https://www.aumanufacturing.com.au/tivan-vanadium-process-sparks-...

https://www.aumanufacturing.com.au/tivan-vanadium-process-sparks-developer-interest

Vanadium developer Tivan said it had received significant third-party interest in in its Tivan hydrometallurgical mineral processing technology since the publication of the CSIRO testwork results in May 2024.

The company is developing the technology, based on IP licenced from CSIRO, to extract battery material vanadium and other minerals at its Mount Peake vanadium-titanium-magnetite iron (VTM) project in the Northern Territory and the Speewah project in Western Australia.

Executive Chairman Mr Grant Wilson told investors: “A common feature of this interest has been the potential utility of the TIVAN+ technology to produce high purity vanadium and direct reduced iron (DRI) / green steel.

“Tivan is reviewing these opportunities for collaboration in conjunction with CSIRO.

“This includes a scoping level review of a local VTM asset held by an A-list Australian counterparty located in close proximity to a major industrial zone.”

Tivan, which has just completed a Vanadium Technology Pathway Review, expects to determine whether to pursue the opportunity in Q4.

Tivan is also advancing negotiations with government regarding facilitation and funding to support the development of a TIVAN+ Pilot Plant.

Vanadium is the precursor for vanadium pentoxide used as the electrolyte in vanadium redox flow batteries known for their advantages in stationary uses

Wilson said: “The principal purpose of Tivan’s vanadium technology review was to consolidate the material progress we have made over the past eighteen months and to promote competitive tension between the two development pathways.

“The review has once again confirmed Speewah’s credentials as a world-class vanadium resource and has highlighted the significant commercial synergies that will be generated by the successful delivery of the Speewah Fluorite Project.

“The stellar testwork results for salt roast have kept the traditional technology pathway in the frame at Speewah.”

Tivan previously announced testwork outcomes for both TIVAN+ and salt roast technologies had delivered excellent results confirming the amenability of processing Speewah concentrate for both pathways at bench-scale.

Further reading:
Tivan positioned to deliver fluorite critical minerals project
Tivan partners with CSIRO on critical minerals processing technology