Annual and Final Technical Report Exploration Licence 31896 for the period 7 March 2024 to 2 July 2024

Abstract

This is the Final Surrender Report for EL 31896. It presents a summary of previously-reported exploration over the life of the title since grant on 7 March 2019, and includes a description of work conducted during the reporting period from 7 March 2024 to cessation of title on 2 July 2024. EL 31896 was located approximately 200 km north of Alice Springs. It was acquired on the basis that it may contain a very large calcrete deposit. There has been very limited historical exploration conducted in the area covered by EL 31896. Between March and August 2022 prospecting for pegmatites was conducted over the title, without success. No exploration was conducted over the title during the period from 7 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 31896. Enigma Mining Limited surrendered all rights and interest in EL 31896 on 27 June 2024; cessation of the title occurred on 2 July 2024.