viewTietto Minerals Ltd

Tietto Minerals chairman builds stake after participating in capital raise

The company aims to expand its 1.38 million ounce gold deposit within the Abujar Gold Project.

Tietto Minerals Ltd - Tietto Minerals chairman builds stake after participating in capital raise
Most recently the company intersected 73 metres grading 2.80 g/t gold

Tietto Minerals Ltd (ASX:TIE) non-executive chairman Francis Harper has been issued one million shares after participating in the recent $7.6 million two-tranche placement.

Harper paid $150,000 for the placement shares which increases his overall shareholding in the company to 9.8 million shares.

Funding from the placement has already played a major role in recent exploration success at the company’s Abujar Gold Project in Côte d’Ivoire.

Last week, Tietto revealed diamond drill hole ZDD061 had intersected 73 metres at 2.8 0g/t gold from 218 metres at the Abujar-Gludehi deposit.

Drilling is part of the ongoing 30,000-metre program focused on the 1.38 million ounce Abujar‐Gludehi deposit and Tietto aims to expand the JORC resource by the end of the calendar year.

Quick facts: Tietto Minerals Ltd

Price: 0.26 AUD

Market: ASX
Market Cap: $53.95 m

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