Hanrine Invests AU$120 million in Linderos Copper Project

Hanrine Ecuadorian Exploration and Mining S.A., a subsidiary of Hancock Prospecting Pty Ltd., has agreed to acquire up to an 80% stake in the Linderos Copper Project. The deal involves progressive investments, including an initial AU$2 million payment for a 5% stake, followed by expenditures on drilling and exploration. Hanrine's commitment reflects confidence in Linderos' potential as a significant copper project.

Titan Minerals Limited (ASX: TTM) CEO, Melanie Leighton, expressed enthusiasm for the partnership, highlighting Hanrine's financial capacity and the endorsement of Linderos' prospects. The project, situated in Ecuador, encompasses promising geology, with indications of substantial copper deposits. Recent drilling campaigns have confirmed significant mineralization, further bolstering expectations. The agreement signifies a major step towards realizing Linderos' potential as a substantial copper asset.

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