A Simple Gold Mining Story from Tietto Minerals Limited

Updated: Apr 13


"Drilling is important. If you do not drill you cannot grow," says Mark Strizek, Executive Director of Tietto Minerals Limited (ASX:TIE)


Celebrating 100 episodes of ‘Coffee With Samso’ with Mark Strizek


Today, I raise a toast to celebrate 100 insightful and valuable conversations with thought leaders across industries. Samso's unique Coffee with Samso series is where companies engage with shareholders and stakeholders in a clear and insightful way, providing them with a comprehensive view to complete their investment research and make well-informed decisions.


Mark Strizek was my very first guest on this series, so it is apt that he has been invited back to do the 'Coffee With Samso' 100th episode.


Mark Strizek brings clarity to the company's journey: A Simple Gold Mining Story


Mr. Strizek shares about the company's journey which I have been following since 2018. Now in 2021, the company's results are bearing fruit for their shareholders. Lots to celebrate today indeed. Today's story has a very simple nugget of wisdom.


Drilling is important. If you do not drill you cannot grow.

Mark Strizek, Executive Director of Tietto Minerals Limited, Noel Ong, Samso, featured by Brilliant-Online


Interestingly enough, this simple gold mining story takes place in the Côte d’Ivoire, West Africa. We are talking about the Abujar Gold Project.


Caigen Wang is the founder of Tietto and he went about finding and now developing the Abujar Gold Project. Caigen saw the number of people working in the mine and immediately realised the potential of developing this mine.


Caigen Wang, founder of Tietto Minerals
Caigen Wang, founder of Tietto Minerals

"Tietto Minerals (TIE) saved over USD60M by having their own drill rigs. This is money Tietto's shareholders have saved since 2018." - Mark Strizek

Cote d'Ivoire is a place that is rich in minerals and is blessed with greenstones (See Figure below under Abujar Project) similar to what is seen in the Kalgoorlie Goldfields. So far, there have been numerous multi million ounces of gold discovered in the country and the pro-economic government is a bonus.


Tietto is serious with ESG


ESG (Environment, Social, Governance) is one of Tietto's challenges to make the mine a reality. Mr. Strizek gives an update on their current situation. So far there have been no deal breaking events in front of the company as they progress aggressively to get the first gold bar poured for shareholders.


Tietto is taking ESG seriously and the company has even contracted RPMGlobal to provide specialist ESG advice for their Abujar project. An Ivorian company, Envitech, has been engaged to conduct the baseline fieldwork to compile an environmental and social impact assessment.

(Source: https://www.tietto.com/wp-content/uploads/2020/04/02225304.pdf)


Watch the interview: Coffee with Samso Episode 100



Chapters


00:00 Introduction

01:15 Mr. Strizek presents Samso a 100th Episode present!