Titan Mining Announces Maiden Mineral Resource Estimate for 100% Owned Kilbourne Graphite Project at the Empire State Mine

Core Viewpoint - Titan Mining Corporation has successfully completed its maiden mineral resource estimate for the Kilbourne Graphite Project, indicating significant potential for graphite production in the U.S. supply chain [1][2]. Mineral Resource Estimate - The inferred mineral resource estimate is 22 million US short tons at an average grade of 2.91% Cg, containing 653,000 tons of graphite, based on a cut-off grade of 1.50% [2][5]. - The estimate is based on 45 diamond drill holes totaling 29,699 ft, representing a small subset of the total graphite-bearing unit identified [2][3]. - The mineral resource estimate covers a strike length of 7,000 ft out of a total of 25,000 ft, with potential for expansion along strike and down dip [2][12]. Project Development Plans - The Kilbourne Project is targeted for fast-tracking to commercial production, leveraging existing infrastructure and operational talent at the Empire State Mine (ESM) [2][17]. - A commercial demonstration plant is expected to produce concentrate in 2025, marking it as the first of its kind in full run-time in the U.S. [2][17]. - Preparations for an NI 43-101 Preliminary Economic Assessment will begin in early 2025 to define project economics [2][18]. Future Exploration and Testing - Phase II drilling is planned for H1 2025, aiming to increase mineral resource confidence from Inferred to Measured/Indicated status and extend high-grade mineralization zones [12][13]. - A Phase III test program is underway at SGS Lakefield to de-risk metallurgy and define product segmentation for the commercial demonstration plant [14][16]. Operational Synergies - The Kilbourne Project benefits from being co-located within the existing ESM mill facilities, which provides shared infrastructure and operational efficiencies [2][17]. - The company aims to maximize pricing for its products by aligning production capacity with market demand [3][25].