Molyhil drilling boost targets new tungsten zones
What happened
Tivan secured Northern Territory government funding to support a follow-up diamond drilling stage at the Molyhil tungsten project and is planning a short Stage 2 drill program. The program is scoped to test anomalies and supports a near-term mobilization of rigs and rental fleets in the NT, making it an APAC-local demand signal buyers should treat operationally. Watch whether permits and staging align with the planned start window and whether suppliers confirm availability
Why the category manager should care
Treat the funding and Stage 2 plan as a real mobilization signal — plan resource allocation and locking of rental fleets accordingly
Key facts
- Government drill funding awarded for Molyhil project
- Stage 2 to include diamond drilling focused on gravity/magnetic anomalies
- Stage 2 intended to follow completed Stage 1 and requires permitting/staging