Tivan Limited has completed its acquisition of the Molyhil Tungsten-Molybdenum Project in the Northern Territory and is fast-tracking development with a drilling program planned for March 2026 to explore resource expansion.
- Acquisition of 100% of Molyhil Project completed for $8.75 million
- JORC-compliant resource of 4.647 million tonnes at 0.26% WO3 and 0.09% Mo
- Drilling program targeting new mineralisation scheduled for March 2026
- Memorandum of Understanding signed with Sumitomo Corporation for collaboration
- Fast-track development plan aiming for Final Investment Decision by Q4 2027
Strategic Acquisition Completes
Tivan Limited has officially completed the acquisition of the Molyhil Tungsten-Molybdenum Project, located approximately 220 kilometres north-east of Alice Springs in Australia's Northern Territory. This move follows a Binding Term Sheet signed in September 2025 and marks a significant step in Tivan's ambition to establish a critical minerals precinct in central Australia. The project sits adjacent to Tivan’s existing Sandover Fluorite Project, consolidating the company’s footprint in the region.
Resource and Project Overview
The Molyhil Project boasts a JORC Code (2012) Mineral Resource Estimate of 4.647 million tonnes grading 0.26% tungsten trioxide (WO3) and 0.09% molybdenum (Mo), equating to approximately 12,100 tonnes of WO3 and 4,400 tonnes of molybdenum. These metals are critical to several high-tech and strategic sectors including defence, automotive, semiconductors, and clean energy. Both tungsten and molybdenum are recognised on critical minerals lists globally and face supply chain risks due to export restrictions, particularly from China.
Advancing Development and Exploration
Tivan is moving swiftly to advance the project’s development. A drilling program is scheduled to commence in March 2026, targeting high-priority tungsten zones outside the current resource to potentially expand the mineral base. This program follows detailed geophysical surveys that have identified promising targets. Alongside exploration, Tivan has completed a preliminary commercial assessment and is progressing environmental approvals and metallurgical testwork to support a Scoping Study expected by April 2026.
Strategic Partnerships and Community Engagement
In November 2025, Tivan signed a Memorandum of Understanding with Sumitomo Corporation to explore collaboration opportunities for development, funding, and operation of the Molyhil Project. This partnership could provide critical financial and operational support as the project advances. Meanwhile, Tivan continues to engage with the Central Land Council to ensure cultural heritage and land access agreements are respected, with a community development proposal underway aiming for finalisation in early 2026.
Looking Ahead
With a fast-track project schedule targeting a Final Investment Decision by the fourth quarter of 2027, Tivan is positioning Molyhil as a cornerstone asset in Australia’s critical minerals sector. The company has dedicated teams focused on engineering, geology, and project facilitation to maintain momentum. The coming months, particularly the results from the March drilling campaign, will be pivotal in shaping the project’s trajectory and its potential contribution to securing supply chains for these vital minerals.
Bottom Line?
Tivan’s Molyhil acquisition and rapid development push could reshape critical minerals supply, but drilling results will be the true test.
Questions in the middle?
- Will the March drilling program confirm significant resource expansion at Molyhil?
- How will the partnership with Sumitomo Corporation influence project funding and timelines?
- What are the potential regulatory or environmental hurdles that could impact development progress?