Titan Minerals (ASX:TTM) confirms scale of porphyry-hosted gold system at Dynasty

Titan Minerals has reported wide, gold-rich intercepts from ongoing resource drilling at the Kaliman target within its 100 per cent-owned Dynasty Gold Project in southern Ecuador, providing further evidence that the system hosts both bulk porphyry and high-grade vein mineralisation.

The latest results strengthen the company’s case that Dynasty represents a larger and more continuous mineralised system than previously modelled.

Highlights

• Wide porphyry-hosted gold-silver-copper zones intersected at the Kaliman target, including:

  • 216.6 metres at 0.5 g/t gold, 1.9 g/t silver and 0.11 per cent copper from 4 metres in hole CVDD25-157.

  • 143 metres at 0.6 g/t gold, 1.0 g/t silver and 0.15 per cent copper from 147 metres in CVDD25-156.

  • High-grade intervals such as 9 metres at 2.5 g/t gold from 17.9 metres and 6 metres at 5.0 g/t gold from 127.9 metres.

• Four diamond rigs currently operating, with about 4,200 metres of drilling remaining ahead of the next resource update.

• The updated Mineral Resource Estimate for Dynasty is expected in the first quarter of 2026.

• Metallurgical testwork has achieved high recoveries of 85–88 per cent for oxide and 91 per cent for sulphide ore using conventional processing.

Wider zones reshape the geological model

The latest results from Kaliman confirm that mineralisation extends well beyond the limits of the epithermal veins modelled in the July 2023 resource, which totalled 3.1 million ounces of gold at 2.2 g/t and 22 million ounces of silver at 15.7 g/t.

The new intersections, combining broad porphyry-style zones with overprinting high-grade epithermal veins, point to a significant expansion opportunity in both grade and tonnage.

Porphyry-hosted mineralisation has now been defined from surface, offering the potential for a low strip ratio, bulk mining scenario that could complement the previously defined high-grade vein material.

The ongoing 8,000-metre drilling program across the Cerro Verde prospect has been designed to expand and upgrade resources at the Kaliman and Brecha-Comanche targets, which together account for roughly two thirds of Dynasty’s current resource base.

Independent resource consultants from Entech Mining have completed fieldwork at Dynasty, including a site visit and review of geological and mineralisation models.

Interim workstreams are focusing on refining estimation techniques to capture the full range of mineralisation styles, from high-grade veins to alteration halos and stockwork zones, to provide a more accurate representation of the deposit ahead of mine planning.

“We are pleased to deliver further high-grade results and bulk style porphyry hosted mineralisation from drilling at the Kaliman target, where our geologists have been targeting opportunities for resource growth,”

said Titan Minerals Chief Executive Officer Melanie Leighton.

“Latest drilling has confirmed an opportunity to expand resources and improve potential project economics, with the recent discovery of extensive zones of porphyry hosted gold-silver and copper mineralisation.”

Advancing toward development

The company is advancing several technical workstreams in parallel with drilling, including mine optimisation studies that will commence after the updated resource is completed.

Knight Peisold has finalised a preliminary tailings and waste dump options study, identifying viable locations within the project area, while environmental baseline monitoring continues to support future large-scale mining applications.

Titan has also strengthened its financial position through a US$10 million strategic placement to Lingbao Gold International Company, which provides the company with additional capital to complete its resource drilling and progress economic studies.

Discussions with Lingbao are ongoing around a potential project-level partnership to accelerate Dynasty’s path toward production.

As global gold and silver prices remain near record levels, Titan Minerals is positioned to deliver a resource update that reflects the full extent of its dual-style system at Dynasty.

The inclusion of bulk porphyry-hosted mineralisation alongside high-grade veins could materially enhance project economics by increasing scale and reducing mining costs.

With over 25,000 metres of new drilling to be incorporated into the upcoming estimate, the company’s 2026 resource model is expected to provide the foundation for mine design and future development decisions.

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