Titan Minerals
Financials:
Primary ticker: ASX:TTM
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Project to promote: Dynasty, Linderos and Copper Duke
Project location: Ecuador
Website: www.titanminerals.com.au
Cash: USD$9.75M
Debt: Nil
Major shareholders:
Tribeca – 5%
Management Ownership – 5%
Management Profile
Matthew Carr – Executive Director and Acting Chief Executive Officer
Mr Carr is a successful and experienced company director having founded Urban Capital Group. Urban Capital Group is a private equity company with a strong focus on property backed investment and security. Matthew is also the Non-Executive Chairman of Andina.
Peter Cook – Non-Executive Chairman
Mr Cook is a Geologist with over 35 years of experience in the field of exploration, project, operational and corporate management of mining companies. Over the past two decades, Peter has founded or served as Managing Director or Chairman for many successful mining and resource development companies in gold and base metals. He is currently the Non-Executive Chairman of Westgold Resources Limited (ASX: WGX), where he was previously Executive Chairman before recently deciding to step back from all executive roles. Peter is also the Non-Executive Chairman of Castile Resources Limited (ASX: CST) and served as the Non-executive Chairman of Nelson Resources Limited (ASX: NES) until February 2019.
Over his distinguished career Peter has been recognised by the industry, being awarded the GMJ Mining Executive of the year in 2001, the Asia-Mining Executive of the year awarded at the Mines and Money Conference in Hong Kong in 2015, the Mining News CEO of the Year award in 2018 and the Gavin Thomas Mining Award in 2019.
What is your rationale for taking part 121 Mining Investment?
We would like to introduce Titan Minerals to investors and to discuss the development and progress being made at Dynasty, Linderos and Copper Duke projects.
What recent news would you like to highlight to investors attending?
28/2/22 More High-grade Gold & Silver at Dynasty
27/1/22 Titan Minerals Appoints Pablo Morelli as Exploration Manager
17/12/21 Dynasty Gold Project Drilling Results
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Continue to deliver Dynasty assay drill results to the market
Commence drilling at the highly prospective Linderos Project
6 Months:
Announce JORC Resource at Dynasty
Continue drilling at Linderos and announce results of geochem sampling at Copper Duke
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key risks are:
1. Obtaining and maintaining a social license in all the communities and jurisdictions in which we operate. This requires an ongoing honest and transparent dialogue with all stakeholders that is based upon the realistic expectations of all the parties involved.
2. The political risk in Ecuador is not insignificant and requires that a good working relationship be developed between the company and local, regional and national government agencies.
3. Ensuring access to adequate capital at all stages of project development.
The key to addressing these risks is the main challenge; to recruit, lead, motivate and retain staff with experience relevant to the job at hand.
Risk is reduced further by implementation of an effective written plan to develop the assets and grow the business over time. As part of the decision making process, the plan should be referred to on a regular basis and reviewed and modified as required when circumstances within the business and market change significantly.
What do you think makes your company such a compelling investment?
Titan Minerals is focused on exploring and developing potential copper gold projects in Ecuador’s southern Andean copper gold belt. The Company’s flagship asset is the Dynasty Gold Project that consists of 2.1Moz at 4.5g/t gold.
Titan’s strategy is to conduct a drilling campaign across Dynasty and deliver a JORC resource following the 2021 drill results. Titan also is excited by the high grade gold exploration potential at Linderos’ Meseta Gold Camp and the copper porphyry potential at Copper Ridge. The discovery potential at Linderos has attracted quality geologists to Titan’s team.
What are the top 3 key investor takeaways?
– Dynasty has a 2Moz resource and is underexplored with exceptional exploration upside
– The project offers high grade bulk tonnage potential, 220kt of material from Dynasty has been previously mined at a 3.2g/t head grade
– Previous drilling and trench sampling indicate a high potential for Linderos to be a porphyry discovery