
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...
9h
Top 5 Junior Copper Stocks on the TSXV in 2025
Junior copper stocks are seeing significant support from the copper supply/demand story in 2025 as companies work to make the next big copper discovery.Copper markets tightened in 2025 as demand for the red metal grew steadily and supply was impacted by significant disruptions. The price was... Keep Reading...
9h
Low-impact, High-reward ISR Copper Extraction Gains Investment Momentum
In the delicate balancing act between meeting the rising global demand for critical minerals and ensuring environmental responsibility in resource extraction, processes and technologies that can achieve both aims are winning in the eyes of junior explorers and investors.In copper mining, in-situ... Keep Reading...
12 December
PPC, Lundin Freeze 2026 Processing Fees as Smelters Near Breaking Point
Japan’s largest copper smelter has secured a rare reprieve in one of the tightest processing-fee environments the industry has ever seen.According to media reports, Pan Pacific Copper has agreed with Lundin Mining (TSX:LUN,OTC Pink:LUNMF) to roll over treatment and refining charges for 2026... Keep Reading...
11 December
5 Best-performing Copper Stocks on the TSX in 2025
Copper prices were volatile in 2025 amid several competing narratives, including the possibility of a global recession early in the year and tariff measures in July. By the end of the year, prices found support as supply and demand conditions came into focus and pointed to a deepening supply... Keep Reading...
11 December
Top 5 ASX Copper Stocks of 2025
Copper prices have been volatile in 2025 due to geopolitical events, plus shifting supply/demand dynamics. Overall, prices were on an upward trajectory throughout the year as demand growth accelerated on the back of the development of artificial intelligence, the growing need for data centres... Keep Reading...
09 December
Copper Price Forecast: Top Trends for Copper in 2026
Copper prices were volatile in 2025 due to supply constraints, high demand and geopolitical concerns.Experts are calling for many of these trends to carry over into 2026, sending the market into deficit. Beyond supply and demand fundamentals, copper will also be met with global uncertainty as... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






