TIVAN LIMITED — AGM Information 2024

Nov 27, 2024

Annual General Meeting 28 November 2024

Butler Lane Events, 2-6 Shelley Street Richmond VIC 3121 4:30pm

Tivan: Our New Mission

Tivan is building a strategically important company across northern Australia

Figure 1: Tivan's tenements, resources & projects

Tivan: Speewah Fluorite Project – Proposed Joint Venture

• Landmark Strategic Alliance Agreement, announced on 7 June, to proceed to Joint Venture in 2024.
• Sumitomo Corporation:
• Fortune Global 500 Company
• Big 5 sogo shosha
• Part of Sumitomo Group
• 400 year business philosophy
• Active collaboration with government agencies of Australia and Japan.
• Proposed Joint Venture provides for security of supply of low arsenic acidgrade Fluorspar for Japan & to Asian markets.

Figure 2: Proposed Joint Venture structure. Subject to agreement of binding term sheet.

4

Tivan: Speewah Fluorite Project: Updated Schedule

Figure 3: Project schedule

Tivan : Strengthening the Resilience of Vital Supply Chains in Asia

• Fluorspar is a vital feedstock to critical geo-strategic industries in Asia, most notably semiconductor manufacturing and EV batteries.
• China has depleted high quality reserves over the past two decades, with customs -cleared data confirming its transition to the world's largest net importer of Fluorspar.
• This transition has imparted upward pressure on acidspar and metspar prices in Asia, a trend that is expected to continue as demand intensifies in key imports markets such as India, Japan and Korea.
• The Trump II administration is expected to levy significant tariffs on Chinese exports to the US, raising the likelihood of countermeasures by China in Asian supply chains.
• Speewah represents a trusted source of supply of Fluorspar with close proximity to Asian markets that will strengthen the resilience of vital supply chains & bilateral trading relationships.

Source: Exante Data, UN ComTrade, GACC Figure 4: China's imports of Fluorspar have surged, whilst exports have moderated

Tivan: Sandover Fluorite Project – Acquisition

• On 21 November, Tivan announced the acquisition of Australia's highest grade Fluorite prospect, drilled in the 1970s.
• The acquisition is highly synergistic, enabling Tivan to leverage multiple workflows and capabilities associated with the Speewah Fluorite Project and the Sandover Project.
• Grade, metallurgy, depth & size all appear to be highly favourable to resource definition & project development.
• Tivan on track to be Australia's sole supplier of acidgrade Fluorspar to Japan and Asian markets, lending strategic importance.
• Tivan to commence field works in

December, with assays due in January. Figure 5: Subdivision of EL22349, to create the Sandover Fluorite Project Blue: subdivided to Tivan. Green: Tivan has rights to explore for Fluorite.

Tivan : Sandover Project

• exploration alliance with EARTH AI.
• Approvals secured for ground -disturbing works with CLC and NT Government.
• Close proximity to Sandover Fluorite Project.
• High-grade Lead/Silver at Aileron the near term priority.
• Exploration drilling and geophysical program co -funded by NT Government grant.
• Figure 6: Sandover Project tenement map Industry leading Artificial Intelligence • Commencement of works in Dec/Jan, subject to weather & pastoral station activities.

Tivan: Competing Vanadium Technology Pathways ¹¹

1. Tivan+: R&D Collaboration with CSIRO

Figure 7: TIVAN+ testwork results have been outstanding & supportive of long-run collaborative efforts in VRFB & green steel.

2. Salt Roast Vanadium Electrolyte Testwork with UNSW/Sumitomo Electric Industries (2024 - 2025)

July.	August	September	October	November	December	January
	Downstream Purification and Vanadium Precipitation
					Vanadium Electrolyte Works

Figure 8: Speewah's salt roast testwork program has generated globally superior Vanadium recovery rates.

Tivan: Balance Sheet Restoration is Complete ¹³

Figure 9: Tivan's capital raisings

Date	Structure	Amount Raised	Discount (10 day VWAP)	New Institutional Shareholders
12 Jul 2023	Placement + SPP	$$5 + $1m$	$2.7\%$	4
8 Dec 2023	Placement	\$2m	$7.0\%$	5
22 Mar 2024	Convert + Placement	Convert: \$2.8m first tranche, \$8.4m on mutual consent. Placement: \$1.2m	11.2%
3 Jul 2024	Placement	\$4.5m	10.4%	b
5 Sep 2024	Entitlement Offer	\$7.5m	4.3%

Figure 10: Tivan's quarterly use of funds, \$'000

		TNG		TVN
		2022			2023		2024
Cost Area	Q 2	Q3	Q 4	Q 1	Q 2	Q3	Q4	Q 1	Q 2	Q3
Staff	\$455	\$489	\$1,432	\$322	\$359	\$345	\$339	\$454	\$282	\$421
Administration, corporate	\$600	\$652	\$349	\$863	\$724	\$898	\$659	\$685	\$731	\$605
Entities	$$ -$	$$-$	$$-$	\$2,500	$$-$	\$2,500	$$-$	\$1,000	$$-$	\$1,600
Tenements	$$-$	\$625	$$-$	\$200	$$-$	$$-$	$$-$	$$-$	\$481	\$247
Property, plant, equipment	\$2	\$96	\$25	\$36	\$59	\$50	\$22	$$-$	\$19	\$31
Engineering, exploration, evaluation	\$2,123	\$3,460	\$1,508	\$808	\$718	\$1,301	\$938	\$1,265	\$1,641	\$2,233
Cost ex Acquisitions	\$3,180	\$5,322	\$3,314	\$2,229	\$1,860	\$2,594	\$1,958	\$2,404	\$3,154	\$3,537
	TNG average		\$3,939					TVN average		\$2,534

Tivan: Superior Capital Efficiency at Tivan

• Tivan's efficiency & productivity is illustrated by the incremental addition in Shares on Issue rebased at the change of control date to 100mn shares.
• On this basis, Shares on Issue have increased 36% over 2 years, inclusive of the fully funded acquisitions of Speewah and Sandover.
• Tivan's capital efficiency is unrivalled in the junior resources sector in Australia.

Figure 11: Tivan shares on issue, rebased to 100 million as at change of control

Tivan:

Technical Advisory Group

Dr Maria Skyllas-Kazacos
Emeritus Professor University of NSW

Simon Flowers Consultant

Grant Wilson Executive Chair

Dr Anthony Robinson
Non-Executive Director Christine Charles Non-Executive Director

Board of Directors

Guy Debelle

Non-Executive Director

Nicholas Ong
Company Secretary

Dr Ellin Lede Head of Northern Australia

Stephen Walsh Chief Geologist

Brendon Nicol Process Manager

Michael Christ Project Manager

Jason Giltay
Chief Financial Officer

Katrina Arratoon VP-Engagement

Coming Soon

Michael Fuss
Senior Geologist

Coming Soon
Geologist

Alex Botterill
Process Engineer

Coming Soon
GM Finance

Mousumi Chaudhury Financial Controller

Lina Soedarto Accountant

Disclaimer: Reliance

Reliance and Forward Looking Statements

In all cases, this presentation is provided on the basis that the recipient will conduct their own investigation and analysis of the information set forth in this presentation independently and without reliance on Tivan Limited or any of its respective affiliates, agents and advisors. While reasonable care has been taken in preparing this information, and while all information provided in this presentation has been provided in good faith and has been obtained or derived from sources believed to be re liable, Tivan Limited has not in any way verified or audited the information in this presentation. The information in this presentation has not been independently verified and informatio n from outside sources referred to in this presentation has not been verified by Tivan Limited or their representatives. Accordingly, Tivan Limited or its respective related bodies corporate, affiliates directors, officers, employees and associates make no representation, guarantee or warranty, whether express or implied, that the information contained in this presentation has been audited or independently verified, or is complete, accurate or reliable, accepts no responsibility arising in anyway (including by reason of negligence) for errors or omissions , and assume no liability in respect of the authenticity, origin, validity, completeness, reasonableness or accuracy of, or for any errors in or omissions from, the information, statements, o pinions and comments contained herein.

This presentation may contain certain 'forward looking statements' which may not have been based solely on historical facts, but rather may be based on Tivan Limited's current expectations about future events and results. The words "expect", "anticipate", "estimate", "intend", "believe", "guidance", "should", "could", "may", "will", "predict", "plan" and other similar expressions may identify forward‐looking statements.

Forward-looking statements contained in this announcement include, but are not limited to: the strengths, characteristics and potential of Tivan Limited and discussion of future plans, projects and objectives. Where Tivan Limited expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions, and other factors which are beyond the control of Tivan Limited, which could cause actual results to differ materially from future results expressed, projected, or implied by such f orward looking statements. Such risks include, but are not limited to third party actions, metals price volatility, currency fluctuations and variances in exploration results or other factors, as well as political and operational risks, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see Tivan Limited's Annual Reports, as well as Tivan Limited's other releases.

Forward‐looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance.

No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this announcement. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which these statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and, except as required by law, Tivan Limited, its directors, officers, agents, employees and advisers do not undertake any obligation to release publicly any update or revision to any 'forward looking statement' to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events.

Competent Person's Statement

Speewah Fluorite Exploration Results

The information in this presentation that relates to exploration results for the Speewah Fluorite Project has been extracted from the Company's previous ASX announcements entitled "Pre-Feasibility Study for Speewah Fluorite Project" dated 30 July 2024 and "Commencement of Drilling at the Speewah Fluorite Project" dated 8 November 2024. Copies of these announcements is are available at www.asx.com.au or www.tivan.com.au/investors/asx-announcements/. The Company confirms that it is not aware of any new information or data that materially affects the information included in those announcements. Tivan confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from those announcements.

The information in this announcement that relates to exploration results, exploration target, geology, mineral resources and metallurgical testwork is based on information compiled and reviewed by Stephen Walsh, a member in good standing of the Australasian Institute of Mining and Metallurgy. Stephen Walsh is a geologist who has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity being undertaken to qualify as a "Competent Person", as defined in the 2012 Edition o f the Australasian Code for Reporting of Exploration Results, Exploration Target, Mineral Resources and Ore Reserves and consents to the inclusion in this report of the matters b ased on information in the form and context in which they appear. Stephen Walsh is an employee of Tivan.

Registered Office Level 1, 16 Bennett Street, Darwin City the Northern Territory, 0800

Contact +618 9327 0900 engagement@tivan.com.au

Tivan Limited ABN 12 000 817 023 ASX Code: TVN

tivan.com.au