Tivan Acquires 4.6Mt Molyhil Resource with 12,100t Tungsten and 4,400t Molybdenum

Strategic Acquisition in Northern Territory

Tivan Limited has taken a decisive step in expanding its critical minerals portfolio by executing a binding agreement to acquire 100% ownership of the Molyhil Tungsten-Molybdenum Project. Located approximately 220 kilometres northeast of Alice Springs, this acquisition from Investigator Resources Limited and Thor Energy Plc marks a significant milestone for Tivan in establishing a high-value minerals precinct in central Australia.

The Molyhil Project boasts a substantial JORC 2012 Mineral Resource Estimate of 4.647 million tonnes grading 0.26% tungsten trioxide (WO3) and 0.09% molybdenum (Mo), translating to contained metals of 12,100 tonnes WO3 and 4,400 tonnes Mo. These metals are critical to sectors such as defence, automotive, semiconductors, and clean energy, underscoring the strategic importance of the project amid tightening global supply chains.

Complementing the Sandover Fluorite Project

Crucially, the Molyhil acquisition complements Tivan's adjacent Sandover Fluorite Project, enabling the company to leverage significant infrastructure, operational, and logistical synergies. Shared access roads, centralized processing facilities, and common utilities such as power and water supply are expected to enhance operational efficiency and reduce capital expenditure. This integrated approach positions Tivan to develop a long-life, multi-commodity critical minerals precinct in the Northern Territory.

The acquisition also includes the assignment of mineral rights on tenements associated with the Sandover Fluorite Project, further consolidating Tivan’s footprint in the region and providing a platform for coordinated development and marketing strategies.

Market Dynamics and Geopolitical Context

The timing of this acquisition aligns with a favourable commodity price outlook. Tungsten and molybdenum prices have surged, driven by supply risks and export restrictions imposed by China, which dominates global production and refining capacity. Since early 2025, China has effectively embargoed exports of tungsten and high-purity molybdenum powders, critical for defence and high-tech industries, prompting strategic stockpiling and supply diversification efforts by Western nations and allies such as Japan.

Tivan’s established relationships with Northern Territory and Federal governments, alongside partnerships in Japan, provide a robust foundation for project facilitation, financing, and offtake marketing. The company’s Executive Chairman, Grant Wilson, emphasised Tivan’s unique capabilities and standing to rapidly advance the Molyhil Project from its prolonged orphan phase to production, capitalizing on the criticality of these minerals.

Technical Foundations and Next Steps

The Molyhil deposit, historically mined in the late 1970s and early 1980s, has undergone extensive drilling and resource estimation updates, most recently by Investigator Resources in 2024. The updated Mineral Resource Estimate reflects a 6% increase in tonnage and a 2% increase in contained tungsten metal compared to previous assessments, supported by rigorous quality assurance and new density measurements.

Looking ahead, Tivan plans to undertake its own Pre-Feasibility Study and metallurgical testwork to validate and optimize the project’s development pathway. This approach ensures alignment with evolving regulatory frameworks and fosters inclusive engagement with Traditional Owners and the Central Land Council, underpinning responsible project advancement.

Financial and Regulatory Considerations

The total consideration for the acquisition is $8.75 million, structured as an initial cash payment of $3.5 million and deferred payments over three years, payable in cash or shares at Tivan’s discretion. Completion is contingent upon regulatory approvals, including mineral title transfers and native title consents, with a six-month deadline for conditions to be met.

Tivan has established a dedicated corporate structure to facilitate financing and project development, reflecting a strategic and methodical approach to unlocking value from this critical minerals asset.