Weather Delays Push Back Dynasty Resource Update Amid Growing Gold Potential

Transforming the Understanding of Dynasty’s Gold System

Titan Minerals Limited (ASX, TTM) has delivered a compelling update from its 100%-owned Dynasty Gold Project in southern Ecuador, with recent drilling results at the Cerro Verde prospect significantly expanding the known extents of gold mineralisation. The standout hole CVDD24-122 intersected the deepest mineralisation recorded to date, revealing multiple high-grade zones from near surface down to 400 metres depth. Highlights include intercepts such as 2.9 metres at 21.9 grams per tonne (g/t) gold and 11.7 metres at 3.9 g/t gold, underscoring the prospect’s robust potential beyond current resource boundaries.

These results have reshaped Titan’s geological model, confirming that the gold system remains open both laterally and at depth. Subsequent drill holes have continued to validate this, with further significant intercepts reported, such as 7.8 metres at 2.5 g/t gold and 3.7 metres at 2.9 g/t gold, reinforcing the prospect’s continuity and grade consistency.

Advancing Resource Definition and Upgrade

Building on these discoveries, Titan is poised to embark on a focused resource conversion and upgrade drilling campaign aimed at delineating high-value ounces within or near the conceptual pit optimisation at Cerro Verde. This phase will also address areas with wider drill spacing, where infill drilling is expected to enhance resource confidence and potentially reveal additional mineralisation. The company’s geostatistical analysis has identified compelling down-plunge targets that will be priority drill sites in the coming weeks.

While heavy rainfall earlier in the year caused a two-month drilling hiatus, operations have now resumed with three diamond rigs active onsite. Titan’s CEO Melanie Leighton emphasised the growing understanding of the Dynasty gold system and the strategic importance of these near-term opportunities for advancing the project towards Ore Reserve status.

Progressing Towards a Mineral Resource Update and Scoping Studies

The Mineral Resource update, initially anticipated earlier, is now targeted for the third quarter of 2025 due to weather-related delays. Titan has engaged Entech Mining to lead the resource estimation update, with geological modelling well advanced. Concurrently, scoping study workstreams are progressing, including a Tailings Storage Facility option analysis conducted by Knight Piesold, a firm with proven expertise in Ecuadorian mining projects.

Metallurgical testwork results remain encouraging, indicating gold recoveries of 85-88% for oxide ore and 90-91% for sulphide ore using conventional extraction methods. Environmental monitoring, permitting, and cost studies are also underway, laying the groundwork for future mine design and scheduling.

Strategic Position in Ecuador’s Mining Landscape

With nearly two-thirds of Dynasty’s 3.1 million ounce gold resource hosted at Cerro Verde, Titan’s project stands out as a large-scale, fully permitted asset in a region attracting increasing investment and consolidation. The potential for porphyry copper discovery within the broader project area adds an intriguing dimension to its growth prospects. Titan’s position as 100% owner of this expanding gold system places it in an enviable spot amid rising M&A activity in the gold sector.