Titan Minerals (TTM) H2 2025 earnings summary

Executive summary

• 2025 marked a transformational year with significant progress at the Dynasty Gold Project and advances at the Linderos Copper Project under a joint venture with Hancock Prospecting.

• Dynasty Gold Project's updated Mineral Resource Estimate (MRE) delivered a 25% increase in contained gold ounces and 19% in silver, now totaling 3.9Moz gold and 26.1Moz silver.

• Lingbao Gold International invested US$10 million for a 9.9% stake at a 33% premium, strengthening the shareholder base and providing capital for further development.

Financial highlights

• Net loss for the year ended 31 December 2025 was US$4.11 million, an improvement from US$6.29 million in 2024.

• Cash balance at year-end was US$12.14 million, with 286.5 million shares on issue.

• The company is now debt-free after repaying its outstanding loan facility of A$2.1 million.

• Share-based payment expense for 2025 was US$161,000; total key management compensation was US$678,000.

Outlook and guidance

• Feasibility studies for Dynasty Gold Project are set to commence in 2026, with drilling planned to further expand resources.

• Ongoing drilling at Linderos Copper Project aims to increase Hanrine's stake to 51% and further delineate the porphyry copper system.

• Preparations are underway for a maiden drilling campaign at Copper Duke Project in 2026.