Tivan Resources has expanded its foothold in Australia’s critical minerals sector by securing full ownership of the Molyhil tungsten-molybdenum project, located about 220 kilometers northeast of Alice Springs in the Northern Territory.
This project sits adjacent to Tivan’s existing Sandover Fluorite Project, offering promising opportunities for integrated development.
The Molyhil site contains substantial deposits of tungsten and molybdenum, minerals vital to industries such as defence, electronics, automotive manufacturing, and clean energy. Both minerals are considered critical worldwide and face export restrictions from China, which increases the strategic importance of local sources like Molyhil.
Mining activity at Molyhil dates back to the 1970s when small-scale open pit operations took place. Since then, further studies have confirmed the project’s strong potential, with recent estimates indicating over 12,000 tonnes of tungsten and 4400 tonnes of molybdenum in the deposit.
The total acquisition cost is $8.75 million, to be paid partly upfront and partly over the next three years, with payments made in cash or shares.
By bringing Molyhil fully under its control, Tivan positions itself to advance a high-value critical minerals project that aligns well with its existing assets. The company also stands to benefit from its established relationships with the Northern Territory and federal governments, as well as with partners in Japan, helping to facilitate project development, financing, and marketing.
“Tivan is the natural owner of the Molyhil Project,” Tivan executive chairman Grant Wilson said.
“We have the capabilities, standing and determination required to lift the project out its prolonged orphan phase and into production in rapid time.
“At current commodity prices the first couple of years of mining would be extraordinarily profitable, enabling Tivan to optimally finance the development of an iconic critical minerals precinct in central Australia.”
Want to connect with the mining industry, register to attend AIMEX and WA Mining Conference.
