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Tietto Minerals (ASX:TIE) on track for first Abujar gold pour in Q4

ASX News, Industrial
ASX:TIE      MCAP $769.0M
10 June 2022 12:33 (AEST)

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Tietto Minerals (TIE) remains on track to achieve its first gold pour from its Abujar gold project in Côte d’Ivoire in Q4 2022.

The company said construction at the site was continuing on schedule, with the carbon-in-leach tank beginning to be built and the SAG Mill expected to arrive to the site shortly.

Meanwhile, concreting is continuing, with the crusher suspended after the slab was poured.

Tietto has installed 40 per cent of the high-density polyethylene (HDPE) lining for the tailings storage facility, and the construction of the water dam is ongoing.

Notably, the project remains lost time injury (LTI) free.

“Construction is in full swing at Abujar, which has the potential to be one of the largest producing gold mines in Côte d’Ivoire, expected to produce more than 260,000 ounces of gold in the first year and 1.2 million ounces of gold in the first six years,” Tietto Managing Director Caigen Wang said.

“Construction is starting to go vertical on-site and I look forward to providing further updates as construction advances the Abujar gold project towards first gold by the end of Q4 CY22 to become West Africa’s next operating gold mine.”

Tietto was down 2.63 per cent on the market, with shares trading at 37 cents at 11:55 am AEST.

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