Annual and Final Technical Report Exploration Licence 30483 for the period 13 March 2024 - 2 July 2024

Abstract

This is the Final Surrender Report for EL 30483. It presents a summary of previously-reported exploration over the life of the title since grant on 13 March 2015, and includes a description of work conducted during the reporting period from 13 March 2024 to cessation of title on 2 July 2024. EL 30483, along with six other titles, comprised the Mount Peake Project, approximately 235 km NNW of Alice Springs. The Mount Peake orebody is hosted by a differentiated basic sill. The main focus of the Mount Peake Project in recent times has been evaluation of a potentially world class Fe-V-Ti deposit. Exploration over the life of the title included aerial photography and mapping. No exploration was conducted over the title during the period from 13 March 2024 to 2 July 2024. In 2023 the Company announced that it was now recognising its Speewah (WA) Project as Tivan's flagship project, and was prioritising its development planning as the core mission of the Company. Given the priority focus on Speewah, the Company made the decision to relinquish EL 30483. Enigma Mining Limited surrendered all rights and interest in EL 30483 on 27 June 2024; cessation of the title occurred on 2 July 2024.