Titan Minerals (ASX:TTM) - Large-Scale Copper & Gold Exposure in Ecuador

Company Interviews

Interview with Melanie Leighton, CEO of Titan Minerals Ltd.

Recording date: 17th June 2024

Titan Minerals (ASX:TTM) is an emerging leader in Ecuador's rapidly evolving mining sector. With a portfolio of advanced copper and gold projects, strategic partnerships with industry majors, and a proven track record of exploration success, Titan is well positioned to capitalize on Ecuador's vast mineral potential.

Ecuador is one of the most underexplored mining jurisdictions in the world, despite sharing the same prolific geology as its neighbors Chile and Peru. However, the country is on the cusp of a mining renaissance, with the government actively encouraging foreign investment and major miners pouring hundreds of millions into the region. Titan Minerals offers investors a unique opportunity to gain exposure to this emerging mining hotspot.

Titan's flagship asset is the Dynasty gold project, which hosts a 3.1 million ounce gold resource and and 22 millions ounce silver with an average grade of 2.23 g/t Au and 15.7 g/t Ag. The deposit remains open along strike and at depth, with the potential to grow to 5-6 million ounces through additional drilling. Titan is currently updating the resource estimate and plans to aggressively expand the deposit through drilling over the next 12-18 months.

In addition to Dynasty, Titan has assembled a pipeline of earlier-stage copper and gold projects across Ecuador. The company's business model focuses on cost-effectively advancing these projects to demonstrate their potential before seeking partners to fund large-scale development. Titan has already successfully executed this strategy with its Linderos copper project, securing a farm-out deal with mining giant Hancock Prospecting. Hancock can earn up to an 80% stake in Linderos by spending US$120 million, including $2 million in upfront cash payments to Titan. This deal structure allows Titan to retain significant exposure to Linderos' upside while Hancock funds the high-risk exploration and development phases.

Titan is now turning its attention to its Copper Duke project as the next potential farm-out candidate. Despite being an earlier-stage asset, Copper Duke has already attracted interest from major miners impressed by Titan's low-cost exploration work. The company is planning initial drill testing later this year to further demonstrate the project's potential before engaging with partners.
Underpinning Titan's portfolio is a deep understanding of Ecuador's geological and political landscape. The company has spent years building an experienced local team and honing its exploration methodology. This first-mover advantage positions Titan to be a prime beneficiary of Ecuador's mining boom.

For investors, Titan offers a compelling combination of near-term catalysts, long-term growth potential, and significant exploration upside. With drilling set to commence at Dynasty, a potential farm-out deal on the horizon at Copper Duke, and ongoing partner-funded work at Linderos, the company is poised for a steady stream of news flow over the coming months. As Ecuador's mining sector continues to gather momentum, Titan's strategic positioning, proven business model, and high-quality asset base make it a standout investment opportunity.

View Titan Minerals' company profile: https://www.cruxinvestor.com/companies/titan-minerals-limited

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