Tivan Awarded New Turiscai Copper-Gold Licence in Timor-Leste
Tivan (ASX: TVN) was awarded Exploration and Evaluation Licence MEL2025-CA-ZC004, covering about 50 km2 immediately north of its Turiscai Project in Timor-Leste, through the country's Second Minerals Tender 2025 administered by the Autoridade Nacional dos Minerais. Following formal grant the Turiscai Project expands from seven to eight licences totalling about 394 km2, consolidating the company's regional footprint. Tivan is targeting copper-gold mineralisation of porphyry and VMS style; rock-chip sampling has returned up to 23.1% Cu, 7.19 g/t Au and 6.17% Zn. The company plans geological mapping, surface geochemistry and a magnetic drone survey, with maiden drilling scheduled for the December quarter 2026.