Titan Minerals (ASX:TTM) extends mineralisation at Iguana as exploration advances across Dynasty Corridor

Titan Minerals (ASX:TTM) has reported a major step forward at its 100 percent owned Dynasty Gold Project in southern Ecuador, where recent trenching at the Iguana prospect has confirmed and extended mineralisation up to 800 metres from the existing resource.

With 3.1 million ounces of gold and 22 million ounces of silver already defined, the company is advancing a dual strategy of infill and extension drilling at Cerro Verde and surface exploration at underexplored areas including Iguana.

In this Q&A, Titan Minerals Chief Executive Officer Melanie Leighton responds to five key investor questions about the trenching results, Cerro Verde drilling priorities, and the broader approach to growing resources within the 9 kilometre epithermal system.

What do the new trenching results at Iguana tell us about the scale of the mineral system?

The latest surface trenching at Iguana has extended mineralisation up to 800 metres along strike from the current defined resource.

These results are from areas that have not previously been drilled and indicate potential for additional shallow gold mineralisation.

This supports our view that the Dynasty system remains significantly underexplored.

“Titan’s continued exploration efforts have been rewarded with latest results extending mineralisation up to 800 metres along strike from current resources at the Iguana prospect.”

This work reinforces the broader potential of the Dynasty Gold Project and positions us well for further resource growth as exploration continues.

Why is Cerro Verde such a high priority for Titan in the current drill program?

Cerro Verde hosts approximately 1.9 million ounces of gold, accounting for nearly two thirds of the Dynasty gold resource.

“Recent drilling results have highlighted Cerro Verde to host the widest, most continuous and most predictable gold mineralisation, which has now been drill defined from surface down to approximately 400 metres.”

Current drilling at Cerro Verde is testing down plunge targets and is focused on defining high value ounces within or near the conceptual open pit optimisation.

We are also conducting infill drilling to improve resource categorisation and support a future scoping study and reserve definition.

How will the Mobile Magneto-Telluric (MMT) geophysical survey contribute to the project?

We have commenced a 920 line kilometre MMT survey across the 9 kilometre Dynasty corridor.

This method uses natural variations in the earth’s magnetic and electric fields to map resistivity and conductivity, which helps us identify large scale feeder structures and porphyry alteration systems.

“The objective of the MMT survey is to visualise resistive and conductive anomalies along the vein hosted gold corridor including the Cerro Verde, Iguana, Trapichillo and Papayal prospects.”

The survey also covers areas where mapping and soil geochemistry have confirmed porphyry alteration footprints, such as Lucarqui, Kaliman, Cola and La Zanja.

Final results from the MMT survey are expected in approximately three to four weeks following data processing and inversion modelling.

What role does surface mapping and trenching play in the exploration strategy?

Surface exploration plays a key role in identifying and verifying targets before drilling.

At both Cerro Verde and Iguana, we have been conducting reconnaissance mapping and trench sampling to follow up on geochemical anomalies identified through soil sampling in 2024.

“This reconnaissance work has been successful in verifying the prospectivity of these soil geochemical anomalies, with resource growth targets highlighted for drill testing.”

Results from recent trenching and mapping at Cerro Verde are expected shortly.

These programs are designed to systematically define new areas of mineralisation from surface and to support ongoing resource expansion efforts.

What is the overall strategy to grow the Dynasty Gold Project?

Our strategy to grow the Dynasty project is based on a twofold approach.

We are targeting deeper extensions of known mineralisation, particularly at Cerro Verde, and we are also defining shallow mineralisation in new areas through surface exploration and trenching.

“We are committed to growing the Dynasty 3.1 million ounce gold and 22 million ounce silver resource in a two-pronged approach, by drilling depth extensions in the best parts of the system and by defining shallow mineralisation in new areas from surface.”

This approach is designed to improve confidence in existing resources, support future mine studies, and uncover new mineralised zones along the underexplored corridor.

The trenching at Iguana and drilling at Cerro Verde are both contributing directly to this strategy.

Ongoing programs aimed at unlocking surface and depth potential

Titan Minerals is progressing an extensive 6,000 metre drill program at Cerro Verde to support resource conversion and extension.

Trenching results from Cerro Verde are expected soon, alongside the final outputs of the MMT survey.

These workstreams will feed into a forthcoming mineral resource update for the Dynasty Gold Project.

As surface exploration continues and drill results are received, Titan is steadily building on the 3.1 million ounce gold base and remains focused on delivering long term value from one of Ecuador’s most prospective gold corridors

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