Highlights

  • Tivan shares rose 1.39% on 15 April 2026, extending yearly gains to 231.82%.
  • Memorandum of Understanding with Sumitomo Corporation extended to 30 June 2026.
  • Discussions progressing toward a potential joint venture for Molyhil Project.
  • Scoping Study targeted for completion by 30 April 2026.
  • Drilling underway to expand existing tungsten resource base.

Tivan Ltd (ASX:TVN) shares increased 1.39% to AUD 0.36 on 15 April 2026, with the stock maintaining a favourable 231.82% gain over the past year. Today’s modest upward movement follows the company’s announcement of an extension to its existing Memorandum of Understanding (MoU) with Sumitomo Corporation, relating to the development of the Molyhil Tungsten Project.

The update highlights continued progress in advancing the project toward potential joint venture development, with ongoing discussions, exploration activity, and upcoming study milestones forming part of the company’s broader strategy.

About Tivan: A Diversified Critical Minerals Developer

Tivan Limited is a diversified critical minerals company with a portfolio of projects across Australia and internationally. Its assets include the Speewah Fluorite Project in Western Australia, which is being developed as a joint venture with Sumitomo Corporation and JOGMEC, alongside the Molyhil Tungsten-Molybdenum and Sandover Fluorite projects in the Northern Territory.

The company is focused on supplying critical minerals essential for industries such as semiconductors, electric vehicles, and advanced manufacturing. Through strategic partnerships and project development initiatives, Tivan aims to establish long-term production capabilities across its asset base.

MoU Extension Supports Continued Joint Venture Discussions

A key component of the latest announcement is the extension of the Memorandum of Understanding between Tivan and Sumitomo Corporation for the Molyhil Tungsten Project. Originally set to expire on 15 April 2026, the agreement has now been extended through to 30 June 2026.

Under the MoU, both parties have been engaging in discussions regarding potential collaboration across multiple aspects of the project. These include exploration, development planning, funding, construction, marketing, distribution, and operational activities.

The extension provides additional time for both companies to continue advancing these discussions, particularly in relation to structuring a potential joint venture arrangement. According to the update, progress has already been made toward defining a possible joint venture structure.

Advancing Toward a Multi-Party Joint Venture Structure

Tivan has indicated a preference to develop the Molyhil Project through a joint venture model. This approach is intended to leverage the capabilities of strategic partners while reducing the need for significant capital contributions solely from Tivan.

The company is working toward establishing a “Key Terms Memorandum of Understanding” prior to 30 June 2026, which would form the basis for more detailed and binding joint venture agreements. This framework is expected to guide the next phase of project development, including regulatory processes such as approvals from the Foreign Investment Review Board.

In addition to its engagement with Sumitomo Corporation, Tivan has also initiated discussions with other potential partners regarding participation in the joint venture structure. These discussions remain at an early stage, and the company has indicated that further updates will be provided as material developments occur.

Scoping Study Progress and Development Timeline

Alongside the MoU extension, Tivan is progressing a Scoping Study for the Molyhil Project, which is expected to be completed by 30 April 2026. The completion of this study is a key milestone in evaluating the technical and economic viability of a proposed mining and processing operation at the site.

The company has noted that it intends to publish the outcomes of the Scoping Study before taking further steps in formalising joint venture arrangements. This approach is designed to provide a clearer foundation for negotiations and project planning.

Tivan is also advancing project facilitation activities in parallel, working with the Northern Territory Government and the Central Land Council. These efforts are aimed at supporting future development approvals and progressing toward a potential final investment decision targeted for 2027.

Exploration Activity Targets Resource Expansion

In parallel with development planning, Tivan has commenced on-site exploration activities at the Molyhil Project. The company’s geology team has mobilised to the site and initiated drilling of high-priority tungsten targets.

These targets were identified through a ground gravity survey conducted in late 2023, with the objective of expanding the project’s existing resource base. Additional geophysical surveys are also being undertaken to refine exploration targeting and support future drilling programs.

The focus on resource expansion aligns with the company’s broader strategy of enhancing the scale and potential value of the Molyhil Project as it progresses toward development.

Molyhil Project Resource and Location Overview

The Molyhil Tungsten Project is located approximately 220 kilometres north-east of Alice Springs in the Northern Territory, adjacent to the Sandover Fluorite Project.

The project hosts a JORC Code (2012) Mineral Resource Estimate of:

  • 4.647 million tonnes
  • 0.26% WO₃ (tungsten trioxide)
  • 0.09% molybdenum

This equates to contained resources of:

  • 12,100 tonnes of WO₃
  • 4,400 tonnes of molybdenum

Tivan acquired 100% ownership of the Molyhil Project, completing the acquisition in January 2026. Since then, the company has been advancing both technical studies and strategic partnership discussions to support its development pathway.

Early Marketing and Customer Engagement Underway

As part of its broader commercial strategy, Tivan has also initiated early-stage marketing activities for the Molyhil Project. Company representatives have engaged with potential end-use customers during recent visits to Japan.

These interactions have included discussions around future product supply, with Tivan planning to provide product samples to prospective customers. The company is targeting Q3 2026 as a potential timeframe to commence delivery of such samples.

This early engagement with customers is aimed at establishing demand channels and supporting future marketing and distribution arrangements as the project progresses.

What This Means for Investors?

The latest update reflects continued progress across multiple fronts for the Molyhil Tungsten Project, with the extension of the MoU providing additional time to advance joint venture discussions with Sumitomo Corporation. The development of a potential multi-party joint venture structure remains central to Tivan’s strategy, as it seeks to balance project advancement with capital efficiency.

At the same time, the company is progressing key technical and operational milestones, including the completion of a Scoping Study by the end of April 2026 and ongoing exploration drilling aimed at expanding the existing resource base. These activities contribute to building a more comprehensive understanding of the project’s potential and support future development decisions.

The combination of continued partner engagement, active exploration work, and upcoming study results provides a structured pathway toward the next stages of project development. The modest share price movement on the day suggests that the market is factoring in steady progress, while the longer-term share performance reflects sustained investor interest in the company’s critical minerals portfolio.