Tivan Limited announced significant progress in its infrastructure planning for the Speewah Fluorite Project, marking another step toward establishing Australia’s first fluorite mining and processing operation. The company is advancing a revised access road alignment that shortens the travel distance from the existing 47km of natural terrain tracks to a more direct approximately 37km route. This new route, identified following in-depth conceptual assessments by engineering experts, avoids culturally sensitive areas such as Liyama Spring and Liyama Gorge and minimizes disruptions to the local Aboriginal communities. The development of the access road supports the ongoing Feasibility Study of the project, which is being executed in a joint venture with Sumitomo Corporation. The announcement detailed a series of technical and administrative milestones that underpin the revised access road project. These include comprehensive desktop and field geotechnical mapping to plan future ground investigations, submission of applications for three new Miscellaneous Licences covering the revised area, and the resolution of related Native Title Act notifications. Tivan Limited has strengthened its community engagement through Resourcing Protocol Agreements with local Aboriginal corporations and native title claim groups, setting the stage for future negotiations on Indigenous Land Use Agreements. Moreover, the company confirmed the commencement of an extensive drilling program with up to 335 drill holes totaling roughly 35,000 meters, with an updated Programme of Work receiving regulatory approval in May 2025. Bullish sentiment arises from these clear advances in both technical planning and crucial stakeholder engagement. The streamlined revised access road, successful resolutions with native title bodies, and regulatory approval for the expanded drilling program are positive indicators that the project is moving forward on schedule. These developments could enhance confidence among investors and boost expectations for improved production and export potential in global markets. Conversely, bearish factors include the inherent complexities in negotiating with multiple traditional owner groups and managing culturally sensitive environmental areas. While the company’s proactive engagement efforts are commendable, any delays or unforeseen challenges arising from community or regulatory concerns could impact overall project timelines and costs. Investors should monitor future progress in rehabilitation planning and ILUA negotiations as potential areas of risk amid the promising technical developments.