Tietto Minerals (ASX:TIE) reports that it has released a construction update from its fully funded 3.45Moz Abujar Gold Project, reporting that it remains on schedule for first gold pour in Q4 this year.
The company notes that construction activity at the project, situated in western Cote d’Ivoire, remains on schedule and budget, with all tanks now complete and ready for painting and the 90kv transmission line and substation currently progressing.
It is also reported that the SAG mill is also mechanically complete and liner installation is on track to commence in October.
Tietto also notes that structural steel installation is 70% complete and that all motor control centres (MCCs) have arrived on site in preparation for the commencement of the first gold pour.
structural steel installation is 70% complete and that all motor control centres (MCCs) have arrived on site in preparation for the commencement of the first gold pour
The fast track of construction at Abujar comes following the company’s recent drilling intercept of 195.53g/t Au at the project’s hosted SG deposit, which aided in extending the known gold mineralisation outside of the current SG Inferred Mineral Resource Estimate (MRE).
In addition, the company reports that a fleet of eight drill rigs are currently in operation in Abujar, with hopes of achieving its target of completing 100,000m of drilling by the end of this year.
Moreover, it is Tietto’s expectation that Abujar will produce about 260,000oz gold in 2023 and is on track to become West Africa’s next producing gold mine.
Tietto Mineral’s Abujar Gold Project is located in western Côte d’Ivoire, about 30km from the major regional city of Daloa and close to regional and local infrastructure. The project comprises three contiguous exploration tenements, the middle, south and north tenement, which cover a total land holding of 1,114km-square, however, only 10% of this land has been explored. Abujar also currently boasts a MRE of 98.7Mt at 1.1g/t Au for 3.45Moz.
With the construction activities at Abujar on schedule for completion in Q4 this year, Tietto Minerals announces that it will deliver an update on Abujar’s LOM production plan later this month using the updated MRE, increased mill throughput and higher gold prices.
Images: Tietto Minerals Ltd