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An update from Titan Minerals Ltd ( (AU:TTM) ) is now available.
Titan Minerals has sharply upgraded the mineral resource estimate at its 100%-owned Dynasty Gold Project to 3.9 million ounces of gold and 26.1 million ounces of silver, a 25% and 19% increase respectively, after extensive diamond drilling at the Cerro Verde deposit. The resource is largely near-surface, sits on granted mining concessions that allow for up to 1 million tonnes per annum of production, and is supported by infill drilling that confirms strong continuity and the potential for future resource classification upgrades.
The discovery and incorporation of porphyry-style mineralisation at the Kaliman prospect adds bulk-tonnage potential that is expected to lower strip ratios, extend mine life and enhance project economics, while a planned 30,000-metre drilling program and scoping study aim to further grow and de-risk the project. Alongside ongoing work by joint-venture partner Hanrine at the Linderos Copper Project and multiple drill-ready copper targets at Copper Duke and Copper Field, Titan finished the quarter with A$11 million in cash and receivables, reinforcing its funding position for the next phase of exploration and development.
The most recent analyst rating on (AU:TTM) stock is a Buy with a A$1.95 price target. To see the full list of analyst forecasts on Titan Minerals Ltd stock, see the AU:TTM Stock Forecast page.
More about Titan Minerals Ltd
Titan Minerals Ltd is an Australia-listed exploration and development company focused on gold and copper projects in southern Ecuador. Its flagship asset is the Dynasty Gold Project, a large-scale gold-silver deposit, complemented by the Linderos Copper Project under a joint venture and a portfolio of additional copper assets providing longer-term growth options.
Average Trading Volume: 1,026,512
Technical Sentiment Signal: Buy
Current Market Cap: A$232.9M
See more data about TTM stock on TipRanks’ Stock Analysis page.