Figure 1: Tietto’s Chief Operating Officer Matt Wilcox and our construction team celebrate the first gold pour at Abujar
ØTietto has poured gold weighing 12.89 kg (414 troy oz) in its first smelt at Abujar.
ØAbujar constructed on budget and schedule – first gold achieved within 12 months after breaking ground for construction commencement.
ØAbujar gold production is unhedged and free of debt.
ØAbujar DFS forecast 260,000oz gold in its first year of production.
ØTietto expects to complete 120,000m of drilling in CY2023; Abujar resource update expected in Q1 CY23.
Figure 2: Plan view showing location of Tietto’s Projects
Abujar Gold Project Introduction
The Abujar Gold Project is located approximately 30km from the major regional city of Daloa in central western Côte D’Ivoire. It is close to good regional and local infrastructure to facilitate exploration and development being only 15km from nearest tarred road and grid power.
The Abujar Gold Project is comprised of three contiguous exploration tenements, Middle, South and North tenement, with a total land area of 1,114k㎡, of which less than 10% has been explored. It features an NNE‐orientated gold corridor over 70km striking across three tenements.
In December 2020, a gold exploitation (mining) licence within the Abujar Middle exploration tenement was granted. The mining tenement covers an area of 120.36km2. Tietto is well placed to grow its resource inventory. It has substantially advanced the project since starting exploration in mid‐2015 with the identification of 3.45 million ounces Measured, Indicated, and Inferred JORC 2012 Mineral Resources and has completed metallurgical test work and a DFS.
West African gold producer Tietto Minerals Limited recently completed construction of the Abujar Gold Plant and produced first gold on 14 January 2023.
Figures 3 and 4: Tietto teams celebrating first gold pour at Abujar
Figure 5: Abujar first gold pour
Figure 6: Abujar first gold bar
Tietto has no debt with zero gold hedging and has delivered its first gold pour at Abujar. The
Abujar DFS forecast 260,000oz gold in its first year of production2. Tietto is positioned to
continue building its resource inventory at Abujar while ramping up gold production in 2023
1. Continues to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and
2. Increases the gold production profile of the Abujar Gold Project.
Tietto aims to complete up to 120,000m of diamond drilling in CY23 with its fleet of eight rigs
in operation at Abujar.
The Company is on track to deliver a resource update in Q1 CY23.
With Tietto achieving first gold at the Abujar Gold Project, Abujar has become West Africa’s
newest producing gold mine.