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Titan Minerals Limited (ASX:TTM)

ALERT: Price-sensitive ASX Announcement for TTM
Current share price for TTM : $0.535 -0.325 (-37.79%)+
Announcement
Release
30 Apr 2026 8:57AM
Price at Release
$0.860
Full Release
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Summary
Titan Minerals Limited's quarterly report for the period ending March 31, 2026, highlights the significant progress at its Dynasty Gold Project in southern Ecuador. The Mineral Resource Estimate (MRE) for the Dynasty Gold Project has been upgraded to 3.9 million ounces of gold and 26.1 million ounces of silver, reflecting a 25% increase in gold and a 19% increase in silver content. This growth was achieved through extensive diamond drilling, leading to a low discovery cost of approximately US$6.30 per ounce. Additional exploration activities have enhanced the project's scale by including bulk-tonnage porphyry-hosted mineralization, which complements the existing high-grade epithermal gold-silver deposits. Corporate activities include a successful exercise of options, generating cash inflows of roughly US$0.365 million. As of the end of the quarter, the company held cash and reimbursement receivables totaling US$7.5 million.
Key Points
  • Dynasty Gold Project MRE upgraded to 3.9Moz gold and 26.1Moz silver.
  • Significant growth achieved through diamond drilling at Cerro Verde.
  • Introduction of porphyry-hosted mineralization at Kaliman enhances project scale.
  • Cash inflows from exercised options approximately US$0.365 million.
  • Company's cash and reimbursement receivables at quarter end US$7.5 million.
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.