Titan Minerals Drills 33.5m at 6.6 g/t Gold Beyond Dynasty Resource

Titan Minerals has drilled gold mineralisation beyond the edge of its existing 3.9-million-ounce Dynasty resource, and one hole makes the case plainly: 33.5 metres at 6.6 g/t gold from a zone that sits outside the current resource boundary.

That intercept is not an isolated flourish. It arrived inside a 30,000-metre drilling campaign that is adding rigs, chasing extensions on multiple fronts, and heading toward a resource update and scoping study both targeted for Q1 2027.

In other words, Dynasty is in active expansion mode. The 3.9 Moz figure on the books is a starting point, not a full stop, and the next few months of assay results are designed to test how much bigger the deposit gets.

Here is what the recent drilling actually shows, how the program is built, where the resource stands today, and which catalysts to watch before that Q1 2027 milestone lands.

Mineralisation breaks outside the resource boundary on two fronts

The headline result comes from drill hole CVDD26-199, reported on 19 August 2026. It returned 33.5 metres at 6.6 g/t gold and 55.5 g/t silver from 236.7 metres depth, and it identifies a new zone of shear-hosted gold-silver mineralisation sitting outside the current JORC resource boundary. This is fresh ground, not infill within the known envelope.

Within that intercept sits a much richer core.

Standout interval within CVDD26-199 4.5 metres at 39.5 g/t gold and 362 g/t silver

Then came confirmation that this is a pattern rather than a one-off. Around 10 September 2026, Titan reported an extensional hole returning 16 metres at 2.8 g/t gold and 9.1 g/t silver, a 30-metre step-out on a single lode that also lands outside the resource boundary. Separate extensional work at Brecha-Comanche, reported 7 September 2026, confirmed a 30-metre lateral extension to mineralisation first found during the 2025 campaign.

CEO Melanie Leighton characterised the extensional drilling as confirming growth beyond the current resource, and the geometry backs that up: the system is opening in more than one direction at once.

The current extensional program builds on a track record that was already developing momentum: Dynasty’s 2025 drill results established the high-grade zones that the 2026 campaign is now stepping out from, providing the geological context needed to interpret where new intercepts sit relative to previously defined mineralisation.

A caveat matters here. All these intercepts are down-hole widths, and true widths require further structural analysis before the real thickness of each zone is known.

For ASX investors, the read is direct. Extensions beyond the resource boundary are the single clearest indicator of resource growth potential, and the next resource update will need to account for zones that do not yet exist in the official 3.9 Moz estimate.

A four-rig campaign heading for 30,000 metres with an RC rig joining in October

The scale here is deliberate, not just a raw metre count. As of early September 2026, four diamond drilling rigs were active at Dynasty, working within a total campaign scope of roughly 30,000 metres. That is the highest operational tempo the project has run.

A fifth machine is on the way. A reverse circulation (RC) rig is scheduled for deployment in October 2026, and its role is specific: screen emerging extension targets and more exploratory areas rapidly and economically, reserving diamond rigs for the follow-up work that matters most.

Follow-up on the CVDD26-199 discovery is already moving. Drilling targeting repetitions and lateral extensions of that shear-hosted zone was scheduled to begin within a fortnight of the 21 August 2026 announcement.

For context on how the fleet scaled through the year, the June 2026 quarter alone saw 2,395 metres of exploration, extension, and infill diamond drilling at Cerro Verde, plus 1,045 metres at the Gissell porphyry copper target. Leighton confirmed both the RC rig timing and the 30,000-metre scope via Proactive Investors in September 2026.

The current configuration in brief:

• Four diamond rigs active at Dynasty as of early September 2026
• RC rig arriving October 2026
• Total program scope of approximately 30,000 metres
• Follow-up drilling on CVDD26-199 already underway

The sequencing tells you something about newsflow. Prioritising RC screening now means assay results should accelerate through the October to December 2026 window before diamond confirmation narrows the focus.

Why the RC rig approach makes sense at this stage

RC drilling is faster and cheaper per metre than diamond drilling, which makes it the right tool for screening new targets rather than defining a resource. When you want to cover ground quickly, it earns its place.

Standout RC results will then be confirmed with diamond drilling before being incorporated into any resource estimate, which is standard industry practice in complex vein systems like Dynasty’s.

There is a trade-off you should factor in. RC chips provide far less structural information than oriented diamond core, so the method is screening-grade rather than resource-grade at this stage of the program.

What the current resource base looks like and where it is heading

Start with what already exists. The March 2026 Mineral Resource Estimate, which incorporated roughly 22,400 metres of resource drilling at Cerro Verde, put Dynasty at 3.9 million ounces of gold and 26.1 million ounces of silver.

Dynasty current resource base (March 2026 MRE) 3.9 million ounces gold and 26.1 million ounces silver

That resource is classified as approximately 31% Indicated and 69% Inferred under JORC. A JORC Resource is a concentration of minerals with reasonable prospects for eventual economic extraction, classified by confidence level as Inferred, Indicated, or Measured, with Inferred being the lowest confidence tier.

The confidence split matters as much as the ounce count, and JORC resource classification determines how bankable those ounces are when it comes to project financing and scoping study inputs.

The confidence split matters as much as the ounce count. With 69% of the resource still Inferred, a successful infill program can materially upgrade classification, and that upgrade is what any future scoping study and project financing discussion will lean on.

Mineralisation across the Dynasty system also remains open laterally and at depth, which means the resource envelope is not yet bounded on multiple sides. There is room to grow the number and the confidence behind it.

That is where the current campaign connects to the forward milestones. Titan is targeting both an updated MRE and a scoping study for Q1 2027, with the resource update designed to feed directly into the scoping study that is already underway.

The Q1 2027 milestone breaks down as:

• An updated MRE incorporating all results from the 30,000-metre program
• A scoping study delivering the project’s first public economic framework
• Direct linkage between the two, with the new resource built straight into the study

Note one timeline change without reading too much into it: an earlier scoping study target of Q4 2026 was revised to Q1 2027 as the program scope expanded. For market context, Titan Minerals (ASX: TTM) traded around AUD 0.60 with a market capitalisation of roughly AUD 173 million as of 10-11 September 2026. Understanding where the resource sits now is the baseline for judging what the update can deliver.

Catalysts building through the end of 2026 and into Q1 2027

The newsflow is unlikely to go quiet between now and the resource update. The catalyst sequence stacks up clearly:

1. Ongoing assay results from current drilling
2. CVDD26-199 follow-up results targeting repetitions and lateral extensions
3. RC rig deployment in October 2026
4. Continued extensional and infill diamond drilling results through year-end
5. Q1 2027 updated MRE
6. Q1 2027 scoping study delivery

That density of data points, arriving across the final quarter of 2026 and into January 2027, is one of the busiest catalyst pipelines in Titan’s recent history. The RC rig results and the two Q1 2027 documents carry the most weight, and those are the ones to prioritise.

A word of discipline applies to each result. Early extensional intercepts sitting outside the resource boundary are indicators of potential, not confirmed additions, until follow-up drilling demonstrates continuity at the density JORC classification requires.

What investors should keep in mind about Ecuador and early extensional results

Dynasty sits in southern Ecuador, and jurisdiction is part of the picture. The Fraser Institute has consistently placed Ecuador in the mid-to-lower range for investment attractiveness, citing permitting timelines and regulatory stability. Social licence dynamics and political risk are real factors that have affected other projects in the country and can move timelines independently of drilling success.

Ecuador’s mining regulatory environment has been evolving through 2026, with reform efforts aimed at improving permitting timelines and investor protections, though the pace and consistency of those changes remains a live variable for projects like Dynasty that are approaching the scoping study stage.

On the geology, widely spaced extensional holes are indicative rather than definitive. New zones need infill drilling to demonstrate continuity before they can be classified as Indicated or Measured under JORC.

The JORC continuity requirements for resource classification specify that widely spaced extensional holes cannot support Indicated or Measured classification without infill drilling demonstrating geological and grade continuity at sufficient density.

Treat these as standard due diligence context rather than Dynasty-specific warning signs. They are the same considerations any investor applies to an Ecuador-focused junior.

What Q1 2027 could mean for Dynasty’s standing as a development-stage asset

Pull the threads together and a clear picture forms. Extensional intercepts are breaking beyond the resource boundary, a 30,000-metre program is feeding the drill bit, an RC rig arrives in October, and two milestones converge in Q1 2027.

The scoping study is the one that changes the conversation. It will provide the first public economic framework for Dynasty, a step change in disclosure from the project’s current resource-stage status.

That is the transition worth watching: Dynasty moves from a resource with upside to a project with a publicly stated economic case, and the current drilling intensity exists precisely to support that shift.

For investors wanting to understand what Dynasty’s scoping study will actually contain and how to interpret its outputs, our dedicated guide to economic feasibility studies explains the NPV, IRR, and capital cost frameworks that transform a resource into a publicly assessable project.

Titan Minerals is targeting both an updated resource estimate and a scoping study for the Dynasty Gold Project in Q1 2027, with the expanded resource to be incorporated directly into the study, according to CEO Melanie Leighton via Proactive Investors (September 2026).

For ASX investors weighing Titan against a market capitalisation near AUD 173 million, Q1 2027 is the first chance to assess Dynasty on economics rather than geology alone. The next six months of results are the evidence base that will decide how compelling that case turns out to be.

This article is for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with financial professionals before making investment decisions. Past performance does not guarantee future results, and forward-looking statements about drilling outcomes, resource updates, and scoping study timelines are speculative and subject to change based on market developments and company performance.