- Tietto Minerals (TIE) pours first gold at its Abujar gold project in the Ivory Coast, West Africa
- In a “transformational milestone,” the gold was poured in its first smelt at the project, weighing 12.89 kilograms
- The company’s Abujar definitive feasibility study forecasts 260,000 ounces of gold in its first year of production, with Tietto positioned to continue building its resource inventory at the project, while ramping up gold production
- Tietto says it aims to complete up to 120,000 metres of diamond drilling in 2023, using its fleet of eight rigs at the project
- Tietto Minerals last traded at 82.5 cents on January 13
Tietto Minerals (TIE) has poured first gold at its Abujar gold project in the Ivory Coast, West Africa.
The gold, weighing 12.89 kilograms, was poured in its first smelt at the project, which Tietto’s Managing Director, Dr Caigen Wang, described as a “transformational milestone.”
“We gave ourselves a tight timeframe to achieve our gold production goal and it’s incredibly pleasing to see it come to fruition,” Dr Wang said.
“With our first gold poured, we now look to ramping up commercial production this quarter as we continue our drilling program and progress feasibility study on APG Heap Leach project in tandem to grow our Abujar project even further to ralise its full potential and create value for our company, our shareholders and for the people of Cote d’Ivoire”
The company’s Abujar definitive feasibility study forecasted 260,000 ounces of gold in its first year of production, with Tietto positioned to continue building its resource inventory at the project, while ramping up gold production.
Tietto said it aims to complete up to 120,000 metres of diamond drilling in 2023, using its fleet of eight rigs at Abujar.
The company currently holds no debt, with zero gold hedging, and told investors it’s on track to deliver a resource update in Q1 CY23.
Tietto Minerals last traded at 82.5 cents on January 13.