
September 17, 2024
Hanrine to spend up to US$120M to earn 80% in Linderos Copper Project
Titan Minerals Limited (ASX: TTM) (Titan or the Company) refers to its ASX announcement dated 18 April 2024 and is pleased to announce that Titan and its wholly owned subsidiary, Linderos Mining S.A.S (Linderos), have executed a binding joint venture and earn-in agreement (JVA) with Hanrine Ecuadorian Exploration and Mining S.A. (Hanrine), an indirectly wholly owned subsidiary of Hancock Prospecting Pty Ltd (Hancock), for Hanrine to acquire up to an 8o% ownership interest in the Linderos Copper Project (Project) in Ecuador (Transaction).
Highlights
- Titan and Hanrine, a wholly owned subsidiary of Hancock, have executed a formal binding joint venture and earn-in agreement in respect to the Linderos Copper Project in Ecuador
- Hanrine will earn an initial 5% interest in the Linderos Copper Project by paying US$2.01 million and can earn up to an 80% interest in the Linderos Copper Project by either achieving specific exploration milestones and proceeding to a decision to mine or by sole funding up to US$120 (AU$180) million
- Preparation for the initial 10,000m drilling campaign is underway, with technical site visits and meetings held and logistics planning now well advanced to facilitate drilling and associated exploration activities
Titan’s CEO Melanie Leighton commented:
“We are very pleased to have entered into formal binding arrangements with Hanrine for the Linderos Copper Project. The JV & earn-in agreement represents endorsement of what we believe is an exciting early-stage porphyry copper-gold discovery.
“We are well advanced in our technical discussions with Hanrine who are ready to commence exploration activities at the Linderos Copper Project, with expansion of the camp being the first task on the priority list to ensure seamless and efficient operations once drilling commences.
“We are pleased to be partnering with Hanrine, who have a well-established team in-country with the technical capability and financial capacity for us to mutually benefit from exploration success alongside contribution to the economy of Ecuador. We look forward to providing further updates on logistics and exploration activities as we prepare for commencement of the initial 10,000 metre drilling campaign at Linderos.”
Click here for the full ASX Release
This article includes content from Titan Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
TTM:AU
The Conversation (0)
31 March 2022
Titan Minerals
Developing Ecuador’s Underexplored High-Grade Mineral Deposits
Developing Ecuador’s Underexplored High-Grade Mineral Deposits Keep Reading...
13h
When Will Copper Prices Go Up?
Copper is the third most-used metal in the world, and experts believe demand for this important commodity is set to rise in the coming years. At the same time, the supply situation is expected to tighten up. For that reason, market watchers may be asking, “When will copper go up?” Copper prices... Keep Reading...
13h
Domestic Metals Advances Rio Tinto JV Smart Creek Project, Eyes Major Discovery
Domestic Metals (TSXV:DMCU,OTCQB:DMCUF) Director, President and CEO Gord Neal said that the company will commence drilling at its flagship Smart Creek project in Montana by late March or early April 2026.Smart Creek is a 60/40 joint venture with mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO).... Keep Reading...
14h
Nine Mile Metals Maintains Wedge Project Purchase Option with Third Anniversary Payments
CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces that it has proceeded with its third anniversary payment under its option to Purchase 100% of the Wedge Project, dated February 9, 2023, (the "Option Agreement") with Slam Exploration Ltd. ("Slam").The... Keep Reading...
10 March
Benchmark: Surging Copper Prices Highlight Looming Global Supply Challenges
Copper prices surged through 2025 and into 2026, placing the red metal firmly back into the spotlight as concerns about a looming global supply shortfall mount among market watchers. Analysts say the tightening outlook reflects a powerful mix of rising demand — driven by urbanization, the energy... Keep Reading...
04 March
Teck VP Highlights China's Major Role in Evolving Copper Markets
Copper prices have surged since the middle of 2025, as tariffs, rising demand and supply disruptions came together to create the perfect storm for metals traders.These factors are helping raise awareness of the challenges copper producers will face in the coming years, as supply deficits are... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






