Photo by: Tietto Minerals
Name of the Project
Abujar gold project.
Location
About 30 km from Daloa, a major regional city in central-western Côte d’Ivoire.
Project Owner/s
West African gold explorer and developer Tietto Minerals.
Project Description
The Abujar gold project comprises the Middle, South and North contiguous exploration tenements.
Total proved and probable reserves are estimated at 36.7-million tonnes at 1.15 g/t gold for 1.36-million ounces, compared with the September 2021 estimate of 34.4-million tonnes at 1.31 g/t gold for 1.45-million ounces of gold.
The project will source feed for the mill from the AG and APG deposits.
The AG deposit totals 31.2-million tonnes of ore at 1.22 g/t gold, containing 1.22-million ounces of gold. The APG deposit comprises 5.4-million tonnes of ore at 0.77 g/t gold, containing 130 000 oz of gold.
The updated life-of-mine plan envisages a nine-year mine life from 2024 to 2032, including average production of 170 000 oz/y gold.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $1.06-billion.
Capital Expenditure
Capital costs are estimated at $200-million, including contingencies.
Planned Start/End Date
First gold was poured in January 2023.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
EPSA (preferred tenderer for the openpit mining contract).
Contact Details for Project Information
Tietto Minerals, tel +61 8 9331 6710 or email admin@tietto.com.