viewTietto Minerals Ltd

Tietto Minerals awards engineering design work to Primero Group with Abujar on fast-track to be West Africa's next gold mine

Tietto’s strong cash position of around $52 million at the end of the March quarter has allowed it to advance the Abujar Gold Project development activities.

Tietto Minerals Ltd -
Discussions continue to advance with project financiers following the release of a positive PFS.

Tietto Minerals Ltd (ASX:TIE) has awarded the engineering design work contract for the processing plant at Abujar Gold Project in Côte d’Ivoire to Primero Group, a Perth-based specialist mine design company.

Primero will provide all process and engineering design as well as procurement oversight, field engineering and commissioning service required for the delivery of a functional, reliable and efficient process treatment plant.

“Solid step forward”

Managing director Dr Caigen Wang said the company had achieved "very good progress" across several fronts as the company advanced the Abujar Project to be West Africa’s next gold mine.

He said: “The award of engineering design of the processing plant for the Abujar Gold Mine with a DFS in progress is strong evidence of the company’s firm commitment to building this modern and large gold mine in West Africa.

“Together with our opportunistically secured unused SAG mill with significant saving on costs from our PFS capex estimate as well as removing mill procurement from the critical path, this engineering design award makes a solid step forward in the path of Abujar Gold Mine development.

“Early site works, such as construction of the site access road, are part of our strategy to fast-track development of the Abujar mine, as the road will allow all-weather access to the project site and mining operations.”

Tietto also recently started work on the construction of a 22-kilometre site access road linking the national highway, which runs through the Abujar mining exploitation tenement to the proposed processing plant.

As of last week, 6 kilometres of the overall 22-kilometre road had been cleared and grubbed.

June work program planned

Tietto has the following activities planned for June:

  • Beginning front end engineering design (FEED) for Abujar;
  • Commence site establishment and mining camp construction;
  • Complete geotechnical study for tailings storage facility, water storage reservoir and process plant site;
  • Tender open-pit mining contract; and
  • Update Abujar mineral resource expected in late June.

Quick facts: Tietto Minerals Ltd


Price: 0.34 AUD

Market Cap: $155.1 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Tietto Minerals talks further high-grade infill drill results at Abujar gold...

Tietto Minerals Ltd (ASX:TIE)'s Mark Strizek tells Proactive they've intersected more high-grade gold in the second batch of infill drilling at the Abujar‐Gludehi deposit, part of its 3.35-million-ounce Abujar gold project in Côte d’Ivoire, West Africa. With intersections of up to 16 metres at...

2 days, 20 hours ago

2 min read