Tivan (ASX:TVN) has completed the acquisition of 100% of the Molyhil Tungsten–Molybdenum Project in the Northern Territory, located about 220km north-east of Alice Springs and adjacent to its Sandover Fluorite Project, following a binding agreement signed in September 2025.
The acquisition, valued at $8.8 million, gives Tivan control of a JORC Code (2012) mineral resource of 4.647 million tonnes at 0.26% tungsten trioxide and 0.09% molybdenum, containing an estimated 12,100 tonnes of tungsten trioxide and 4,400 tonnes of molybdenum.
The company is advancing development planning in parallel with exploration, including a drilling program scheduled for March targeting resource expansion, while progressing commercial studies, environmental approvals and metallurgical testwork.