The Darwin facility will deploy the TIVAN metallurgical treatment process to extract three high-value strategic minerals from the magnetite concentrate, for the production of titanium dioxide pigment, vanadium pentoxide, vanadium electrolyte and iron oxide.

Tivan's minerals processing facility will create 1500 jobs during construction and about 1000 long-term jobs once operational.

Tivan executive chairman Grant Wilson said relocating the HQ to Darwin was an important substantive step forward for Tivan.

"It will materially assist in project facilitation, especially in respect of our pilot plant and the significant work we have ahead at Middle Arm," he said.

"HQ will now be proximate to Tivan's core interests and future workforce and to greater Asia as well."

Wilson said the announcement also had important symbolic resonance.

"Tivan is now one of a handful of Australian Securities Exchange-listed companies with a HQ in the Northern Territory and remains the sole public proponent at Middle Arm," he said.

"The move will further differentiate our corporate profile and value propositions, as we continue to deepen relationships with key stakeholders, including in community, government and First Nations."

NT mining minister Nicole Manison said the Tivan announcement showed the company had belief in the Territory.

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