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Titan Minerals Limited (ASX:TTM)

ALERT: Price-sensitive ASX Announcement for TTM
Current share price for TTM : $0.610 0.04 (7.02%)+
Announcement
Release
21 Jul 2026 8:28AM
Price at Release
$0.570
Full Release
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Summary
Hancock Prospecting's subsidiary, Hanrine, has earned a 51% stake in the Linderos Copper Project by meeting a US$20 million expenditure commitment ahead of schedule. The project, a joint venture with Titan Minerals Limited, is located in Southern Ecuador. Extensive drilling has revealed large zones of porphyry copper mineralisation, confirming a substantial copper system which remains open for further exploration. Titan retains a 49% interest and is free-carried until Hanrine reaches an 80% ownership following additional milestones. A US$1 million payment is due to Titan upon the transfer of concession ownership. The project continues with further drilling and exploration activities planned to extend known mineralisation areas.
Key Points
  • Hancock owns 51% of Linderos Copper Project after US$20 million expenditure.
  • Extensive porphyry copper mineralisation discovered.
  • Titan Minerals retains a 49% interest, free-carried until further milestones.
  • Hanrine achieved milestone in less than two years.
  • US$1 million payable to Titan upon ownership transfer.
  • Future drilling planned to target high-grade extensions.
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.