Titan confirms kilometre-scale copper system as Hancock earns 51% of Linderos
Jane Morgan Management
21 July 2026 – Subiaco, WA | Titan Minerals (ASX: TTM) has confirmed a kilometre-scale porphyry copper system at its Linderos Project in Ecuador, as Hancock Prospecting subsidiary Hanrine completed a US$20 million earn-in commitment to secure a 51% interest in the project.
The latest drilling at the Copper Ridge prospect returned broad zones of copper-gold-silver-molybdenum mineralisation, led by a 700.4-metre intersection grading 0.36% copper equivalent from 270.3 metres in hole DHCR-15.
That interval included 20 metres at 0.82% copper equivalent and a separate 164.8-metre section at 0.52% copper equivalent. A second hole, DHCR-14, intersected 302.3 metres at 0.32% copper equivalent from 197.1 metres, including 102.3 metres at 0.37%.
Copper equivalent combines the value of copper with associated gold, silver and molybdenum using the commodity price and recovery assumptions disclosed by Titan.
The drilling has now outlined mineralisation across more than one kilometre of strike and to a depth of about one kilometre. Importantly for further exploration, the system remains open to the south and at depth, while the latest work indicates it is larger than the area previously defined by Titan’s drilling.
Higher-grade copper mineralisation has been linked to an altered diorite porphyry unit in the southern part of Copper Ridge. Titan said this geological setting, together with identified structural corridors, would guide future drill targeting.
The results also coincide with a significant change in the project’s ownership structure.
Hanrine has completed the third milestone under the Linderos joint venture and earn-in agreement after spending an aggregate US$20 million. The milestone lifts Hanrine’s interest to 51%, despite the agreement allowing up to seven years for the commitment to be met. Hanrine achieved it in less than two years.
Titan will receive a US$1 million cash payment once the transfer of the 51% mineral concession ownership to Hanrine is completed. The administrative process required to finalise that transfer is underway.
Titan retains a 49% interest and will remain free-carried while Hanrine funds and manages project activities towards the final earn-in milestone. Hanrine can increase its ownership to 80% by reaching a decision to mine or taking total project expenditure to US$120 million, whichever occurs first.
Titan chief executive Melanie Leighton said:
“I am thrilled to be announcing more standout results from drilling completed at the Linderos Copper Project, by our JVA partner Hanrine, subsidiary company of Hancock Prospecting.”
“Hanrine have earned 51% ownership in Linderos while Titan retain 49% ownership of Linderos and are free-carried until Hanrine reach 80% ownership. I look forward to delivering further exploration and development results as they are available.”
Hanrine has completed 18 diamond holes totalling about 17,800 metres since beginning exploration at Linderos in November 2024. Combined with earlier work, total drilling across the Copper Ridge and Meseta prospects has reached 45 holes for approximately 23,920 metres.
The next phase will test three identified extensions to the Copper Ridge system.
Two holes are planned to target the southern extension of the higher-grade mineralisation, while one hole will test a north-eastern target associated with near-surface alteration and copper mineralisation. A further two holes are planned in the north-west, where earlier drilling returned geochemical indications of moderate to high-grade copper mineralisation.
Hanrine is also analysing the drilling and surface geochemical information collected across the project, with further updates expected as drilling progresses and results become available.
About us:
About the Linderos Project
The Linderos Project is located 20km southwest of the Company’s flagship Dynasty Gold Project and is comprised of four contiguous concessions totalling an area of 143km² located near the Peruvian border in southern Ecuador’s Loja Province.
Located in a major flexure of the Andean Terrane, the Linderos Project is situated within a corridor of mineralisation extending from Peru through northern Ecuador that is associated with Palaeocene to late Miocene aged intrusions.
The majority of porphyry copper and epithermal gold deposits in southern Ecuador are associated with magmatism in this age range, with a number of these younger intrusions located along the margin of the extensive Cretaceous aged Tangula Batholith forming a favourable structural and metallogenic corridor for intrusion activity where Titan minerals holds a significant land position in southern Ecuador.
Contact details:
Melanie Leighton
Chief Executive Officer
Ph: +61 8 6555 2950
Jane Morgan
Investor & Media Relations
Ph: + 61 405 555 618
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Figure 1. Long section looking west, displaying drill traces coloured by Cu% and Au ppm (red histogram). As can be observed, mineralisation remains to the south where high-grade porphyry copper mineralisation has been intersected in Hanrine's latest -
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Figure 2. Plan view of the Copper Ridge prospect displaying interpreted surface geology and drilling (drill traces coloured by Cu%) and A-A' long section as observed in Figure 1. -
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Figure 3. Plan view showing drilling completed at the Copper Ridge prospect and three extensional target areas that require follow up drilling.
