Titan Minerals (ASX:TTM) expands Dynasty resource to 3.9Moz gold

Titan Minerals has delivered a material upgrade to the Mineral Resource Estimate at its 100% owned Dynasty Gold Project in southern Ecuador, lifting contained gold by 25% to 3.90Moz and silver by 19% to 26.10Moz following a year of targeted drilling.

The updated estimate of 65.6Mt at 1.85 g/t Au and 12.38 g/t Ag consolidates the project’s position as a multi-deposit gold silver system anchored by the Cerro Verde deposit.

Highlights

• Total resource increased to 65.6Mt at 1.85 g/t Au and 12.38 g/t Ag

• Contained metal of 3.90Moz gold and 26.10Moz silver

• Gold resource increased by 780koz or 25% from July 2023 estimate

• Cerro Verde deposit accounts for 50.8Mt at 1.66 g/t Au and 9.89 g/t Ag

• Mineralisation remains open laterally and at depth across all deposits

• Drilling to recommence targeting resource growth and conversion

Geologically, Dynasty is defined by an epithermal gold silver system overprinted by porphyry-style mineralisation at the Kaliman prospect, with mineralisation extending over approximately 10km of strike and 3km width, and structurally controlled quartz sulphide veins and stockwork zones forming the backbone of the resource model.

The Cerro Verde system alone extends over approximately 1.5km to 2.0km along strike, with drilling confirming continuity from surface to depths of up to approximately 670m.

The updated resource is reported within an open pit optimisation using US$4,200/oz gold and US$75/oz silver, with 94% of the resource contained within the pit shell and reported at a 0.5 g/t Au cut-off for epithermal mineralisation.

Material below the pit shell is reported at a 1.5 g/t Au cut-off and considered to have potential for underground extraction.

Importantly, 47% of the Cerro Verde resource sits within the top 100m and 76% within 200m of surface, indicating a substantial near-surface component, while oxide material accounts for 27% of the resource, totalling 12.1Mt at 1.88 g/t Au, which is relevant in the context of processing pathways and potential early-stage development options.

Titan has framed the update as a function of disciplined drilling and geological refinement rather than step-change discovery. As CEO Melanie Leighton noted,

“We are very pleased to have delivered substantial growth at the Dynasty Gold Project, with an increase of 25% in contained gold ounces from the previous July 2023 MRE.”

From a project development perspective, the resource sits across three concessions approved for small scale mining, each permitted for up to 1,000 tonnes per day, or approximately 1M tonnes per annum combined.

This permitting status provides a defined regulatory framework as the company progresses toward scoping level studies.

The current resource classification remains weighted toward Inferred material, representing 69% of the total, with 31% classified as Indicated, with further drilling planned to increase confidence levels, particularly within the Cerro Verde open pit domain, as part of the transition toward feasibility studies.

Looking ahead, Titan has outlined a 30,000m drilling campaign targeting both resource expansion and conversion, with drilling scheduled to recommence immediately.

Mineralisation remains open across multiple deposits, and the combination of epithermal and porphyry systems continues to provide scope for incremental growth within the broader Dynasty corridor.