Tietto Minerals (ASX: TIE) is focused on developing its Abujar Gold Project in Côte d’Ivoire as West Africa’s next gold mine, targeting first gold in Q4 CY2022.

Tietto’s Definitive Feasibility Study (DFS) for Abujar demonstrated the project can produce 260,000 ounces of gold in its first year of production at an all-in-sustaining-cost (AISC) of US$651/oz and 1.2 million ounces of gold over the first six years of production – averaging 200,000 ounces per year at an AISC of US$804/oz.

With estimated Life of Mine revenue of US$2.87 billion at a US$1,700/oz gold price, Abujar can deliver pre-tax cashflow of US$1.28B and achieve payback within a year of first production.

Abujar has a current mine life of 11 years with scope for Tietto to extend this with further near-mine and regional exploration success.