What makes Titan Minerals' (ASX:TTM) new Dynasty gold-silver discovery different from its existing resource?

Sonal Goyal

03 November 2026 11:10 PM AEDT

What makes Titan Minerals' (ASX:TTM) new Dynasty gold-silver discovery different from its existing resource?

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Key highlights

• Titan Minerals reported a new style of shear-hosted gold-silver mineralisation at the Brecha-Comanche target within Cerro Verde in Ecuador.

• The discovery featured in the company's September quarter report, lodged with the ASX on 30 October.

• This update covers why the orientation matters, the existing resource and the trading halt.

Titan Minerals (ASX:TTM) reported a new style of shear-hosted gold-silver mineralisation at the Brecha-Comanche target within Cerro Verde, part of its wholly owned Dynasty Gold Project in Ecuador. The discovery featured in the company's September quarter report, lodged with the ASX on 30 October.

Hole CVDD26-199 intersected 33.5 metres at 6.6 g/t gold and 55.5 g/t silver from 236.7 metres, including 4.5 metres at 39.5 g/t gold and 362 g/t silver. Titan said the intercept sits outside the existing Mineral Resource.

Why the orientation matters

Titan interprets the mineralisation as associated with a shear zone inside a north-west-trending structural corridor of about 1.6 kilometres by 800 metres. Earlier drilling was largely sub-parallel to this structure, which suggests the style may have been missed by previous programmes. That is what makes the result different: it is not only another high-grade hit but a possible new geological control.

Titan has begun drilling perpendicular to the interpreted structures to test for repetitions and lateral extensions. Until that work is complete, the extent of the new style remains uncertain, and the reported intervals are downhole lengths.

Building confidence in the existing resource

Extensional drilling at Brecha-Comanche confirmed a 30-metre lateral continuation of mineralisation found in 2025, including 16 metres at 2.8 g/t gold and 9.1 g/t silver from 433.9 metres. Infill holes intersected mineralisation where the geological model predicted, with results such as 19.7 metres at 2.6 g/t gold and 14 g/t silver, and 22.1 metres at 2.5 g/t gold and 5.9 g/t silver.

Titan said the results support possible conversion of Inferred resources to the Indicated category within a conceptual open pit. Dynasty currently hosts a Mineral Resource of 65.55 million tonnes at 1.85 g/t gold and 12.38 g/t silver, containing 3.9 million ounces of gold and 26.1 million ounces of silver.

More rigs, later milestones

The company increased its fleet to four diamond rigs during the quarter and started a reverse circulation rig in mid-October for shallower resource and first-pass exploration drilling. An updated Mineral Resource Estimate and a Scoping Study are now targeted for the first quarter of 2027. A scoping study is an early-stage assessment and does not by itself establish an economic project.

Hancock's progress at Linderos

At the Linderos Copper Project, Hancock Prospecting Subsidiary Hanrine completed the third earn-in milestone by spending US$20 million, lifting its interest to 51%. The milestone was reached in under two years, well inside the seven years allowed. Partner funding allows Titan to retain copper exposure while concentrating its own spending on Dynasty.

The trading halt

Investors should note that Titan requested a Trading halt on 2 November, shortly after lodging a CEO remuneration update. It would be speculative to link the halt to any particular outcome.

Why it matters

A larger and higher-confidence Dynasty resource would strengthen any future development case, and the shear-hosted style could add tonnes outside the current model. The risks include Ecuador's permitting and political environment, drilling results that Fail to repeat, and Capital needs. Ecuador has attracted growing interest from international miners in recent years, but community relations and regulatory processes can extend timelines. Titan's decision to fund four rigs also implies a significant rate of spending, which makes the next funding step relevant to shareholders. Shareholders may therefore eventually see further capital raising at some future stage.

Next steps

Watch for the announcement that ends the trading halt, results from perpendicular drilling and the resource and scoping update in early 2027.

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