Titan Minerals (TTM) Q3 2026 earnings summary

Executive summary

• Dynasty drilling discovered high-grade shear-hosted gold-silver mineralisation outside the current resource and extended known mineralisation; drilling and resource work are being expanded.

• Hanrine earned a 51% interest in Linderos after spending US$20 million; the project has a 49% free-carried interest until the next earn-in milestone.

Financial highlights

• Quarter-end cash was US$2.839 million (A$4.08 million), compared with US$5.933 million at the prior quarter end.

• Net operating cash outflow was US$771,000 and investing cash outflow was US$2.409 million in the quarter; nine-month outflows were US$1.976 million and US$7.738 million, respectively.

Outlook and guidance

• Updated Dynasty MRE and Scoping Study are targeted for Q1 2027; added drilling is intended to test growth targets and inform the study.

• The Scoping Study is expected to incorporate the expanded drilling and MRE update, with potential to improve annual production targets and project economics.