Tietto Minerals Ltd (ASX:TIE)’s Abujar Gold Project in Côte D’Ivoire, West Africa, is on schedule and within budget to pour first gold in the fourth quarter of this calendar year – unlocking the value of its 3.45-million-ounce gold resource.
All major semi-autogenous grinding (SAG) mill components have arrived in nearby Abidjan via charter vessel, to be installed in early July.
The carbon-in-leach (CIL) tank construction is underway on site, with the base plates of three tanks already lifted into position.
In addition, 40% of the high-density polyethylene (HDPE) resin lining for the tailings storage facility (TSF) has been completed, and work on the 90-kilovolt grid connection to Abujar is progressing well, with 25% of the tower stubs installed along the line route.
The project remains free from lost time injuries (LTIs).
“Construction is in full swing”
“I am very pleased to provide shareholders with our seventh project construction update for Abujar, which continues to progress on schedule and budget. I thank and congratulate our build team and contractors for their commitment to safety, continuing to work LTI-free during May,” Tietto Minerals managing director Dr Caigen Wang said.
“Construction is in full swing at Abujar, which has 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.
“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 recently completed a A$130 million placement to accelerate Abujar with no debt. The company remains well positioned to pursue its “Drill and Build” strategy, and throughout 2022 will:
- continue to drive rapid resource growth at the 3.45-million-ounce Abujar Gold Project; and
- fast-track development of Abujar Gold Project to achieve first gold in Q4 CY22.