Tietto Minerals Ltd (ASX:TIE) is poised to complete the all-important first gold pour at the Abujar Gold Project in Côte d’Ivoire this month, having processed the first batch of ore at the project’s semi-autogenous grinding (SAG) mill.
The company has been rapidly completing construction on the Abujar facilities in recent months and has now all but finished installation of the structural mechanical piping (SMP) and electrical and instrumental (E&I) components on-site.
The Abujar plant facilities.
The tailings storage facility is also nearing completion, with the final liner to be placed this week and quality assurance to be completed before deposition.
TIE’s next steps
Tietto is aiming for first gold production at Abujar by the end of this year, with no debt and zero gold hedging.
The project is forecast to produce 260,000 ounces of gold in the first year of production, with potential for further growth due to Tietto’s “Drill and Build” strategy.
This strategy led the company to continue to drive rapid resource growth for the 3.45-million-ounce Abujar gold resource estimate, while also fast-tracking development of the project to achieve first gold pour this year.
The company is on track to complete 120,000 metres of drilling on the project this year with eight drill rigs across the project while also finalising construction of the processing plant and associated infrastructure.
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