Lingbao’s Stake Raises Stakes: Can Titan Deliver on Dynasty’s Potential?

Strategic Partnership Strengthens Titan’s Position

Titan Minerals Limited (ASX, TTM) has fortified its financial and technical footing with a US$10 million placement to Lingbao Gold International Company Ltd, a Hong Kong-listed Chinese mining enterprise. Lingbao’s acquisition of approximately 9.9% of Titan’s issued capital at a 33% premium signals strong confidence in Titan’s flagship Dynasty Gold Project in Ecuador.

This strategic alliance not only injects significant capital but also grants Titan access to Lingbao’s extensive expertise in mining, processing, and refining precious and base metals. The partnership is expected to accelerate resource drilling and derisking studies, potentially unlocking greater value from the Dynasty project.

Drilling Success at Dynasty Gold Project

During the December quarter, Titan’s resource drilling program at the Cerro Verde prospect within the Dynasty Gold Project yielded extensive new zones of porphyry-hosted gold, silver, and copper mineralisation. These discoveries are poised to enhance the upcoming Mineral Resource Estimate (MRE) update planned for early Q1 2026.

Noteworthy drill results include wide intercepts such as 216.6 metres at 0.5 grams per tonne gold and 1.9 grams per tonne silver from near surface, with high-grade zones embedded within. The inclusion of porphyry mineralisation is expected to improve strip ratios and overall project economics, complementing the existing high-grade vein-hosted resources.

Infill drilling has successfully confirmed mineralisation continuity and tenor, supporting potential resource classification upgrades. The drilling program has extended mineralisation along strike and to depths approaching 600 metres, indicating robust potential for resource growth both laterally and at depth.

Progress at Linderos Copper Project JV

Meanwhile, the Linderos Copper Project joint venture with Hancock Prospecting’s subsidiary Hanrine continues to advance. Hanrine is undertaking a 15,000-metre diamond drilling campaign as part of its earn-in milestone to increase its interest to 51%. Drilling has delineated porphyry copper mineralisation over a one-kilometre strike length and depth, with encouraging grades and the system remaining open for expansion.

Completion of this milestone will trigger a US$1 million cash payment to Titan, further bolstering the company’s financial position.

Financial Health and Next Steps

Titan closed the quarter with a robust cash balance of US$12 million, supported by the Lingbao placement and ongoing financing activities. This strong liquidity position enables Titan to accelerate exploration and development activities across its Ecuadorian portfolio.

Looking ahead, Titan plans to complete an 8,000-metre resource drilling program at Cerro Verde, supported by a fourth diamond rig to expedite progress ahead of the MRE update. Concurrently, preliminary metallurgical testwork and environmental baseline studies are underway to support future feasibility and permitting efforts.

CEO Melanie Leighton highlighted the transformational nature of the quarter, noting the market’s growing recognition of Dynasty’s potential as a large, long-life gold operation amid record-high gold, silver, and copper prices.