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Titan Minerals Limited (ASX:TTM)

ALERT: Price-sensitive ASX Announcement for TTM
Current share price for TTM : $0.655 0.1 (18.02%)+
Announcement
Release
30 Jul 2026 9:01AM
Price at Release
$0.555
Full Release
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Summary
Titan Minerals Limited has released its quarterly report for the period ending 30 June 2026. The company continued exploration and development activities at its Dynasty Gold Project in Ecuador, focusing on resource drilling at the Cerro Verde prospect. Significant trenching results have expanded potential resource areas. The Dynasty Gold Project's Mineral Resource Estimate (MRE) remains unchanged at 65.55Mt containing 3.9 million ounces of gold and 26.1 million ounces of silver. In the financial report, Titan Minerals noted a decrease in cash and cash equivalents to $5.9 million due to ongoing exploration and evaluation expenses, while also receiving a reimbursement from Hancock Prospecting. The company continues to engage in low-cost exploration activities at its Copper Duke and Copper Field Projects, with a focus on expanding its copper resource potential. Corporate activities included the exercise of options, leading to cash inflows and the maintenance of its financial position.
Key Points
  • Quarterly report for period ending 30 June 2026.
  • Continued exploration at Dynasty Gold Project in Ecuador.
  • Cerro Verde prospect targeted for resource growth.
  • No new MRE update; existing estimate at 65.55Mt.
  • Significant trenching results indicate resource expansion potential.
  • Cash balance decreased to $5.9 million.
  • Reimbursement received from Hancock Prospecting.
  • Low-cost exploration conducted at Copper Duke and Copper Field Projects.
  • Exercise of options contributed to cash inflows.
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.