Tietto Minerals to unveil DFS next quarter, Abujar development work progressing rapidly
Tietto managing director Dr Caigen Wang says the company is hoping for a significant increase in open pit reserves at Abujar based on an imminent resource update.
Tietto Minerals (ASX: TIE) is making good on its plans to fast-track development of the Abujar gold mine in Cote d’Ivoire with a definitive feasibility study (DFS) scheduled for release in the September quarter.
The company revealed it has completed the layout for the project’s proposed processing plant, while Primero Group (NRW) advances the engineering design and procurement for the mine.
Additionally, mining contractors have visited the site as part of the tender process.
Other work progression includes the 22km access road which is nearing completion, powerline and switch yards detailed designs have started and the land acquisition for the Abujar gold mine is in the final stage of public notice.
Tietto managing director Dr Caigen Wang said the company had made “very good progress” at Abujar.
“The DFS is on track for completion in September for a potentially significant increase in open pit reserves based on an imminent new mineral resource estimate update.”
He added this work was continuing in parallel with drilling, designs and procurement.
“All of these areas will give great news flow for the weeks and months ahead while we target delivering the first gold pour at the Abujar gold mine in Q4 2022.”
Drilling continues to impress
A 50,000m diamond drilling program is continuing at Abujar for the rest of 2021 following the recent resource cut off.
Highlight results released earlier this month arose from the AG Core and AG South deposits and were 29m at 4.46 grams per tonne gold from 120m, including 17m at 7.11g/t gold; 2m at 18.55g/t gold from 39m; and 3m at 9.39g/t gold from 94m.
Over at APG, high-grade gold was also uncovered. Notable results were 8m at 6.92g/t gold from 27m, including 2m at 26.25g/t gold; 10m at 3.6g/t gold from 26m, including 8m at 4.30g/t gold; and 7m at 5.08g/t gold from 42m, including 2m at 16.43g/t gold.
These results were included in the upcoming resource upgrade.
Dr Wang says the positive drill results increase the confidence in the resource estimate.
Assays have been delivered to the independent consultant for resource modelling.
Abujar’s current resource stands at 3.02Moz contained gold.