Tivan (ASX:TVN) received high-grade fluorite results across multiple drill holes from its maiden drilling program at the Sandover project in the Northern Territory, completed in December 2025, according to a Wednesday filing with the Australian bourse.
All seven drill holes intersected high-grade fluorite mineralization, with the drill program returning a highest-grade result of 3.4 meters at 71.7% calcium fluoride from nearly 37 meters, the filing said.
Plans are underway for the next stage of drilling, which is expected to start in April, per the filing.
Shares fell 7% in morning trade on Wednesday.