Titan Minerals Limited ("Titan") is pleased to announce positive results from additional metallurgical testwork on near-surface oxide ore at its Dynasty Gold Project in southern Ecuador. The latest testwork has confirmed gold recoveries of 85-88% and silver recoveries of 70-75%, reinforcing the viability of conventional processing methods and the strong economic potential of the project.
The testwork, conducted on oxide ore from the Cerro Verde prospect, validates historical recoveries achieved from previous mining operations, which were processed at the Svetlana 1 Plant in 2018-2019. Key findings include:
- Strong leaching characteristics at a coarse grind size (P80 of 106 µm)
- Rapid leaching kinetics, with the majority of gold extracted within eight hours
- Low chemical consumption, demonstrating efficient processing conditions
- Opportunity to further enhance recoveries through process optimisation
Titan Minerals' CEO, Melanie Leighton, commented:
"It’s encouraging that this round of testwork has validated historical processing outcomes from previous mining of near-surface oxide ores at Cerro Verde. Additional leach and comminution testwork is underway on transitional and primary ore domains from the Cerro Verde and Iguana prospects, where we expect to deliver an outcome proving an overall project development concept, demonstrating the amenability of conventional processing technologies for extraction of gold and silver from these domains."
Titan is advancing an extensive drilling campaign at the Dynasty Gold Project, with three rigs operating around the clock. The Cerro Verde prospect currently hosts a resource of 28.8 Mt @ 2.08 g/t gold and 13 g/t silver, containing 1.9 Moz of gold and 12 Moz of silver. The Company remains well-funded to accelerate exploration and project development, capitalising on strong gold and silver prices. Several key milestones are expected in 2025, further unlocking value for shareholders.