Titan agreement provides additional ore feed
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Titan Minerals Ltd (ASX:TTM) has executed a binding agreement (Cession Agreement) for an exclusive right to hold title and operate a 100% interest in the Coriorcco Gold Project located in Southern Peru, an initiative that builds on its strategy of growing its presence in South America while also identifying projects that can provide additional ore for its Vista Gold Plant.
Titan Minerals is the owner and operator of a number of gold assets in the well-established mining region of Southern Peru.
This includes the centralised Vista processing plant which produces loaded carbon from a CIP (carbon in pulp) gold circuit, with feed sourced from third party operators previously averaging 15 to 20 grams per tonne gold head grades.
The Cession Agreement is for a 10-year term, with an option to extend for eight years, pursuant to which payments include a US$100,000 advance to be offset against future production payments fixed for the first three years for any gold production from the project and production payments subsequently varying with gold grade.
The Coriorcco project is only 80 kilometres from the group’s Vista plant, and given that it is ready for development, it is well-placed to deliver low-cost feed from its near surface mineralisation which includes widths of more than 1.2 metres.
Opens up multiple development opportunities
This development comes on the back of the acquisition of the nearby Las Antas Gold Project, leaving a number of options open to Titan regarding the development of a large scale project.
In essence, the Coriorcco project provides a low-cost entry into a highly prospective project with potential to bring significant financial benefit to the Vista Gold Plant in the near term, along with resource growth potential for the company in the future.
The project has an existing camp and boasts two existing underground adits with over 1500 metres of existing underground development.
Work will immediately commence on permitting requirements to concurrently drill and also access and assess the mineralisation in the existing underground development.
Planned work will initially focus on defining and developing the potential to deliver mineralised material to the Vista Gold Plant in the short term, with the intention to predominantly fund exploration work in support of the Vista Plant from the cash flow generated by the existing processing capability of the company in Peru.
This development should be well received by investors as it represents the achievement of another milestone in generating larger scale production from the Vista Plant, potentially providing the cash flow to expand the project and conduct exploration across its mine portfolio.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
