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TITAN MINERALS LTD Corporate Structure Issued Shares : 1.391 billion Issued Options : 92.6 million Share Price : $ 0.115 Market Cap ( 29/10/21 ) : A $ 160m Titan Minerals Ltd ( ASX : TTM ) is an explorer and developer of the rich cordilleras of the Andes in Southern Ecuador . Titan's main projects are rich in porphyry copper , gold and silver mineralisation and range from early - stage exploration to advanced pre - development status . They include : 1. Dynasty Gold Project ; 2. Copper Duke Project ; 3 . Linderos Project ; 4 . Jerusalem Project . Board of Directors Peter G Cook - Non - exec Chairman Laurie Marsland - Managing Director Matthew Carr - Executive Director • • • Nicholas Rowley - Non - exec Director Barry Bourne - Non - Exec . Director • Zane Lewis - Company Secretary Key Management Mike Skead - Executive Vice President Exploration Siniša Glišić - Exploration Manager HIGHLIGHTS The addition of three highly experienced industry professionals to strengthen the Board and management : ○ о O The August 29 2021 appointment of veteran geologist and mineral economist , Mr. Peter Cook to the Board as Non - Executive Chairman . The October 19 2021 appointment of highly experience geologist and geophysicist , Mr. Barry Bourne to the Board as an Independent Non- executive Director . The August 30 2021 appointment of highly experienced geologist , Mr. Michael Skead as Executive Vice - President Exploration . Completion of corporate restructuring of groups assets post acquisition of Core Gold Inc. and payment from the sale of the Peruvian asset and Zaruma began to flow . Government , regulatory and community relationships flourished , and on- ground exploration commenced at the groups Dynasty and Linderos Prospects . A capital raising of A $ 18 million was completed to clients of Canaccord Genuity , Australia . Significantly , Canaccord took its 5 % placement fee in shares and private high - yielding lenders to the company also got behind the group converting and / or agreeing to convert outstanding debts into equity at the same price as the raising . The Company is now well funded for its immediate exploration programs . Exploration drilling commenced at the Dynasty Project with the initial programs focused on resource definition and infill of the Cerro Verde Zone in line with objectives to further validate the historic foreign resource estimate and further extend known mineralization . By the end of the quarter 54 holes had been completed with assay results received from 18 holes ( 3,390m ) . Better intercepts received so far include : O 1.54m @ 13.5g / t gold from 131.15m within 5.68m @ 4.63 g / t gold - CVD016 ○ 25m @ 1.30 g / t gold from 19.44m and 1.54m @ 4.73 g / t gold from 53.16m - CVD014 о 1.99m @ 4.24g / t gold ; within 10.72m @ 1.83g / t gold from 118.74m – CVD008 One deeper hole pushed on to show intercepts attractive for underground mining from newly discovered veins including : 7.07m @ 2.60g / t gold from 28.77m and 2.5m @ 7.51g / t gold from 408.8m within 8.37m @ 2.51g / t gold , and 2.33m @ 4.04g / t gold from 594.12m in CVD011 Additional channel sampling of new veins at Cerro Verde continued with channel CVC10 returning notable intercepts of 11.52m @ 3.32g / t gold , 10.56m @ 4.14g / t gold and 6.66m @ 4.16g / t gold . Titan Minerals Limited , Suite 6 , 295 Rokeby Road Subiaco WA 6008 , +61 8 65552950 www.titanminerals.com.au Laurie Marsland Managing Director laurie@titanminerals.com.au Matthew Carr Executive Director matthew.carr@titanminerals.com.au Mark Flynn Investor Relations +61 416 068 733 mark.flynn@titanminerals.com.au