Tivan commences large-scale magnetic survey at Turiscai and Baucau Projects in Timor-Leste

• Tivan has commenced a large-scale regional drone magnetic survey covering an area of ~57km2 across priority target zones within the Turiscai and Baucau Projects in Timor-Leste.
• The survey will capture high-definition magnetic, LiDAR and photogrammetric data to enhance geological and structural understanding, and identify and refine priority exploration targets for drilling.
• Tivan is exploring for copper and gold mineralisation at the Turiscai and Baucau Projects, including porphyry and volcanogenic massive sulphide (“VMS”) style deposits.
• Tivan has previously discovered high-grade copper and gold mineralisation at the Turiscai and Baucau Projects through rock chip sampling, and also highly anomalous copper-gold results at Turiscai through stream sediment sampling.
• The survey is being undertaken by PT Geologi Eksplorasi Indonesia (“PT GEO”) in collaboration with Intrepid Geophysics; in-country activities will be managed by Timor-Leste company TimorRai Exploration Service, supporting local participation in Tivan’s exploration programs.

Comment from Executive Chairman of Tivan Limited

Mr Grant Wilson commented:

“Today’s announcement marks a new phase of Tivan’s journey in Timor-Leste, moving beyond surface sampling and stream sediments, to the deployment of cutting-edge drone technology in this emerging and very special country. 

In taking this step, we aim to refine and specify multiple drilling targets, enabling Tivan to secure the relevant regulatory approvals in good time, so that we may commence maiden drilling at Baucau and Turiscai this year.

This is an ambitious agenda. 

With the trust we have established locally, including with our joint venture partner, Murak Rai Timor EP, along with the dedication of our world-class team, we will deliver”.

The full ASX Announcement is available here.