Annual and Final Technical Report Exploration Licence 32433 for the period 1 April 2023 to 4 April 2024

Abstract

This is the Final Surrender Report for EL 32433. It presents a summary of previously-reported exploration over the life of the title since grant on 1 April 2021, and a description of work conducted during the reporting period from 1 April 2023 to cessation of title on 4 April 2024. EL 32433, along with EL 32434, comprised the Moonlight Project, approximately 85 km west of Daly Waters. EL 32433 was intended to have been the subject of a focused program of exploration to assess the potential of the vanadium-rich lateritic duricrust. Exploration over the life of the title included desktop studies, including detailed assessment of previous exploration. During the most recent reporting period six soil samples were collected and analysed, and aerial imagery was purchased. In 2023 the Company announced that it was now recognising its Speewah (WA) Project as Tivan's flagship project, and was prioritising Speewah development planning as the core mission of the Company. Given the priority focus on Speewah, the Company made the decision to relinquish EL 32433. Enigma Mining Limited surrendered all rights and interest in EL 32433 on 27 March 2024; cessation of the title occurred on 4 April 2024.