Tivan Fires Up Work at Molyhil as Critical Minerals Strategy Takes Shape

Tivan (ASX: TVN) has wasted no time putting its stamp on the Molyhil Tungsten and Molybdenum Project in the Northern Territory, launching an initial program of works that marks the first significant step since acquiring the asset in September 2025.

The program is designed to lay the groundwork for a proposed mining and processing operation, with drilling scheduled to kick off in March 2026. Thirteen holes are planned across four high-priority tungsten targets defined by geophysical surveys. These targets exhibit the same geophysical signatures as the known Molyhil deposit and are situated within tenement EL22349.

Importantly, the works go beyond drilling. Tivan is undertaking a comprehensive review of the existing Mineral Resource Estimate, scoped by SRK Consulting, alongside a preliminary commercial and technical assessment that will feed into a planned Pre-Feasibility Study.

Molyhil currently hosts a JORC Code 2012 compliant Mineral Resource of 4.647 million tonnes grading 0.26 percent tungsten trioxide and 0.09 percent molybdenum. This translates to approximately 12,100 tonnes of tungsten trioxide and 4,400 tonnes of molybdenum.

Tivan Executive Chairman Grant Wilson said the Molyhil Project would take shape rapidly in the coming year, bolstered by internal capabilities, supportive Japanese partners, and a strong Northern Territory presence.

“We are very fortunate to have a high-quality drilling campaign already approved by the Central Land Council, expediting timeframes by at least six months,” Wilson noted. “Any additional tonnes at grade for the Molyhil Project will be very welcome.”

The drilling campaign will target areas identified through gravity and magnetic surveys completed in 2023 by Investigator Resources, with support from the Northern Territory Government’s Geophysics and Drilling Collaborations Program. These surveys helped define new tungsten targets exhibiting the same signature as the established Molyhil mineralisation.

Further elements of the program include environmental approvals scoping, led by consultancy EcOz, and a metallurgical testwork plan to refine process flowsheet design. The latter is being overseen by newly appointed Technical Manager Joshua Hirsch, who brings experience from Mipac, Covalent Lithium and Iluka Resources.

Tivan is also updating its land access arrangements with the Central Land Council and is progressing an application for an exploration mining licence to support the upcoming drill and civil works.

On the strategic front, the company is in early discussions with Sumitomo Corporation under a memorandum of understanding signed earlier this month. These discussions may involve development, funding and operational collaboration.

With both tungsten and molybdenum listed as critical minerals by the Australian Government and other major economies, Molyhil is well-positioned within the broader push to establish secure, diversified supply chains for metals essential to defence, semiconductors and clean energy.

Tivan is expected to make a formal decision in the first quarter of 2026 on how it will prioritise Molyhil relative to its other asset, the nearby Sandover Fluorite Project.

Until then, the spadework at Molyhil is well underway — and for shareholders, March cannot come soon enough.