MEDIA RELEASE
19 February 2025
Titan Minerals Confirms High Gold and Silver Recoveries at Dynasty Project
Key Metallurgical Testwork Confirms Strong Gold Recoveries and Project Upside
Titan Minerals Limited (ASX:TTM) ("Titan" or "the Company") is pleased to announce positive results from additional metallurgical testwork on near-surface oxide ore at its Dynasty Gold Project in southern Ecuador. The latest testwork has confirmed gold recoveries of 85-88% and silver recoveries of 70-75%, reinforcing the viability of conventional processing methods and the strong economic potential of the project.
The testwork, conducted on oxide ore from the Cerro Verde prospect, validates historical recoveries achieved from previous mining operations, which were processed at the Svetlana 1 Plant in 2018-2019. Key findings include:
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Strong leaching characteristics at a coarse grind size (P80 of 106µm)
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Rapid leaching kinetics, with the majority of gold extracted within eight hours
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Low chemical consumption, demonstrating efficient processing conditions
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Opportunity to further enhance recoveries through process optimisation
Titan Minerals' CEO, Melanie Leighton, commented:
"It’s encouraging that this round of testwork has validated historical processing outcomes from previous mining of near-surface oxide ores at Cerro Verde. Additional leach and comminution testwork is underway on transitional and primary ore domains from the Cerro Verde and Iguana prospects, where we expect to deliver an outcome proving an overall project development concept, demonstrating the amenability of conventional processing technologies for extraction of gold and silver from these domains."
Titan is advancing an extensive drilling campaign at the Dynasty Gold Project, with three rigs operating around the clock. The Cerro Verde prospect currently hosts a resource of 28.8Mt @ 2.08 g/t gold and 13 g/t silver, containing 1.9Moz of gold and 12Moz of silver. The Company remains well-funded to accelerate exploration and project development, capitalising on strong gold and silver prices. Several key milestones are expected in 2025, further unlocking value for shareholders.
About Titan Minerals
Titan Minerals is an ASX-listed gold exploration and development company focused on advancing its high-quality projects in Ecuador. The Company is committed to unlocking value at the Dynasty Gold Project while exploring further growth opportunities within its portfolio.
ENDS
About us:
Titan Minerals is an emerging gold developer and copper explorer focused on uncovering Tier One deposits in Ecuador. With several large exploration projects in the country’s southern Andean copper belt, Titan has significant exposure to large-scale gold and copper in a highly prospective, yet underexplored part of the world.
The Dynasty Gold Project hosts a substantial resource of 3.1 Moz gold and 22 Moz silver, with ongoing exploration confirming extensive mineralization beyond the current resource. A 10,000m drilling campaign is underway, targeting lateral and depth resource expansion, with an updated resource estimate expected by mid-2025.
In September 2024, Titan was pleased to welcome Hancock Prospecting subsidiary company, Hanrine, as a JV & Earn-in Partner for their Linderos Copper Project, whereby Hanrine can earn up to 80% interest by investing up to $180M and reaching a decision to mine. Titan is free-carried until Hanrine reach 80%. A 10,000m drilling program to explore Linderos copper porphyry potential commenced in late 2025, with consistent drill results anticipated in the coming months.
Contact details:
Jane Morgan [email protected]