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.
In November 2025, Tivan also signed a memorandum of understanding with Sumitomo Corporation to explore potential collaboration on development, funding and operations, as demand for tungsten and molybdenum—both designated critical minerals—continues to grow across defence, automotive, semiconductor and clean energy sectors.
At the time of reporting, Tivan's share price was $0.33.