TITAN MINERALS (ASX: TTM) Receives US$10 Million from Lingbao Gold for 9.9% Strategic Investment
Jane Morgan Management
Titan Minerals Limited (ASX: TTM) (“Titan” or the “Company”) is pleased to announce it has received US$10 million from Lingbao Gold International Company Ltd (Lingbao) following execution of a subscription agreement under which Lingbao will acquire a 9.9% stake in Titan.
The funds were received just three business days after the agreement was signed, demonstrating Lingbao’s strong commitment to the partnership. The US$10 million strategic investment will accelerate resource drilling and derisking studies at Titan’s flagship Dynasty Gold Project in southern Ecuador, where four diamond rigs are currently in operation. A resource update is scheduled for Q1 2026.
Lingbao is a US$3.5 billion market capitalisation gold mining, processing and refining enterprise headquartered in China and listed on the Hong Kong Stock Exchange (HKEX). Lingbao’s experience and operational scale present multiple synergies with Titan’s planned development pathway for the Dynasty Project.
The two companies have entered into an exclusivity agreement, granting Lingbao a 90-day due diligence window to explore a potential project-level transaction at Dynasty. Lingbao also holds a 180-day right of first refusal over any disposal of all or part of the project.
Titan’s CEO, Melanie Leighton, commented:
“Receipt of funds just three business days after executing the subscription agreement provides strong confidence in Lingbao’s commitment to Titan as a strategic investor and their desire to gain exposure to Titan’s 100% owned gold and copper projects in Ecuador. In particular, Lingbao are eager to progress to the next stage, which contemplates a project level transaction for the Dynasty Gold Project.”
“We look forward to collaborating with Lingbao and leveraging their technical expertise, as we work toward unlocking the value of Dynasty’s 3.1Moz gold, 22Moz silver resource. With a resource upgrade and the completion of mine studies scheduled for early 2026, we are set to deliver significant news flow and shareholder value as we grow and derisk the Dynasty Gold Project.”
“Considering the current record-breaking gold and silver price environment and that the Dynasty Project has a small-scale mining permit in place, there is potential for near-term licensed production of up to 3,000 tonnes per day (across three concessions which contain resources), which amounts to more than 1Mt of potential production per annum. This represents a near-term mining scenario should Titan wish to explore this opportunity.”
Use of Funds and Ongoing Work
Funds from the placement will be directed toward expanding and advancing the Dynasty Gold Project’s 3.1Moz gold and 22Moz silver resource, which has grown through more than 25,000 metres of recent drilling since the 2023 Mineral Resource Estimate.
Key work programs underway include:
● An 8,000m diamond drill campaign at the Cerro Verde prospect, which hosts two-thirds of the Dynasty resource.
● Updated Mineral Resource Estimate (MRE) scheduled for early Q1 2026.
● Metallurgical testwork confirming high gold recoveries of up to 91%.
● Preliminary mine studies and tailings storage facility design work.
● Environmental baseline studies underway to support future large-scale mining permits.
About us:
About Lingbao Gold Group Company Ltd
Lingbao Gold Group Company Ltd. (SEHK: 03330) (Lingbao Gold) is a private gold enterprise registered in China, founded in 2002 and publicly listed on the main board of Hong Kong Stock Exchange (HKEX). Lingbao Gold controlling shareholder Shenzhen JSWY Holdings Co. Ltd. has a 39% stake.
The company specialises in the integrated exploration, mining, processing, smelting, and refining of gold and associated metals. With five mining production bases across China and one in the Kyrgyz Republic, the company's annual self-mined gold production in 2025 is projected to be approximately 200,000 ounces, excluding the gold produced by its smelter.
Its core products include "Lingjin" national-standard gold ingots, silver, electrolytic copper, and sulfuric acid.
In 2024, Lingbao Gold was recognised as the “Rising New Star” of HKEX listed gold companies. In 2025, with its market cap at HK$26 billion, nearly 10-times increase over the past two years, its story of rapid growth continues.
Contact details:
Chloe Hayes - [email protected]