Tietto Minerals Ltd
Tietto Minerals Ltd (ASX:TIE) is listed on the Australian Securities Exchange.
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Tietto Minerals on track to be West Africa’s next gold miner following "compelling" Abujar pre-feasibility study
Tietto Minerals Ltd (ASX:TIE) is on track to become West Africa's next gold miner after delivering a "compelling" pre-feasibility (PFS) study for its flagship Abujar Gold Project in Cote d'Ivoire.
The PFS is targeting 200,000 ounces of gold in the first year of production and estimates production of more than 168,000 ounces of gold annually for the first six years of operations.
Abujar project now has maiden open pit probable reserves of 15.7 million tonnes run-of-mine (ROM) gold ore at 1.7 g/t for 860,000 total ounces, representing a 65% conversion of the indicated resource estimate.
Tietto managing director Dr Caigen Wang said investors could look forward to a healthy stream of news flow on the 3.02-million-ounce gold project and pointed to upgrades on the base case.
"Delivery of this maiden JORC 2012 open pit ore reserve and supporting PFS is a milestone for Tietto and our shareholders, as it moves us closer towards realising our goal of developing West Africa's next gold mine," he said.
"The PFS metrics are compelling and clearly suggest that the development of Abujar will transform Tietto into a substantial West African gold producer.
"Abujar is shaping up as a robust, long‐life project based on the open‐pit mine development, and we believe there is considerable upside to the base case PFS, with a scoping study of the APG open pit and AG underground deposits demonstrating considerable value remains to be unlocked for our shareholders."
Other Tietto Minerals Ltd news
- Tietto Minerals在第一年的目标是200,000盎司黄金，并提供“引人注目的” Abujar预可行性研究
2021-04-05 - Tietto Minerals hits 24 g/t gold and extends strike 900 metres at APG within 2.2-million-ounce Abujar project
2020-06-03 - Tietto Minerals hits 5 metres at 14.24 g/t gold ahead of Abujar resource update next quarter
2020-05-07 - Tietto Minerals begins environmental studies at Abujar Gold Project in Cote d’Ivoire
2020-04-16 - Tietto Minerals drilling hits more shallow high-grade gold at Abujar Gold Project in West Africa
2020-03-10
