Titan Minerals

MATTHEW CARR

EXECUTIVE DIRECTOR / CEO

(ASX:TTM)

◾ Company Name: Titan Minerals ◾ Company ASX code: TTM ◾ Key Commodities: Gold, copper and silver ◾ Key Personnel: Matthew Carr, Executive Director and CEO | Peter Cook, Non-Executive Chairman ◾ Locations: Ecuador ◾ Market Cap as of 15/08/22: $83.20M ◾ FY22 Share price range – Low/High: $0.050 / $0.135 ◾ Company Website: titanminerals.com.au

COMPANY PROFILE

Titan Minerals has been focused on exploring its suite five exploration projects in Ecuador.

Its primary focus is the advanced stage Dynasty gold project in a large epithermal gold-silver vein district 25km north of the Peruvian border and it is not hard to see why when one considers that the project already hosts a resource of 2.1Moz of gold and 16.8Moz of silver.

This resource is certainly rich with an average gold grade of about 4.5g/t gold and nearly half of the resource contained within the higher confidence Indicated category, which supports mine planning.

With mineralisation remaining open in all directions, the company believes that Dynasty could be a multi-million ounce low-sulphidation epithermal gold-silver system with more tonnage – at lower grades – available once halos surrounding the highergrade mineralisation is taken into consideration.

Recent activity has highlighted the project’s potential with high-grade gold and silver intersections such as 9m at 5.22g/t gold and 13.37g/t silver highlighting the potential scale of the Cerro Verde prospect while drilling at the Comanche vein system continued to return substantially better intercepts than previously modelled while extending the strike of mineralisation.

Additionally, just 50% of the tenure at Dynasty has been explored to date.

Development is also expected to be relatively simple with a simple open pit or series of open pits over a 10km strike along with a series of underground developments using local topography to its advantage.

Considerable attention has also been placed on the Linderos copper porphyry and epithermal gold and Copper Duke copper-gold porphyry projects.

Linderos is another advanced project where exploration has defined a high sulphidation epithermal gold-silver system at the Meseta prospect and a substantial porphyry copper system at the Copper Ridge prospect.

Mineralisation at Meseta – as demonstrated by historical drilling such as 28.8m at 2.56g/t gold and 8.88m at 4.7g/t gold along with trenching of up 21m at 18.5g/t gold – features outcropping high sulphidation and subparallel veins over 1km in strike.

More recently, channel and rock chip sampling has returned high-grade results such as 4.5m at 12.69g/t gold and 3.48g/t silver.

Higher-grade gold values at the prospect are associated with massivesulphide polymetallic veins while extensive haloes of lower grade gold intersected in most drilling and channel sampling conducted to date is consistently related with free gold occurring in the intensely altered wallrock hosting extensive quartz veins of varying intensity.

Copper Ridge is a solid geophysical anomaly with an intrusive stock interpreted from magnetics and conductors interpreted from induced polarisation while surface trenching has returned excellent copper and coincident gold grades. Meanwhile, Copper Duke is an early exploration asset where initial channel sampling has confirmed the potential for gold-copper epithermal and porphyry systems.

The use of new geophysics, geochemical, mapping and geochemical datasets have allowed the company to define eight key prospect areas.

Titan also holds the Jerusalen and Copper Field projects with the former being located along strike from Lundin’s prolific Fruta Del Norte deposit and Luminex’s Condor and Santa Barbara gold prospects.

Jerusalen is a 2.25km2 tenement with a significant high-grade gold-silver epithermal resource.

KEY INVESTMENT HIGHLIGHTS

JUNE 9, 2022: Recent channel sampling at the Copper Ridge prospect within the Linderos project returned excellent copper and coincident molybdenum while sampling at Meseta returned strong gold. MAY 5, 2022: Titan’s final diamond assays from its maiden drill program returned more high-grade gold and silver hits at its flagship Dynasty gold project. MAY 23, 2022: Multiple high-grade gold and silver intersections returned from diamond drilling at Dynasty, indicating that previous estimates and projections of veins at the Cerro Verde prospect are correct.