Substantial resource upgrade delivered at 100%-owned Dynasty Gold Project in southern Ecuador, reinforcing its emergence as a large-scale, multi-deposit gold-silver system that stands out among a selection of global ASX peers as shown overleaf.
The updated global resource now stands at 65.6Mt @ 1.85g/t Au & 12.38g/t Ag for 3.9Moz of gold and 26.1Moz of silver (CGe: 4.3Moz @ 2.05g/t AuEq in-situ at spot).
This represents a 25% increase in gold and a 19% increase in silver relative to the 2023 estimate, driven primarily by drilling success and growth at the Cerro Verde deposits.
Press Release
18 March 2026
Resource expansion drilling delivers 25% increase in gold and 19% increase in silver as company prepares for further growth drilling.
Titan Minerals Limited (ASX: TTM) has significantly expanded the Mineral Resource at its 100%-owned Dynasty Gold Project in southern Ecuador, increasing the project’s gold inventory to 3.9 million ounces and silver inventory to 26.1 million ounces following a year of successful drilling.
The updated Mineral Resource Estimate (MRE) now stands at 65.6Mt at 1.85 g/t Au and 12.38 g/t Ag, representing a 25% increase in contained gold and a 19% increase in contained silver compared with the previous estimate.
The growth is largely driven by resource expansion and infill drilling at the Cerro Verde deposit, which now hosts 50.8Mt at 1.66 g/t Au and 9.89 g/t Ag for 2.7Moz gold and 16.15Moz silver.
Titan completed approximately 22,400 metres of resource drilling at Cerro Verde since the previous estimate, confirming strong continuity of mineralisation and identifying new zones of epithermal and porphyry-hosted gold-silver mineralisation.
The updated project-wide resource also includes the Iguana, Trapichillo and Papayal deposits, which remain unchanged from the July 2023 estimate and together contribute 1.19Moz of gold and 9.94Moz of silver.
Importantly, mineralisation across the Dynasty system remains open laterally and at depth, with Titan planning a 30,000-metre drilling campaign aimed at further resource growth and upgrading confidence categories ahead of future development studies.
A notable portion of the resource occurs near surface, with 47% of the Cerro Verde resource within the top 100 metres and 76% within the top 200 metres, supporting the potential for open-pit mining.
The project is also positioned for potential staged development, with oxide mineralisation accounting for 734,000 ounces of gold, which could support a low-cost startup scenario leveraging regional processing infrastructure.
CEO Commentary
Titan Minerals CEO Melanie Leighton said:
“We are very pleased to have delivered substantial growth at the Dynasty Gold Project, with an increase of 25% in contained gold ounces from the previous July 2023 MRE. The MRE update comes after 12 months and ~22,400m of targeted resource expansion drilling, implying that ~30oz has been added per drill metre, which is an impressive result and a credit to our dedicated geology team in Ecuador!”
“Latest drilling which has been incorporated into the MRE update has enhanced our understanding of mineralisation controls at Dynasty, while also highlighting the remarkable predictability of the mineralisation, as demonstrated by infill and extensional drilling.”
“The MRE update features the addition of wide and high-grade depth extensions at the Brecha-Comanche prospect and extensive zones of porphyry hosted gold-silver mineralisation at the Kaliman prospect. What’s even more exciting is that Mineral Resources remain open and have substantial room to grow.”
“Titan’s geology team have been busy finalising a 30,000m drilling campaign to target continued resource growth and conversion. We look forward to the drill rigs kicking off again next week, with the geology team excited to test several compelling epithermal and porphyry targets that have never been drilled.”
Next Steps
Titan plans to commence the next drilling phase imminently, targeting:
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Further resource expansion at Cerro Verde
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Conversion of Inferred resources to Indicated
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Testing of new epithermal and porphyry targets across the broader Dynasty system
The company believes the scale and growth potential of the Dynasty project positions it as a significant emerging gold development opportunity within Ecuador’s rapidly growing mining sector.
About us:
About Titan Minerals
Titan Minerals Limited (ASX: TTM) is an Australian-listed gold exploration and development company focused on advancing a portfolio of highly prospective projects in southern Ecuador, a rapidly emerging mining jurisdiction in South America.
The Company’s flagship asset is the Dynasty Gold Project, a large-scale gold-silver system located in the Loja Province of Ecuador. Dynasty hosts a substantial and growing Mineral Resource and represents the cornerstone of Titan’s strategy to develop a significant gold operation in the region.
In addition to Dynasty, Titan holds a broader district-scale land position across southern Ecuador, including the Linderos Copper-Gold Project and other exploration targets prospective for epithermal and porphyry-style mineralisation.
Titan is focused on expanding and upgrading its mineral resources through systematic drilling, advancing technical studies, and unlocking the development potential of its Ecuadorian assets, while maintaining a strong commitment to responsible mining practices and community engagement.
Contact details:
Jane Morgan
Investor and Media Relations
JMM
[email protected]
+61 405 555 618