15 October 2025 – Titan Minerals Limited (ASX:TTM) is pleased to announce that it has secured Lingbao Gold International Company Ltd (Lingbao) as a new strategic investor through a US$10 million (A$15.2 million) placement at A$0.59 per share, representing a 33% premium to the 30-day VWAP.
Under the agreement, Lingbao will acquire 9.9% of Titan’s issued capital, providing Titan with low-dilution funding to accelerate resource drilling and de-risking studies at its flagship Dynasty Gold Project in southern Ecuador, one of the country’s largest undeveloped gold resources with 3.1Moz gold and 22Moz silver.
The investment aligns Titan with a Hong Kong-listed US$3.5 billion gold producer that operates five major mines and a smelting and refining enterprise across China. Lingbao’s vertically integrated mining and processing expertise mirrors the development pathway for Dynasty, whose gold-silver concentrates could be processed at Lingbao’s established facilities in China.
Strong Validation Amid Surge in Chinese Investment in Ecuador
Lingbao’s entry represents another major vote of confidence from Chinese investors in Ecuador’s emerging mining industry. The investment which was struck at a significant premium to Titan’s market price, reinforces the Company’s undervalued position relative to its substantial resource base.
Foreign direct investment in Ecuador’s mining sector rose to US$1.2 billion in 2024, a 15% year-on-year increase, highlighting the growing appeal of the country’s mineral endowment and supportive policy framework.
Recent transactions by Chinese groups in Ecuador further underline this trend:
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Silvercorp Metals (China/Canada) announced a US$200M all-scrip acquisition of Adventus Mining and its Curipamba–El Domo Cu-Au Project, at a 31% premium.
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CMOC Group completed a C$581M all-cash acquisition of Lumina Gold and its Cangrejos Gold Project.
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Jiangxi Copper expanded its holding in SolGold Plc to 12.19%, paying a 45% premium to market.
Titan’s agreement with Lingbao, including a 90-day exclusivity period and right of first refusal to acquire 51% or more of Dynasty, positions the Company at the forefront of this rising wave of China–Ecuador strategic partnerships in gold and copper development.
Management Commentary
Titan Minerals Chief Executive Officer, Melanie Leighton, said:
“We are very pleased to welcome Lingbao as a strategic investor and believe there are significant synergies to be unlocked through the partnership between Lingbao and Titan’s 100%-owned Dynasty Gold Project.”
“Through their Hong Kong listing and mining operations, Lingbao have access to substantial capital along with a proven track record of developing and mining high-grade gold deposits. These key attributes align with our aim to fast-track the development and mining of the Dynasty Gold Project in southern Ecuador.”
“I believe that we are about to enter a period of significant value creation for our shareholders, many of whom have supported us since acquiring the projects in 2020. I look forward to providing progress updates from the resource drilling and de-risking studies currently underway at Dynasty.”
About us:
About Lingbao Gold International Company Ltd
Lingbao Gold International Company Ltd (SEHK:03330) is a leading gold mining and refining enterprise headquartered in China and listed on the Hong Kong Stock Exchange with a market capitalisation of approximately US$3.5 billion. The company operates five major mines and a smelting and processing enterprise, producing gold, silver, copper, and sulphuric acid. Its 2025 gold production is projected at 200,000 ounces, excluding output from its smelting operations.
About Titan Minerals Limited
Titan Minerals Limited (ASX:TTM) is an emerging South American-focused gold and copper explorer and developer with a portfolio of projects in southern Ecuador. The Company’s flagship Dynasty Gold Project hosts 3.1Moz of gold and 22Moz of silver across a 9km mineralised corridor. Titan is advancing Dynasty alongside its Copper Duke and Copper Field projects, positioning itself as a key participant in Ecuador’s rapidly expanding mining industry.
Contact details:
Media & Investor Enquiries:
Melanie Leighton – Chief Executive Officer
[email protected] | +61 8 6555 2950
Jane Morgan – Investor & Media Relations
[email protected] | +61 405 555 618
