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Gold & silver

Tietto Minerals on time and budget at Abujar; set for first gold next month

The company has no debt and no gold hedging and remains on track for the first gold pour in December 2022.

Tietto Minerals Ltd (ASX:TIE) remains on schedule and budget with construction at its fully funded 3.45-million-ounce Abujar Gold Project in Côte d’Ivoire, West Africa.

The company has commissioned a crushing circuit and will build a crushed ore stockpile while the focus is on commissioning the rest of the plant.

Abujar is forecast to produce 260,000 ounces of gold in its first year of production with the first gold pour still on track for next month.

Crusher commissioning can be seen in the images below:

Focused on resource growth

Tietto is also focused on resource growth and recently looked to drill outside existing gold resources at Abujar, aimed at updating its last mineral resource update in April this year.

So far, TIE has added 87,469 metres of diamond drilling to the April 2022 resources database, with about 15,000 metres more to be drilled in 2022.

Tietto is building its resource potential in parallel with the construction of its gold plant.

Read: Tietto Minerals focuses on resource growth at 3.45-million-ounce Abujar Gold Project

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