Titan Minerals Ltd

Titan Minerals Ltd (ASX:TTM) is an ASX listed emerging gold developer and copper explorer with four large projects in Ecuador’s highly prospective, yet underexplored, southern Andean copper belt. TTM has a market capitalisation of ~A$180 million (@ A$0.60 cps). Titan recently welcomed Lingbao Gold Group Company Ltd. (Lingbao), a Hong Kong listed gold producer as a strategic 9.9% shareholder following a US$10M investment at a 33% premium. The strategic equity placement provides low-dilution funding to accelerate resource drilling and de-risking studies for the Dynasty Gold Project. As part of the investment, Lingboa have a 90-day exclusivity period to complete further due diligence, as the companies work towards a potential project level transaction for the Dynasty Gold Project. The 100% owned Dynasty Gold Project hosts a substantial resource of 3.1 Moz gold @ 2.2g/t Au and 22 Moz silver @ 15.7g/t Ag, with >50% of resources extending from surface down to 100m depth and >80% of resources contained in the top 200m from surface. Exploration programs have confirmed extensive mineralisation beyond current resources, with drilling over the past 12-18 months designed to capture lateral and depth resource extensions and resource categorisation upgrades. A resource update is scheduled in early Q1 2026 and the delivery of a Scoping Study in late Q1 2026. A JV & Earn-in Agreement was executed with Hancock Prospecting subsidiary company (Hanrine) in September 2024, whereby Hanrine can earn up to 80% of the Linderos Copper Project by investing US$120M or reaching a decision to mine. In November 2024, Hanrine commenced a 25,000m drilling campaign to test the project’s potential, with drilling defining broad zones of porphyry hosted copper-gold-moly mineralisation over 1km strike, 300m width and 1km depth. With four drill rigs currently in operation at the Dynasty Gold Project, the Company is well placed to deliver substantial news flow through its targeted resource and exploration drill programs, as it continues to grow resources and derisk Dynasty by completing key development study workstreams. In addition, two drill rigs are in operation at the Linderos Copper Project where Hanrine are fully funding and managing work programs at Linderos until they have earned their 80% interest. Titan shareholders enjoy the benefit of Hanrine’s substantial investment, gaining exposure to a potential large-scale porphyry copper mine, with a highly regarded and experienced partner with a strong balance sheet and technical expertise. Titan’s ability to attract Lingboa and Hancock Prospecting as strategic investors speaks volumes to the quality of its gold and copper assets, the underlying geological prospectivity, and to Ecuador as an emerging mining jurisdiction. With A$22/ US$15 million in cash at the end of Q3 2025, Titan is well funded and in a strong position to deliver considerable shareholder value over the coming 12 months across its portfolio of gold and copper projects.