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Tietto Minerals appoints contractor for Abujar Gold Project

Tietto Minerals Ltd (ASX:TIE) has ticked off on its preferred provider to start construction on its open-pit mine at the Abujar Gold Project in the Côte d’Ivoire. Spanish-headquartered earthmoving company EPSA Internacional SA won the tender for a proposed scope of work that includes site preparation, drill and blast, load and haul and maintenance works.

“The open-pit mining contract is the largest operational contract for our Abujar Gold Project, and the appointment of EPSA as preferred tenderer follows the completion of a competitive tender and due diligence process examining safety, experience, and operational capabilities,” Tietto managing director Dr Caigen Wang said.

Mine revenue

“We are very pleased to appoint EPSA as the preferred tenderer for the open-pit mining contract as the company has a strong track record in the region including operating experience in Côte d’Ivoire at Perseus’s Yaouré gold mine, which is 150 kilometres to the east of Abujar.”

Mobilisation activities are expected to commence in July ahead of the start of construction of the open-pit mine in August. Tietto says it is tracking on time and to budget, with first gold expected in the final quarter of this year.

“Abujar is an exciting and robust gold project expected to deliver life of mine revenue of more than US$3.2 billion, and has expanding exploration upside and strong potential for resource expansion, with an aggressive drilling program underway,” Wang said.

“Tietto has an experienced team on board to deliver the project on time and on budget and we look forward to working with EPSA as we track towards first gold later this year and forecast gold production of 260,000 ounces at an all-in sustaining cost of US$651 per ounce in 2023,” he added.

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