Titan Minerals Limited (ASX:TTM) has announced encouraging results from recent metallurgical testwork conducted on near-surface oxide ore at its Dynasty Gold Project in southern Ecuador.
The tests, performed on samples from the Cerro Verde prospect, have confirmed gold recoveries of 85 to 88 per cent and silver recoveries of 70 to 75 per cent.
These findings validate historical recovery rates from previous mining operations processed at the Svetlana 1 Plant in 2018-2019, reinforcing the viability of conventional processing methods for the project.
Key highlights of the testwork include strong leaching characteristics at a coarse grind size, rapid leaching kinetics with most gold extracted within eight hours, and low chemical consumption.
Titan Minerals’ CEO, Melanie Leighton, expressed optimism about the results, stating: “It’s encouraging that this round of testwork has validated historical processing outcomes from previous mining of near-surface oxide ores at Cerro Verde.”
Leighton also mentioned ongoing additional leach and comminution testwork on transitional and primary ore domains from the Cerro Verde and Iguana prospects.
The company is currently advancing an extensive drilling campaign at the Dynasty Gold Project, with three rigs operating continuously.
The Cerro Verde prospect, which is the focus of this testwork, currently hosts a significant resource of 28.8 million tonnes at 2.08 g/t gold and 13 g/t silver, containing 1.9 million ounces of gold and 12 million ounces of silver.
Titan Minerals remains well-funded to accelerate exploration and project development, positioning itself to capitalise on strong gold and silver prices.
The company anticipates several key milestones in 2025, which are expected to further unlock value for shareholders.
As the project progresses, additional testwork is recommended to further optimise the results and strengthen them to scoping study level.
The company’s focus on resource growth and conversion at the Cerro Verde prospect, coupled with these promising metallurgical results, underscores the potential of the Dynasty Gold Project as a significant asset in Titan Minerals’ portfolio.
