Titan inks $120m Ecuador deal with Hancock unit

Australia-based Titan Minerals has announced a binding deal with a subsidiary of Gina Rinehart’s Hancock Prospecting to acquire up to an 80% interest in the Linderos copper project, in Ecuador.

Hanrine will earn an initial 5% interest in the Linderos project by paying $2.01-million and can earn up to an 80% interest in the copper project by either achieving specific exploration milestones and proceeding to a decision to mine or by sole funding up to $120-million.