Abujar, Cote d’Ivoire
Abujar Gold Project, Côte d’Ivoire
Tietto’s Abujar Gold Project in western Côte d’Ivoire is West Africa’s newest gold mine, with first gold poured in January 2023. Abujar has a Mineral Resource of 3.83 million ounces of gold and Ore Reserves of 1.69Moz. Tietto has no debt with zero gold hedging.
The Company is positioned to continue building its resource inventory at Abujar while ramping up gold production as it:
- Continues to drive rapid resource growth at the Abujar Gold Project; and
- Increases the gold production profile of the Abujar Gold Project.
In its April 2023 MRE, Abujar’s Resources total 124Mt @ 1 g/t for 3.83Moz. Measured gold resources were declared at AG Core within the first two years of gold production from the Abujar Ore Reserves of 12.3Mt @ 1.3 g/t Au for 470,000oz that sit inside the Life of Mine (LOM) mining inventory of 41.3Mt @ 1.3 g/t Au for 1.69Moz at AG. The Infill drilling program at AG Core confirms continuity of resources at depth below the pit limits. Additional Inferred Resources were declared at APG Extensional Prospects for 21.2Mt @ 0.5 g/t Au for 0.34Moz. Tietto plans to continue further drilling to assess the potential of the APG and APG Extensional deposits at Abujar.
In addition, Tietto has opportunities to increase project output via infill diamond drilling targeting the delineation of Measured Resources, deep drilling targeting underground potential below the ore reserve pit design at AG core, aggressive regional exploration drilling and APG heap leach potential, which is currently being assessed.
Tietto’s Abujar Gold Project is comprised of three contiguous tenements with a total land area of 1,114km², of which less than 10% has been explored. It features an NNE‐orientated gold corridor over 70km striking across three tenements.
