leadf
logo-loader
viewTietto Minerals Ltd
(
ASX:TIE
)

Tietto Minerals makes rapid pre-development progress with Abujar set to be West Africa's next gold mine

The company's definitive feasibility study is on track for release in the September quarter of 2021.

Tietto Minerals Ltd -
Culverts on the Abujar site access road under construction.

Tietto Minerals Ltd (ASX:TIE) has completed the process plant layout as part of its rapid progress towards development and production at Abujar Gold Project in central west Côte d’Ivoire, which is set to be West Africa’s next gold mine.  

The African gold explorer has engaged Primero Group, a wholly-owned subsidiary of ASX-listed NRW Holdings Limited (ASX:NWH), to undertake the engineering design and procurement for the mine.

Targeting first gold in 2022

Tietto’s managing director Dr Caigen Wang said the company had achieved very good progress on three parallel fronts.

He said: “The DFS is on track for completion in September for a potentially significant increase in open pit reserves based on an imminent new mineral resource estimate update, early stage mine development, engineering design and procurement are well advanced and diamond drilling for a new 50,000 metre drill campaign is ongoing.

“All of these areas will give great news flow for the weeks and months ahead while we target delivering the first gold pour at the Abujar gold mine in Q4 2022.”

Development highlights

Perth-based electrical engineering company, ECG, has been constructing the 90kv grid power extension design and tender of long lead items.

Construction of a 22-kilometre site access road linking the national highway to the Abujar processing plant site is also progressing well.

Three-quarters of the overall 22-kilometre road has been constructed, leaving only one quarter to be built in the next two months.

Tietto’s site team recently hosted representatives from more than a dozen mining contractos, bidding for the Abujar open cut mining services contract.

The company’s definitive feasibility study is on track for release in the September quarter of 2021.

Tietto expects strong news flow to continue for the weeks and months ahead.

Quick facts: Tietto Minerals Ltd

Follow
ASX:TIE

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

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, 21 hours ago

2 min read