Titan Announces Another Record Year for Production and Safety, Provides 2024 Guidance and Update on Kilbourne Graphite Target - Seite 2
Exploration expenditures will be focused on advancing the Kilbourne graphite trend and district targets where ESM controls more than 80,000 acres of private mineral rights. The timing and extent of the exploration program is contingent on positive exploration results. The Company may allocate additional funds beyond guidance as merited.
Production and Cost Guidance | ||
Units | 2024 | |
Payable Production | ||
Zinc | Mlbs | 56-60 |
Cost | ||
C1 cash cost1 | $/lb | 0.98 - 1.02 |
AISC1 | $/lb | 1.04 - 1.10 |
Capital | ||
Sustaining | $ millions | 3 - 5 |
Exploration | ||
ESM | $ millions | 2 - 3 |
1 C1 Cash Cost and AISC are non-GAAP measures. Accordingly, these financial measures are not standardized financial measures under IFRS and might not be comparable to similar financial
measures disclosed by other issuers. For additional information, see the section titled “Non-GAAP performance measures” of Titan’s MD&A dated November 14, 2023, available on SEDAR+ at
www.sedarplus.com, which section is incorporated by reference herein.
Kilbourne Exploration Update
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The Company is pleased to provide an update on the Kilbourne exploration program first announced on November 2, 2023 (Titan Mining Advances Kilbourne Exploration, With Surface Trenching And Bulk Sample Identification Underway). A total of 99 samples were collected from 181 ft (55 m) of trenching with bedrock exposed for later channel sampling in five trenches totaling over 1,000 ft (305 m) of exposed Kilbourne host rock. Drilling began in December 2023 with eight holes totaling 2,074 ft (632 m) completed to date. The Company’s Phase 1 drilling program contemplates an additional 10,000 ft (3,048 m) of drilling. An initial bulk sample was identified through these exploration activities and collected in January 2024.