Abujar Gold Project, Côte d’Ivoire
Tietto’s 3.83Moz Abujar Gold Project in western Côte d’Ivoire is West Africa’s newest gold mine, with first gold poured in January 2023.
With a Mineral Resource of 3.83 million ounces of gold and Ore Reserves of 1.69Moz, Tietto forecasts gold production and cost guidance for the six months from 1 July to 31 December 2023 of 105,000 to 120,000 ounces gold at an all-in sustaining cost (AISC) of US$875 to US$975 per ounce.
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 in 2023 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 October 2021, Tietto completed the Abujar Gold Project Definitive Feasibility Study (DFS) for an open-pit 4Mtpa operation. The DFS metrics were compelling and confirmed Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire.
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 expects to complete 120,000m of drilling in CY2023, with an Abjuar resource update expected in Q1 CY23.
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.