Tivan (ASX:TVN) Uncovers Fresh Molyhil Targets in Exploration Push

Highlights

• Tivan has identified multiple new high-priority exploration targets across the Molyhil and Sandover projects.
• Advanced geophysical surveys have refined the understanding of known mineralisation and revealed new areas for follow-up work.
• The company is progressing drilling, geological mapping, and resource expansion activities alongside regional collaboration initiatives.

Tivan has strengthened exploration at Molyhil through advanced geophysical surveys, uncovering new priority targets while progressing drilling, geological modelling and regional collaboration to support future critical minerals development.

Australia's resources sector continues to attract attention as exploration companies strengthen their project pipelines amid growing demand for critical minerals. Against this backdrop, Tivan (ASX:TVN), a critical minerals developer focused on materials supporting renewable energy, artificial intelligence, and semiconductor industries, has reported encouraging exploration progress at its flagship Northern Territory projects. The update also highlights ongoing activity across the ASX 300, where companies involved in strategic minerals continue advancing long-term development plans.

Exploration program delivers fresh momentum

Tivan has completed a comprehensive geophysical campaign at its Molyhil Tungsten Project and neighbouring Sandover Fluorite Project, revealing several new exploration opportunities that could shape the next stage of resource development.

The work was designed by Mitre Geophysics and combined high-resolution airborne magnetic and radiometric surveying with an extensive ground gravity program. Together, these datasets have provided a more detailed understanding of the geological setting across the project areas.

Rather than relying on historical exploration information alone, the latest surveys have enabled the company to refine existing geological interpretations while uncovering previously unrecognised targets for future investigation.

As a participant in Australia's ASX Metal & Mining Stocks category, Tivan continues expanding its exploration knowledge through advanced geophysical techniques.

Advanced surveys sharpen geological understanding

The recently completed airborne magnetic survey has significantly improved the interpretation of the known Molyhil tungsten deposit.

According to the company, the survey has enhanced mapping of magnetite-rich zones that are closely associated with skarn-style mineralisation. Better definition of these geological features provides greater confidence when assessing nearby exploration opportunities and planning future drilling activities.

Complementing this work, the gravity survey involved thousands of individual measurement stations across the project area.

The survey successfully detected several high-density anomalies displaying characteristics comparable with the existing Molyhil mineralisation, suggesting additional zones may warrant further evaluation.

By combining magnetic and gravity information, Tivan has developed a clearer picture of the geological architecture beneath both exposed and concealed sections of the project.

Priority targets emerge from integrated datasets

One of the most significant outcomes from the exploration campaign has been the identification of several priority Areas of Interest.

The integrated interpretation has outlined ten high-priority targets for future work.

Among these targets, some are located in areas where mineralised geology is visible at surface despite limited historical geochemical sampling. Others lie beneath surface cover and will require more detailed geophysical modelling before drilling decisions are made.

This combination of surface and concealed targets provides multiple pathways for future exploration while broadening the overall exploration footprint at Molyhil.

Resource expansion remains a key objective

The exploration work is not only aimed at discovering new mineralised zones but also at supporting possible expansion around the existing Molyhil resource.

The current mineral resource includes tungsten trioxide and molybdenum mineralisation that has already established Molyhil as one of Australia's notable critical minerals projects.

Detailed inversion modelling and constrained magnetic interpretation are expected to further refine geological understanding around the known deposit.

This work could assist future planning for additional drilling around the existing resource while improving confidence in geological interpretations.

Next phase of field activities begins

With the geophysical surveys completed, Tivan is preparing to transition into the next stage of exploration.

Field teams are expected to begin geological mapping and geochemical sampling across the newly identified outcropping targets. These activities will help validate the geophysical interpretations before any additional drilling programs are undertaken.

Meanwhile, more detailed processing of the airborne and gravity datasets will continue alongside advanced modelling of concealed targets.

This phased approach allows exploration decisions to be supported by multiple technical datasets before further field investment.

Drilling campaign continues to progress

Exploration momentum at Molyhil is also being supported through ongoing drilling activities.

The company expects assay results from its first drilling phase in the near term, providing additional geological information from recently tested areas.

A second drilling phase has already been scheduled, ensuring exploration continues as new information becomes available from both drilling and geophysical interpretation.

The combination of drilling data and updated geological modelling is expected to further strengthen the understanding of mineral distribution across the project.

Regional collaboration strengthens project development

Alongside technical exploration work, Tivan has recently advanced several regional initiatives linked to the Molyhil project.

The company has progressed arrangements relating to its planned joint venture for the Molyhil Tungsten Project while also establishing a collaboration agreement with Aboriginal Investment NT.

These collaborative efforts reflect a broader approach to project development that combines technical exploration with regional partnerships as activities continue across Central Australia.

Critical minerals remain strategically important

Demand for critical minerals continues to shape exploration priorities across Australia's mining sector.

Tungsten is widely used in industrial manufacturing because of its exceptional hardness and heat resistance, while molybdenum plays an important role in strengthening steel and supporting specialised industrial applications.

Fluorite also remains an important industrial mineral with applications across manufacturing and chemical production.

Projects capable of supplying these strategic materials continue attracting industry attention as supply chain diversification remains a focus for global manufacturing sectors.

Looking ahead

Tivan's (ASX:TVN) latest exploration update represents another step in the systematic evaluation of the Molyhil and Sandover projects.

The combination of airborne magnetic surveying, gravity data, geological mapping, drilling and advanced modelling has significantly expanded the company's understanding of the project area while identifying several new exploration priorities.

As additional assay results become available and follow-up exploration progresses, the evolving geological picture will continue guiding future activities across one of the Northern Territory's established critical minerals regions.