Titan Minerals (TTM) H1 2026 earnings summary

Executive summary

• Achieved a major Mineral Resource Estimate (MRE) upgrade at Dynasty Gold Project, increasing gold and silver resources by 25% and 19% year-over-year, respectively, to 3.9Moz gold and 26.1Moz silver.

• Initiated a 10,000m resource growth and conversion drilling program and advanced scoping studies for Dynasty.

• Linderos Copper Project JV partner Hanrine completed a US$20M earn-in, reaching 51% project interest.

• Financial position strengthened by raising A$592k from option conversions.

Financial highlights

• Net loss for the half-year ended 30 June 2026 was US$3,066k, compared to US$2,180k loss for the same period in 2025.

• Cash and cash equivalents at 30 June 2026 were US$5,929k, down from US$12,138k at 31 December 2025.

• Net cash outflows from operating activities were US$2,092k; investing activities outflows were US$5,627k.

• Shareholders’ equity stood at US$67,634k as of 30 June 2026.

Outlook and guidance

• Dynasty scoping study and feasibility workstreams are well advanced, with infill drilling aimed at upgrading resources to Indicated category for future pre-feasibility and ore reserve studies.

• Directors believe the group can meet commitments for the next 12 months, but ongoing funding for exploration and development is subject to successful capital raising.