Titan’s Dynasty drilling reveals new scale at Kaliman

Kaliman returns long shallow porphyry intercepts

Titan Minerals Limited (ASX:TTM) has produced some of its broadest reported intersections yet from the Kaliman target at Ecuador’s Dynasty Gold Project, with mineralisation beginning only metres below surface. Hole CVDD25-195 returned 184.4 metres at 0.8 g/t gold, 3.3 g/t silver and 0.13% copper from 3.6 metres, while CVDD25-191 delivered 363.8 metres at 0.5 g/t gold, 2.5 g/t silver and 0.11% copper from 2.2 metres.

The Kaliman results are notable not simply for their length. The porphyry-hosted mineralisation is accompanied by higher-grade epithermal zones, including 11 metres at 7.6 g/t gold and 22.4 g/t silver within CVDD25-195, and 24.7 metres at 2.5 g/t gold and 14.3 g/t silver within CVDD25-191. Titan says the mineralisation remains open along strike and at depth, with a southerly plunge now providing another target for follow-up drilling.

The company has been steadily expanding the drilling effort behind Dynasty. Its expanded Dynasty drilling program previously included additional capacity ahead of the resource update and scoping study, and Titan now says 39 diamond holes totalling 9,100 metres have been completed in the 2026 program. Assays from 17 holes remain outstanding.

Brecha-Comanche drilling beats the current model

At Brecha-Comanche, within the Cerro Verde prospect, infill drilling has also returned intervals Titan describes as wider and higher grade than modelled in the March 2026 Mineral Resource Estimate. Hole CVDD26-215 intersected 34.4 metres at 2.9 g/t gold, 13.9 g/t silver and 0.17% copper from 202.6 metres, including 9.6 metres at 3.7 g/t gold, 34.8 g/t silver and 0.52% copper.

Other results from the target included 19.3 metres at 2.3 g/t gold and 10.7 g/t silver in CVDD26-207. CVDD26-212 returned several mineralised intervals, including 9.4 metres at 1.8 g/t gold and 6.3 g/t silver, 9.2 metres at 1.8 g/t gold and 5.3 g/t silver, and a narrower high-grade interval of 1.7 metres at 10.6 g/t gold and 31.4 g/t silver.

These are exploration results rather than a revised resource. The reported widths are downhole lengths, and Titan cautions that true thicknesses have not yet been established. Even so, the company says the outcomes support further infill drilling in shallow areas within its conceptual pit and may identify mineralisation missed by earlier, wider-spaced drilling.

Pending assays sit between drilling and the 2027 study

Titan’s March 2026 Dynasty resource stands at 3.90 million ounces of gold and 26.10 million ounces of silver, including 2.70 million gold ounces and 16.15 million silver ounces at Cerro Verde. The current campaign is designed both to convert existing material into higher-confidence resource categories and to test extensions, including a shear-hosted corridor that the company says sits outside the 2026 estimate.

Four diamond rigs are operating at Dynasty, with an RC rig due to join the fleet. Titan is targeting a Q1 2027 update to the Mineral Resource Estimate and a Dynasty Scoping Study in the same quarter. The eventual significance of the latest intercepts will depend on continuity, true widths, resource classification and how much of the additional mineralisation can be incorporated into mine planning and economic studies.