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Titan Minerals Limited (ASX:TTM)

ALERT: Price-sensitive ASX Announcement for TTM
Current share price for TTM : $0.670 -0.295 (-30.57%)+
Announcement
Release
18 Mar 2026 8:22AM
Price at Release
$0.965
Full Release
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Summary
The latest Mineral Resource Estimate (MRE) for Titan Minerals Limited's Dynasty Project highlights significant resource growth, particularly at the Cerro Verde deposit. The deposit's resources have increased by 780,000 ounces of gold and 4.1 million ounces of silver since the 2023 MRE, with further resource expansion expected through ongoing drilling. The Cerro Verde deposit's resources are mainly classified as Indicated and Inferred, with a focus on both open pit and potential underground mining methods. The resource update is guided by economic constraints, ensuring viable prospects for eventual economic extraction. Continued exploration and resource conversion efforts are planned to support future feasibility studies.
Key Points
  • The Dynasty Project Mineral Resource Estimate (MRE) update shows significant resource growth with the Cerro Verde deposit being a key contributor.
  • The Cerro Verde deposit's resources have increased by 780,000 ounces of gold and 4.1 million ounces of silver compared to the previous 2023 MRE.
  • Mineral Resources at Cerro Verde remain open laterally and at depth, with further drilling planned to expand resources.
  • The updated MRE for Cerro Verde consists primarily of Indicated and Inferred resources, with a large proportion in the Inferred category.
  • The mineralisation at Cerro Verde includes both epithermal vein and porphyry-related systems, with a focus on selective mining.
  • The cut-off grades for resource reporting vary depending on the mineralisation type, with a higher cut-off for potential underground resources.
  • The resource update is constrained by a pit shell optimised for economic extraction at assumed metal prices, ensuring reasonable prospects for future mining activities.
  • Titan Minerals Limited continues to undertake drilling and modelling to improve resource estimates and support future feasibility studies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.