Tivan Limited has released the Scoping Study for its Molyhil Tungsten Project in the Northern Territory, outlining a development pathway for a proposed tungsten and molybdenum mining operation in central Australia.
The study represents the first major technical assessment completed by Tivan since acquiring 100% ownership of the Molyhil Project in January 2026. According to the company, the study draws on extensive historical exploration, engineering and metallurgical work, while incorporating updated technical reviews and commercial assessments undertaken since the acquisition.
Located approximately 220 kilometres north-east of Alice Springs, the Molyhil Project is a brownfield tungsten-molybdenum development project with an established history of exploration and project evaluation. Tivan stated that the project benefits from a high level of prior technical work, including mineral resource definition, metallurgical testwork and previous feasibility studies. The company said this foundation has enabled the preparation of a technically mature Scoping Study and supports an accelerated development pathway.
First-moving critical minerals project in Central Australia, with project facilitation supported by Tivan’s local presence and strong standing in the Northern Territory
Brownfield project with extensive historical testwork and samples enabling Tivan to materially de-risk the Project from early stages and establish a robust fast-track project delivery schedule
Previous mining activity and small-scale ensures low project impacts, assisting with regulatory approvals for environment and water extraction
High value critical minerals with low production volumes, ensuring low total haulage costs from Molyhil to port and onward to mid-stream manufacturers, with options to warehouse product
Structurally scarce critical minerals, with multiple use cases across vital supply chains in Asia, including semiconductors, machine tools and defence applications
Memorandum of Understanding with Sumitomo Corporation, Tivan’s Joint Venture partner at the Speewah Fluorite Project, for collaboration in exploration, development planning, funding, construction, marketing and distribution, and operation
Progress toward multi-party Joint Venture agreements, with ‘key terms Memorandum of Understanding’ targeted for June 2026
Strong alignment with the Australian Government’s Critical Minerals Strategy, including Tivan’s international partnerships in Japan and the opportunity to bring economic benefits to a remote region of Australia
Opportunity to leverage Tivan’s operational capabilities in engineering, metallurgy, geology, finance and project facilitation
High quality JORC (2012) Mineral Resource definition, inclusive of Measured Resource category at 25% of the total resource, with pathway to upgrade the Inferred Resource category before final investment decision
World-class, Tier 1 tungsten grades, especially in early years of mining, supportive of accelerated payback period
High-grade molybdenum co-product, further supporting project economics and offtake opportunities as a second high value critical mineral
Advanced testwork, confirming highly liberated scheelite characteristics, with multiple processing options across gravity and flotation supporting the achievement of target recovery and grade
Onsite processing of critical minerals, capturing value-add onshore and strengthening mineral processing capabilities
Product samples set to be received by benchmark customers in Asia, leveraging mid-stream networks of Tivan’s strategic partner, Sumitomo Corporation
Significant resource expansion opportunity, with drilling of near-pit high priority targets commencing in April 2026, to be followed by regional geophysical surveys, in addition to drilling at depth below the existing pit outline
Option to transition to underground mining at Year 7, enhancing project economics and extending Life of Mine
Rapid project delivery schedule, with final investment decision targeted in 2027
Strong relationships with the Central Land Council, Traditional Owners and Native Title Holders, with Mineral Exploration Deeds and Sacred Site Clearance Certificates, and a path-breaking Community Development Initiative, finalised at the Molyhil project area between 2024 and 2026, emphasising Tivan’s commitment to principles of genuine inclusion and
durable alignment
Significant positive economic and social impacts in the Harts Range region, one of the most remote regions in Australia, supporting significant economic multiplier effects
Optimal market entry point in tungsten, amid market disruption and segmentation, supportive global policy interventions, and highly supportive commodity prices
Low capital intensity, with accuracy of engineering design supported by historical mining activities and GR Engineering Services, a leading process engineering consulting and contracting company
Low C1 costs, reflecting high tungsten grades, byproduct revenue credits from production of 51% Mo byproduct, excellent accessibility of ore and low sustaining capital costs
Exceptionally strong economic fundamentals, with upside potential through resource expansion and potential downside protection through prospect of government stockpiling and / floor prices
Fast-track project schedule providing opportunity to benefit from elevated commodity prices, including through early offtake negotiations and potential for pre-sales and forward hedging
Strong potential for government support under existing critical minerals facilities and programs for regional infrastructure
Pre Feasibility Study scheduled for 2026, with fast-track direct to Definitive Feasibility Study and Final Investment Decision in 2027, supportive by historical testwork, coordinated approval pathway and early-stage project financing opportunities
Opportunity to develop regional and site infrastructure, enabling synergies for future projects in the region, notably the Sandover Fluorite Project
Tivan completed the acquisition of the Molyhil Tungsten Project following an agreement announced in 2025. The project sits adjacent to the company’s broader central Australian project portfolio and forms part of its strategy to develop critical minerals assets in northern Australia.
The Molyhil Project contains tungsten and molybdenum mineralisation and has been the subject of exploration and development studies for more than a decade. Historical work has included drilling programs, resource estimation, metallurgical testwork, environmental studies and feasibility assessments.
An updated Mineral Resource Estimate completed in 2024 reported a resource of 4.65 million tonnes grading 0.26% tungsten trioxide (WO3) and 0.09% molybdenum. The resource estimate also reflected increased confidence levels following verification drilling and technical review programs.
Tivan has stated that the project’s brownfield status provides significant advantages compared with many earlier-stage critical minerals developments. Existing geological information, engineering studies and permitting work have provided a substantial foundation for the company’s current planning activities.
Comment from the Board of Tivan
The Board is pleased to endorse the Scoping Study for the Molyhil Tungsten Project. Molyhil is a compelling opportunity for Tivan to advance a first-moving project in central Australia that can anchor the development of a broader critical minerals precinct. With the support of local and regional stakeholders, and the capabilities we have assembled in the team and with our partners, Tivan is ideally placed to deliver upon this strategic vision, and to create durable value for our
shareholders.
