Tietto Minerals Ltd (ASX:TIE) remains on schedule to deliver the first gold pour at its fully-funded Abujar Gold Project in Côte d’Ivoire, West Africa, in the current quarter.
The West African gold explorer and developer has completed 70% of the structural steel installation, while concrete on the process plant is nearly finished.
Overview showing construction status of the classification steel structure and CIL tanks on October 7, 2022.
Mill gear alignment and lubrication piping are complete and the mill lining is scheduled for completion in October.
As well, the 90kv transmission lines and substation are progressing well and work continues on the site buildings, tailing, storage facility and diversion channel.
The substation.
Watch a flyover video showing the construction progress here.
Life of mine update
Tietto will deliver a revised life of mine (LOM) production plan for Abujar later this month using an updated mineral resource estimate, increased mill throughput and higher gold prices. The price of gold used in the definitive feasibility study is US$1,407 per ounce, 20% lower than current spot prices.
The update will target a 'material' increase in production from the West African mine and will include a scoping study to be undertaken to determine the economic benefits of running a heap leach operation in parallel to the carbon-in-leach (CIL) tanks.
Tietto aims to complete 100,000 metres of drilling this year, with a fleet of eight rigs in operation.
Abujar is forecast to produce 260,000 ounces of gold in 2023.
About the explorer
Tietto is developing a multi-million-ounce gold resource at its flagship Abujar Gold Project in Côte D’Ivoire, West Africa.
The project is close to good regional and local infrastructure and is on track to be West Africa’s next gold mine.
Abujar comprises three contiguous tenements, with a total land area of 1,114 square kilometres and has a growing mineral resource of 3.45 million ounces of gold.
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