en.Wedoany.com Reported - Tivan has received funding from the Northern Territory Government of Australia to advance exploration drilling at the Molyhil tungsten project, as the company simultaneously progresses plans to expand the resource base at the deposit and development studies.

The funding comes from the Northern Territory Government's Round 19 Geophysics and Drilling Collaborations (GDC) program, amounting to $141,237. This program is a competitive grant initiative funded by the Resourcing the Territory program and administered by the Northern Territory Geological Survey.

The funds will be used for three diamond drill holes totaling approximately 600 meters at the Molyhil mine site, located about 220 kilometers northeast of Alice Springs.

The drilling program aims to test Molyhil-style tungsten-molybdenum magnetite skarn mineralization, associated with a series of coincident gravity and magnetic anomalies identified through detailed geophysical interpretation and 3D modeling. Tivan stated that drilling will evaluate the source and extent of these anomalies and assess their potential to generate additional mineralization beyond the existing Molyhil deposit.

The project is currently undergoing a pre-feasibility study, focusing on proposed mining and processing operations aimed at producing scheelite and molybdenite concentrates for export markets. In April 2026, Tivan released a scoping study that confirmed the project's technical and economic robustness based on assumed conditions.

Phase 1 drilling at the Molyhil project has been completed, targeting four tungsten prospects, with assay results expected to be released soon. Geophysical surveys for the project and the Sandover fluorite project have also been completed, with results anticipated shortly. Tivan is currently advancing approvals and planning for Phase 2 drilling, including applying for an environmental (mining) permit from the Northern Territory Government.

The company plans to commence Phase 2 drilling in July 2026, which will encompass exploration, resource definition, metallurgical, geotechnical, and hydrogeological drilling. Additionally, Tivan confirmed that joint venture discussions with Sumitomo Corporation have made further progress following the extension of a memorandum of understanding covering the development, financing, marketing, and operation of the Molyhil project.

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