Company
ASX:TIE
Tietto Minerals Ltd (ASX:TIE) is producing gold from its Abujar Project in Côte d’Ivoire.
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Tietto Minerals Ltd is focused on fast-tracking the development of the Abujar Gold Project in Côte d’Ivoire, West Africa, targeting the first gold in Q4 CY2022.
The company continues to advance Abujar’s development with an early work program underway including front end engineering and design (FEED), site and camp construction.
The company continues to advance Abujar’s development with an early work program underway including front end engineering and design (FEED), site and camp construction.
Managing director Dr Caigen Wang now has a 4.29% stake in the company after exercising 4 million options at 25 cents each due to expire on December 31, 2021, for total consideration of $1 million.
“We maintain our BUY and raise 12-month PT to A$0.87 (previous A$0.60) based on our risked valuation. Key catalysts include: Resource upgrade; Mining Convention; Heap leach and underground studies; Financing; and FID,” says Foster Stockbrok
The company has grown the mineral resource to 3.35 million ounces and expects to further build on this as it drill-tests underground targets and 20 regional prospects within 10 kilometres trucking distance to the planned Abujar mill.
The company continues towards the delivery of key milestones during 2021 including a definitive feasibility study (DFS) for Abujar, which is on track for the end of the current quarter.
It also remains on track for a final investment decision by the fourth quarter of 2021 and is targeting for first gold in the fourth quarter of 2022.
Tietto recently filed multiple, high-grade gold hits, including some with bonanza grades, as part of infill drilling at Abujar-Gludehi (AG) deposit within the Abujar Gold Project in West Africa.
The strong gold hits bode well for the broader drilling campaign, which is targeting resource upgrades and is yet to test the meat of the AG deposit.
Tietto is focused on fast-tracking the development of the Abujar Gold Project in Côte d’Ivoire, West Africa, targeting first gold in Q4 CY2022.
The webinar will be live-streamed on the Proactive YouTube channel to be viewed at any time following the event.
The company’s aggressive drill campaign has increased gold resources to 87.5 million tonnes at 1.2 g/t gold for 3.35 million ounces with more than 55% in the indicated category.
The company's definitive feasibility study is on track for release in the September quarter of 2021.
The results from the drilling will be among those for inclusion in the next Abujar mineral resource update, due at the end of Q2 2021.
The ASX-lister has bulked up its management team as it prepares to construct West Africa’s newest gold mine.
The company has extended the AG Core deposit at depth with results of 4 metres at 14.37 g/t gold and the AG South deposit with 9 metres at 61.97 g/t gold.
The company continues to drive rapid resource growth at the 3.02-million-ounce Abujar Gold Project with the delivery of milestones during 2021 including a definitive feasibility study on track for Q3.
The company recently intercepted the narrow but ultra-high-grade result (1-metre at 532 g/t gold) which is the best gold intercept at AG South to date.
The latest results are flagged for inclusion in the next update to the 3.2 million-ounce Abujar resource, due at the end of the current quarter.
