Tietto Minerals (ASX: TIE) is focused on developing its Abujar Gold Project in Côte d’Ivoire, targeting first gold in Q4 CY2022.
With a Mineral Resource of 3.35 million ounces of gold and Ore Reserves of 1.4Moz, a Definitive Feasibility Study (DFS) delivered for Abujar in October 2021 demonstrated Abujar can deliver annual average gold production of more than 200,000 ounces of gold per annum over the first six years of production at an average AISC of US$804/oz. The project has a payback period post-tax of less than a year from first production.
Tietto has a gold exploitation (mining) licence for Abujar and has secured environmental approval for the project. It has commenced early site works including front end engineering and design (FEED), site and camp construction and has purchased an unused SAG mill.
Abujar is comprised of three contiguous tenements, Abujar South, Abujar Middle and Abujar North, over 1,114km² and features a 70km-long gold corridor. Less than 10% of the project area has been explored, providing plenty of exploration upside for Tietto to further grow its resource inventory.
Abujar is ~30km from the major regional city of Daloa and close to excellent regional and local infrastructure including grid electricity.