Tietto Minerals has reported positive results from an open pit DFS for its 3.35 Moz Abujar Gold Project in Côte d’Ivoire which is on track to be West Africa’s next gold mine.
Tietto Managing Director, Dr Caigen Wang, said:
“Our recent update to the Abujar Resource Model has allowed Tietto to deliver a DFS that confirms Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire.
“The DFS metrics are clearly compelling – all PFS measures have materially improved, from production to finance. Gold production in particular is positioning Abujar as a Tier 1 gold mine.
“We are confident the Abujar Gold Project will continue to enjoy growth in both Resources and Reserve and hence LOM production increases into next year through our continued large-scale drilling program. We are focused on advancing the Abujar Gold Project towards becoming West Africa’s next gold mine.”
Underpinned by Ore Reserves of 1.45 Moz, the DFS demonstrates Abujar can deliver annual average gold production of more than 200,000 ounces of gold per annum over the first six years of production. With its fleet of drill rigs, Tietto has grown the Abujar Mineral Resource to 3.35 Moz gold and expects to further build on this as it drill tests underground targets and 20 regional prospects within 10km trucking distance to the planned Abujar mill.
Tietto believes it can add materially to the Abujar DFS gold production profile and it has engaged consultancy Entech to review an AG underground scoping study using pit limits defined in the DFS. A program of metallurgical testwork is underway on samples from APG to assess its suitability to provide feed for a heap leach. These two programs have potential to deliver further value from Abujar.
Tietto will examine potential for the Abujar mill throughput to increase above DFS levels once the plant is operational, as demonstrated by other West African gold projects.