Abujar Gold Project's DFS shows Tietto is a Money-Making Machine.

Updated: Apr 13


✦ Mark Strizek, Executive Director of Tietto Minerals Limited (ASX:TIE) says the Definitive Feasibility Study (DFS) for the Abujar Gold Project is knocking people's socks off.


Mark Strizek, the Executive Director of Tietto is pleased with the numbers that have been coming up with the company's Abujar Gold Project in in Côte d’Ivoire, West Africa.


With the Definitive Feasibility Study (DFS) for the Abujar Gold Project, the numbers are really making people sit up and take notice. The report has boosted forecast production in the first year by 30% from the PFS to 260,000 ounces of gold at an all-in sustaining cost (AISC) of US$651 per ounce. Mark Strizek says the DFS metrics are clearly compelling – all PFS measures have materially improved, from production to finance.


The 54% global resource upgrade from a Pre-Feasibility Study that was released earlier shows how strong the Abujar Gold Project is. The AISC for the first year is less than USD$900 and the next six years of production is at less than USD$1000.



And investors want to know more ...


Mr. Strizek is a familiar face and voice on the Samso platform, and he returns today to talk about the recent release of the DFS. Noel Ong, CEO of Samso, started his very first coffee chat with Mr. Strizek and invited him to celebrate their milestone 100th episode of Coffee with Samso with another episode. It is well-worth tuning in to Noel's previous chat with Mr. Strizek to get a background to what they are talking about today. Back then, Noel had already identified Tietto's project as essentially a Simple Gold Mining Story.


If you want an example of what a good gold project should look like, follow Tietto's developments.


Watch the interview: Rooster Talk Episode 48



Chapters


00:00 Start

00:57 Mark shares the DFS story.

01:28 A very good payback period.

02:12 Lots of fat in the Gold price for Tietto.

02:52 Extremely good AISC

04:23 Orebody is not closed off.

05:03 Is new drilling going to make any difference to the DFS?

05:57 The DFS leaves no questions on the table.

06:52 There is a trend within the orebody for good grades.

08:39 What is the processing for Abujar?

10:31 A big 4M Mill.

12:40 A Great Resource for Heap Leaching.

14:16 Good Geology gives you Good Surprises.

14:42 Is a redesigned stripping ratio helping reduce costs?

16:46 A better stripping ratio is always good.

17:09 All about cost savings.

17:39 Is the upgrade on the PFS numbers expected?

18:33 The 54% question.

19:30 What does Mark think of the gold price, going forward?

21:31 What will the potential be from future drilling?

23:39 Abujar is in Elephant country.

26:47 Thoughts on ESG for Tietto.

29:28 The Key to Tietto success is savings on Drilling.

31:08 Main difference between Tietto and other near-producers is the ability to drill cheaply.

32:00 Mark's Words of Wisdom.

32:59 Conclusion


PODCAST


About Tietto Minerals Limited (ASX: TIE)


Tietto Minerals Limited (ASX: TIE) is focused on fast-tracking the development of the Abujar Gold Project in Côte d’Ivoire, West Africa, targeting the first gold in Q4 CY2022.


Following an aggressive drilling campaign, Tietto announced an increase in its Mineral Resource Estimate at the Abujar Project in July 2021. This included growth in gold resources to 87.5Mt @ 1.2 g/t Au for 3.35Moz, including:

  • AG mineral resources total 50.3Mt @ 1.5 g/t Au for 2.45Moz (+7% oz Au)