The Board of Tivan Limited advised that the Company has established a Technical Advisory Group ("TAG" or the "Group") to provide independent technical advice to facilitate the progression of the Company's vanadiferous titanomagnetite projects (Speewah and Mount Peake). The Group bolsters Tivan's firmwide skills matrix across a range of fields directly relevant to the Company's project and commercial interests. These include mining and extraction, engineering and construction, critical minerals processing and renewable energy technologies. The Board is delighted with the outstanding calibre and professional standing of the Group's initial two external members, Mr. Stéphane Leblanc and Mr. Simon Flowers (see section below for further details). The Board views the formation of the Group as an important milestone for Tivan, and as strong industry endorsement of the significant changes that have been pursued and executed this year. Further, the Board views TAG as an important initiative in broadening Tivan's corporate profile on a global basis, consistent with its strategic mission. The Board has established a Governance Charter to provide appropriate oversight for the function of the Group and may request independent briefings from the Group on specific matters from time to time. The Group will be overseen and chaired by Tivan's Executive Chairman, Mr. Grant Wilson. The Group will meet on a regular basis, and individual members will interact with Tivan's executive and project teams on an ongoing basis. The Group's membership is determined by Tivan's Board. In establishing the initial membership, priority has been given to Tivan's project requirements, including the facilitation of the proposed TIVAN® Pilot Plant and the TIVAN® Processing Facility proposed at the Middle Arm Sustainable Development Precinct in Darwin. Priority has also been given to enhancing Tivan's commercialization pathways, in both vanadium and titanium, mindful of the significant changes that are occurring across the critical minerals sector in Australia and globally. As noted, two initial external appointments have been made to the Group, Mr. Stéphane Leblanc and Mr. Simon Flowers, with a third founding member expected to join in the weeks ahead. Stéphane formerly served as Managing Director, Rio Tinto Iron & Titanium (RTIT) with operational, commercial and marketing responsibility for RTIT. Based in Montreal, Canada, he additionally led a broad range of innovative
demonstration plants, most recently including decarbonisation of ilmenite, production of lithium concentrate and recovery of scandium oxides. Prior to this assignment, he was the Managing Director for Kennecott Utah Copper, as well as Kennecott's Chief Operating Officer. He also held the role of General Manager at Rio Tinto Alcan's Sebree smelter in Kentucky. Stéphane worked with Rio Tinto for over 30 years where he held roles in operations management and health, safety and environment (HSE), including two years as Global Head of HSE for the Alcan smelter group. Stéphane is a senior mining executive renowned for leveraging extensive global operations and functional leadership across diverse mining sectors. He is an influential, innovative and safety award winning leader, with a track record of delivering transformational change and cultivating HSE and ESG as values. He has proven capability to align resources, facilitate cohesion and empower teams to deliver on aggressive targets. He has deep expertise in developing strategic plans to increase business value and to respond rapidly to business changes in complex context. Stéphane attended the University of Sherbrooke in Quebec where he graduated with a Bachelor of Science degree in Mechanical Engineering. Simon is a chartered engineer and project delivery professional specialising in the development and delivery of sustainable solutions for the industrial sector. Simon spent seven years in the United Kingdom advising and delivering ERP projects on large infrastructure developments. He led an international team for twelve years with US energy firm ConocoPhillips where he was responsible for delivering strategic business change initiatives and programmes of engineering projects on onshore and offshore hydrocarbon processing facilities. Simon is a born and bred Territorian and in his recent role he led the NT Government's team that was accountable for the strategic direction, design and delivery of land and marine infrastructure and Northern Australia's first Strategic Environmental Assessment of the Middle Arm Sustainable Development Precinct (MASDP). The precinct development delivers a comprehensive road map to support critical minerals, low emissions hydrocarbon processing and hydrogen production facilities. Simon is currently the Director and Principal of Sustainergy Consulting Pty Ltd, specialising in improving environmental, social and economic outcomes for industry and he is currently finalising a Masters of Sustainable Energy Development (MSE) at the University of Queensland. He serves as the deputy president of Engineers Australia Northern Division and serves on Engineers Australia National Congress.