Company Confident Project Is On Target To Be West Africa’s Next Gold Mine
West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) has procured a SAG mill for its Abujar Gold Project in Côte d’Ivoire, West Africa.
Managing Director, Dr Caigen Wang, said the Abujar Gold Project is on track to be West Africa’s next gold mine.
The single‐stage SAG mill was originally manufactured in 2008 but was never put into operation and has been in storage in Australia for the last 12 years.
Grinding company NCP International Ltd will transport the mill components to Johannesburg for a full inspection and repair. The mill is expected to be available ex works within 28 weeks.
“Tietto is pleased to announce the procurement of the longest lead item for the development of the Abujar project,” Dr Wang said.
“This opportunistic procurement will save more than US$3.5M of capital expenditure, it increases the future mine’s milling capacity and reduces unit milling costs, but also reduces the standard mill procurement time by more than 20 weeks.
“The mill is the beating heart of the processing facility and we are delighted to have secured a mill that will boost the economics of the Abujar project at a reduced price.
“This is the first step of a clear path to delivery of the Abujar project’s first production in Q4 2022 as we move towards Abujar becoming West Africa’s next gold mine.”
Dr Wang said the mill size is slightly larger than envisaged in the Abujar PFS, providing upside potential in terms of throughput
Preliminary assessments predict mill capacity of more than 4Mtpa, which should further improve project economics.
Established in 2011, NCP International is a leading grinding mill supplier in the mining industry. The company specialises in the supply of new and refurbished mill, all OEM mill spares, mill design expertise, process audits and site related mill repair services. NCPI has a dedicated team and network of support agents located across the globe.