Announcement • Jun 08
Tietto Minerals Shares to Be Removed from ASX At Trading Close on 6 June Zhaojin Mining Industry Co Ltd. updated on takeover bid for entire share capital of Tietto Minerals Limited. Tietto Minerals shares ceased trading on ASX on June 03, 2024 and will be removed from official list of ASX at close of Trading on June 06, 2024. Announcement • May 16
Sparky International Company Limited completed the acquisition of 90.72% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others. Sparky International Company Limited made an offer to acquire 92% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others for AUD730 million on October 29, 2023. Zhaojin Capital is also pleased to announce that it will increase the consideration offered under the Offer from AUD0.58 to AUD0.68. The Offer is conditional upon a 50.1% minimum acceptance condition. It is also subject to a number of other conditions, including Chinese regulatory approvals from the NDRC, MOFCOM and SAFE having been obtained, and approval from the Ministry of Mines, Petroleum and Energy of Côte d'Ivoire having been obtained. Zhaojin Capital is pleased to confirm that it has received all of the Chinese regulatory approvals in respect of the Offer. The cash consideration payable under the Offer will be obtained by Zhaojin Capital from the internal cash reserves of Zhaojin Mining Industry. As of April 24, 2024, the offer has become unconditional. Tietto Directors consider that the risks associated with continuing to hold Tietto shares outweigh the advantages of continuing to hold Tietto shares. Transaction is expected to complete on May 2, 2024. The offer is scheduled to close on May 14, 2024.The Board has appointed Barrenjoey and Corrs Chambers Westgarth as financial and legal advisers to help them consider the Indicative Proposal. Standard Chartered Bank (Hong Kong) Limited as financial advisor, Computershare Investor Services Pty Limited as share registrar and Herbert Smith Freehills as legal advisor to Sparky International Company Limited.Sparky International Company Limited completed the acquisition of 90.72% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others on May 12, 2024. Recent Insider Transactions • May 04
Non-Executive Chairman recently sold AU$9.8m worth of stock On the 1st of May, Francis Robert Harper sold around 15m shares on-market at roughly AU$0.67 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Francis Robert has been a net seller over the last 12 months, reducing personal holdings by AU$10m. Recent Insider Transactions Derivative • May 02
Managing Director exercised options to buy AU$3.1m worth of stock. On the 30th of April, Matthew Wilcox exercised options to buy 5m shares at a strike price of around AU$0.17, costing a total of AU$780k. This transaction amounted to 809% of their direct individual holding at the time of the trade. Since June 2023, Matthew has owned 556.41k shares directly. Company insiders have collectively bought AU$561k more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • May 01
Consensus EPS estimates increase by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$446.7m to AU$467.2m. EPS estimate increased from AU$0.09 to AU$0.12 per share. Net income forecast to grow 2,899% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.90 to AU$0.68. Share price was steady at AU$0.68 over the past week. Price Target Changed • Apr 18
Price target increased by 13% to AU$0.90 Up from AU$0.80, the current price target is provided by 1 analyst. New target price is 41% above last closing price of AU$0.64. The company is forecast to post earnings per share of AU$0.09 for next year compared to AU$0.004 last year. Announcement • Mar 26
Tietto Minerals Limited, Annual General Meeting, May 24, 2024 Tietto Minerals Limited, Annual General Meeting, May 24, 2024. Agenda: To consider re-election and appointment of directors. Breakeven Date Change • Feb 27
Forecast breakeven date pushed back to 2024 The analyst covering Tietto Minerals previously expected the company to break even in 2023. New forecast suggests the company will make a profit of AU$98.9m in 2024. Average annual earnings growth of 79% is required to achieve expected profit on schedule. Board Change • Feb 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Hanjing Xu was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 29
Sparky International Company Limited cancelled the acquisition of 92% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others. Sparky International Company Limited made an offer to acquire 92% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others for AUD630 million on October 29, 2023. The Offer is conditional upon a 50.1% minimum acceptance condition. It is also subject to a number of other conditions, including Chinese regulatory approvals from the NDRC, MOFCOM and SAFE having been obtained, and approval from the Ministry of Mines, Petroleum and Energy of Côte d'Ivoire having been obtained. The cash consideration payable under the Offer will be obtained by Zhaojin Capital from the internal cash reserves of Zhaojin Mining Industry. The Board has appointed Barrenjoey and Corrs Chambers Westgarth as financial and legal advisers to help them consider the Indicative Proposal. Standard Chartered Bank (Hong Kong) Limited as financial advisor, Computershare Investor Services Pty Limited as share registrar and Herbert Smith Freehills as legal advisor to Sparky International Company Limited.
Sparky International Company Limited cancelled the acquisition of 92% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others on November 27, 2023. Announcement • Oct 31
Sparky International Company Limited made an offer to acquire 92% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others for AUD630 million. Sparky International Company Limited made an offer to acquire 92% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others for AUD630 million on October 29, 2023. The Offer is conditional upon a 50.1% minimum acceptance condition. It is also subject to a number of other conditions, including Chinese regulatory approvals from the NDRC, MOFCOM and SAFE having been obtained, and approval from the Ministry of Mines, Petroleum and Energy of Côte d'Ivoire having been obtained. The cash consideration payable under the Offer will be obtained by Zhaojin Capital from the internal cash reserves of Zhaojin Mining Industry. The Board has appointed Barrenjoey and Corrs Chambers Westgarth as financial and legal advisers to help them consider the Indicative Proposal. Standard Chartered Bank (Hong Kong) Limited as financial advisor, Computershare Investor Services Pty Limited as share registrar and Herbert Smith Freehills as legal advisor to Sparky International Company Limited. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). New Risk • Oct 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Announcement • Sep 28
Tietto Minerals Limited Appoints Sabina Shugg AM to the Board of Directors Tietto Minerals announced it has appointed Sabina Shugg AM to its Board of Directors as a Non-Executive Director. Sabina is a Mining Executive with extensive experience in senior roles within some of the resource and consulting organizations in Australia. Her experience includes delivering technical mining projects from conceptual design to project handover as well as operations management experience at senior site level covering both underground and open pit environments. Sabina is a prominent proponent for the mining industry, with an emphasis on advocating for and supporting women in male dominated workplaces, and she has also had long involvement in a variety of not-for-profit organisations. Her qualifications include an MBA from UWA, a degree in Mining Engineering from WA School of Mines and a Western Australian First Class Mine Manager's Certificate of Competency. Sabina was awarded the inaugural Women in Resources Champion in 2010 in the Chamber of Minerals and Energy of Western Australia (CME) Women in Resources Awards for being an outstanding role model to people in the resources industry and the broader community and was named in the AFR Westpac 100 Women of Influence and included in the 100 Global Inspirational Women in Mining in 2013. Sabina was named a Member of the General Division of the Order of Australia (AM) in 2015 for significant service to the mining industry through executive roles in the resources sector, and as a role model and mentor to women. Sabina currently serves on Mining and Petroleum Advisory Committee (MAPAC) for DMIRS and the Industry Expert Panel for the Mental Awareness, Respect and Safety (MARS) Mining Industry Landmark Study. Sabina has extensive Company director experience having previously completed the AICD course and is currently a Non-executive Director of Resolute Mining Limited and recently completed a three-year term as Chair of the Goldfields Esperance Development Commission (September 2020 to September 2023). Price Target Changed • Sep 15
Price target decreased by 50% to AU$0.40 Down from AU$0.80, the current price target is provided by 1 analyst. New target price is 13% above last closing price of AU$0.35. Stock is down 30% over the past year. The company posted a net loss per share of AU$0.071 last year. New Risk • Sep 15
New major risk - Revenue and earnings growth Earnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Significant insider selling over the past 3 months (AU$374k sold). New Risk • Jul 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$374k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$224m). Shareholders have been diluted in the past year (13% increase in shares outstanding). Significant insider selling over the past 3 months (AU$374k sold). Recent Insider Transactions • Jul 15
Non-Executive Chairman recently sold AU$374k worth of stock On the 11th of July, Francis Robert Harper sold around 750k shares on-market at roughly AU$0.50 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Francis Robert's only on-market trade for the last 12 months. Recent Insider Transactions • May 17
COO & Executive Director recently bought AU$155k worth of stock On the 12th of May, Matthew Wilcox bought around 300k shares on-market at roughly AU$0.52 per share. This transaction increased Matthew's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Breakeven Date Change • May 01
Forecast to breakeven in 2023 The analyst covering Tietto Minerals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$116.7m in 2023. Earnings growth of 44% is required to achieve expected profit on schedule. Recent Insider Transactions Derivative • Jan 24
Board Member exercised options to buy AU$805k worth of stock. On the 20th of January, Paul Kitto exercised options to buy 1m shares at a strike price of around AU$0.30, costing a total of AU$300k. This transaction amounted to 22% of their direct individual holding at the time of the trade. Since June 2022, Paul has owned 4.50m shares directly. Company insiders have collectively sold AU$471k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jan 17
Tietto Minerals Limited Pours First Gold at Abujar Tietto Minerals Limited announced it has poured first gold at its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Next Steps: Tietto has no debt with zero gold hedging and has delivered its first gold pour at Abujar. The Abujar DFS forecast 260,000oz gold in its first year of production2. Tietto is positioned to continue building its resource inventory at Abujar while ramping up gold production in 2023 as it: Continues to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Increases the gold production profile of the Abujar Gold Project. Tietto aims to complete up to 120,000m of diamond drilling in CY23 with its fleet of eight rigs in operation at Abujar. The Company is on track to deliver a resource update in First Quarter CY23. With Tietto achieving first gold at the Abujar Gold Project, Abujar has become West Africa's newest producing gold mine. Announcement • Jan 03
Tietto Commences Wet Commissioning at Abujar Tietto Minerals Limited announced that it has commenced wet commissioning its 4.5Mtpa CIL processing system at its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto has no debt with zero gold hedging and Abujar is forecast to produce 260,000oz gold in its first year of production. Tietto is uniquely positioned to advance its dual strategy of `Drill and Build' as the company moved into 2023: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Increase the gold production profile of the Abujar Gold Project. Tietto aims to complete up to 120,000m of diamond drilling in CY23 with its fleet of eight rigs in operation at Abujar and on track to deliver a resource update in First Quarter current year 23. Upon Tietto achieving first gold at the Abujar Gold Project, Abujar will become West Africa's newest producing gold mine. Announcement • Dec 13
Tietto Minerals Limited Confirms Potential to Develop A Second Gold Mine At Abujar Tietto Minerals Limited reported positive results from an open-pit heap leach Scoping Study at its APG deposit, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa, which is on track to be West Africa's next gold mine. Tietto completed a DFS for its Abujar Gold Project in Côte d'Ivoire on 5th October 2021, which outlined an optimised mine and CIL processing plan to exploit both the AG and APG deposits over 11 years. Tietto was able to use the DFS to equity fund the construction of the Abujar Gold Project as a 4.5Mtpa CIL gold plant and is on track to deliver first gold before the end ofCY2022. The AG deposit and in particular the higher-grade AG Core contributes most of the gold production both during the early years and over the life of the Project. The APG deposit, 7km south of the Abujar gold plant, is lower grade and despite the lower strip ratio accounts for about 12% of gold ounces recovered under the LOM plan. Mine study engineers noted APG was very sensitive to the gold price used for the optimisation with a considerable increase in the amount of low-strip and relatively low-grade material becoming available during mine optimisation at higher gold prices.Seeking ways to improve the margin from ore at APG, Tietto conducted some sighter column tests on APG mineralisation in 2021 to assess its suitability for heap leach gold recovery. On the strength of these results, Tietto commissioned additional column tests and in May 2022 (see ASX Announcement 5 May 2022), Tietto reported that column testwork had demonstrated the potential for heap leach processing to recover the gold from the lowergrade ores at the APG deposit given very encouraging column test results for oxide, transitional and fresh ore. Given these positive results, Tietto asked RPM to examine a Heap Leach option for accelerating the development and exploitation of the APG deposit. The current development plans for APG involve exploitation by conventional open pit mining and haulage of ore by off-highway trucks to the Abujar gold plant for gold recovery via conventional gravity and CIL processing. The Scoping Study4 aimed to demonstrate the potential to develop APG as a standalone open pit mining operation with gold recovery via a conventional Heap Leach (HL) gold processing plant. The HL plant is assumed to be capable of treating 7.5 Mtpa of ore mined from APG and once developed would run in parallel with the existing AG mining and CIL processing operation that is expected to deliver first gold by the end of 2022. A summary showing the difference between the DFS and the Scoping Study is presented in Table 1. Tietto holds interests in a series of exploration licences and the combination of the Zoukougbeu, Zahibo and Issia licences are named the Abujar Project. These enable the current exploration activities and associated surface disturbances. Below is a summary of the key permit which hosts the mineral resources. Tietto Minerals Limited (TMA) entered a Joint Venture Agreement for the Development of an Exploration Licence for Gold in Zoukougbeu in Côte d'Ivoire dated 29 April 2014 (the TMA-B&F Agreement) with B & F Minerals SARL, a company incorporated under the laws of Côte d'Ivoire (B&F) and its shareholders. B&F is the registered holder of an exploration licence in the region of Zoukougbeu in Côte d'Ivoire registered with the Mines Directorate under number 469 (the Zoukougbeu Licence) which was granted on 15 September 2014 with Decree No. 2014- 520. Under the terms of the TMA-B&F Agreement, TMA may earn an interest in the share capital of B&F of up to 50% subject to meeting certain expenditure and payment obligations; and 75% in any exploitation company formed if an exploitation (mining) permit is granted over all or part of the area covered by the Licence. TMA's current registered interest in the share capital of B&F is 50%. TMA continues to incur expenditure in accordance with the existing agreement. TMA and B&F reached an agreement on 28 March 2017 to allow TMA to have 90% interest in the Abujar Middle Tenement by transferring the exploration licence to anewly incorporate JV company called Tiebaya Gold Sarl, of which Tietto has 90% share capital, B&F has 10% share capital. Tiebaya was incorporated in late April 2017. The Côte D'Ivoire Mining Ministry officially transferred the Zoukougbeu licence to Tiebaya Gold Sarl on 28th February 2018. The initial tenure of the three exploration licences is four years under the new Côte D'Ivoire mining regulations. Subject to satisfaction to the terms and conditions of the initial exploration licences, the exploration licences are entitled for renewal for second and third terms of three years respectively, followed by one exceptional renewal of two years. In July 2020, Tietto Minerals, through its 90%-owned subsidiary Tiebaya Gold Sarl, applied fora gold mineral mining licence within the Abujar Middle Tenement, part of the Abujar Project. The mining tenement application covers an area of 120.36km2. The licence was granted in December 2020. On 22 January 2021, Tietto Minerals increased its interest in the Abujar Gold Project's Mining Licence to 88% with 10% for Côte D'Ivoire government and 2% for local partners. Announcement • Dec 07
Tietto Minerals Limited Hits 184.55 g/t Gold at South Gamina at Abujar Tietto Minerals Limited reported further high-grade gold results from step-out drilling completed at South Gamina (SG), part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. high-grade results; ZDD1440 hitting 2.70m @ 37.88 g/t Au from 61.8m incl. 0.55m @ 184.55 g/t Au. These drill results show the potential of the high-grade shoots that are prevalent at Abujar to continue to deliver spectacular high-grade gold intercepts. Highlights: Tietto adds more high-grade gold intercepts from step-out and depth extension drilling at South Gamina (SG, 2.5km to Abujar CIL plant), part of its 3.45Moz Abujar Gold Project; better results include: 2.70m @ 37.88 g/t Au from 61.8m incl. 0.55m @ 184.55 g/t Au (ZDD1440 - Section 56B), 3.00m @ 18.02 g/t Au from 120m (ZDD1415 - Section 61B), 2.50m @ 8.90 g/t Au from 113.5m (ZDD1414 - Section 60B), 1.00m @ 21.75 g/t Au from 68m (ZDD1399 - Section 32B); Headline intercept is the second highest drill hit at SG following earlier result of 4m @ 24.73 g/t Au from 85m incl. 0.50m @ 195.53 g/t Au (ZDD1319 - Section 57); South Gamina (SG) covers a 3.3km strike length from Section 30 to Section 63 (currently a satellite pit between Section 36 and Section 46 included in the 1.7Moz mining inventory used in Abujar's DFS); Assay results reported from 32 DD holes (6,008.3m) to increase both the size and confidence of SG's Mineral Resources (1.6Mt @ 1.2 g/t Au for 0.06Moz) - results to be included in Tietto's next MRE update expected early CY23; Assays pending for 110 holes (19,500m) with more than two thirds of these from step-out holes; Tietto's eight diamond rigs are actively drilling and on track to complete 120,000m of core in CY22; Tietto plans further drilling at SG to test the extent of gold mineralisation, which is open at depth; Abujar DFS demonstrated robust financial results and estimated first-year gold production of 260,000oz and 1.2Moz over the first six years of Abujar's 11-year mine life for an NPV5% of AUD 1.3 Billion (pre-tax) and AUD 0.97 Billion (post-tax) using USD 1,700/oz Au and AUD/USD=0.742; and Abujar gold plant construction is fully funded and has no debt; on target for first gold pour in 3 weeks. Announcement • Nov 24
Tietto Minerals Limited Provides the First Project Commissioning Update for its Fully Funded 3.45Moz Abujar Gold Project in Côte D'ivoire, West Africa Tietto Minerals Limited provided the first project commissioning update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto is on track to deliver first gold at Abujar in December 2022. Tietto has commissioned the crushing circuit and will build a crushed ore stockpile while the focus is on commissioning the rest of the plant. The following figures show the crusher commissioning. Announcement • Nov 22
Tietto Minerals Limited Provides Update on its Resources Drilling at 3.45Moz Abujar Project in Côte d'Ivoire, West Africa Tietto Minerals Limited provided an update on its resources drilling in the immediate vicinities of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa, as part of the Company's `Drill and Build' strategy. The Company continues to build its resource potential at Abujar in parallel with construction of its gold plant, which is fully funded with no debt and no gold hedging, and is on track for first gold in December 2022. Abujar gold plant construction is fully funded with no debt and zero gold hedging. First gold on track for December 2022. The AGM Prospect with a 2.2km strike length is a southern extension of the AG Deposit. Limited drilling was carried out at the AGM Prospect prior to the April 2022 resources update. Since then, Tietto has been carrying out 3600m of extensional diamond drilling. Resource growth is expected in the next Abujar resource update. Highgrade drilling intersections reported recently at AGM include: 1m @ 47.35 g/t Au from 258m (ZDD919, ASX 29/06/2022); 6m @ 2.66 g/t Au from 190m incl. 5m @ 3.02 g/t Au (ZDD921, ASX 29/06/2022); and 1m @ 27.91 g/t Au from 151m (ZDD1256, ASX 20/09/2022). The PGL Prospect is a 2,300m mineralized link that joins Madanou to the northeast with APG (0.96Moz at 0.7g/t) in the southwest. Tietto designed a 7,250m diamond drilling program and 5623m has been drilled to date. Assay results reported recently included the following outstanding gold intercepts: 1m @ 25.14 g/t Au from 26m (ZDD1070, ASX 29/06/2022); 0.93m @ 17.67 g/t Au from 24m (ZDD933, ASX 29/06/2022); and 1m @ 10.28 g/t Au from 60m and 2m @ 3.85 g/t Au from 111m (ZDD947, ASX 29/06/2022). Tietto expects to report a maiden resource for PGL in the upcoming resources update. The PGL West Prospect is interpreted to occur within a pressure shadow adjacent to a late felsic granite and goldinsoil geochemical anomalies (>75ppb), are suggestive of PGL West representing a bending linkage structure from PGL towards the West Corridor of the Abujar gold system. Tietto designed a maiden drilling program to test PGL West consisting of 4,985m of diamond holes. Initial drilling results received recently for the first three sections lines 800m apart included: ZDD1372: 13.5m @ 2.49 g/t Au from 78m including 7.5m @ 3.75g/t Au from 78m; ZDD1384: 15m @ 1.24g/t Au from 21m 5m @ 1.75 g/t Au from 50m. Tietto expects to define a maiden resource for the PGL West Prospect through infill drilling on 100m spaced lines. The 2.7km long VingtDeux Prospect is part of the Western Corridor of the Abujar gold mineralization system. At VingtDeux, gold mineralization occurs along a pressure shadow related structure created at the contact between a diorite and a late granite. Tietto is targeting a highgrade shoot related to a crosscutting NEENE fault which can be identified in magnetic data from analytic signaling. Tietto designed 3195m of diamond drilling for this first phase of resource definition drilling and two diamond rigs are currently operating on the VingtDeux on a 24/7 basis. Tietto completed scouting drilling on the 6km long Zoukpangbeu Prospect earlier this year with preliminary but encouraging results, which included: ZDD924A: 3m @ 2.11g/t from 187m and 3m @ 2.47g/t from 195m; and ZDD924: 7m @ 1.31g/t from 163m. Further drilling is planned for this significantly long zone of gold mineralization but currently awaits for rig availability. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Hanjing Xu was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 11
Tietto Minerals Limited Updates Relating to High-Grade Gold Intercepts At the Abujar Gold Project Tietto Minerals Ltd. announced on 11 November 2022. West African gold explorer and developer Tietto Minerals Limited (Tietto or the Company) reported further high-grade gold results from infill and step-out drilling completed at AG Core, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto reported the latest batch of assay results (16 DD holes for 4,832m) from infill and depth extensional diamond drilling at AG Core and AG South. Drilling results will be incorporated into the next MRE update. Better intersections received from diamond drill samples are summarised in Table 1. Drill collar details and assay results are in Table 3 and Table 4 respectively. Locations of the reported drill collars and associated assay results are presented in Figure 3. An oblique cross-section highlighting selected assay results is presented in Figure 4 and an oblique long section presents the results in Figure 5. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 86 intervals greater than 50 gold gram metres, including 17 intervals greater than 200 gold gram metres at AG Core (Table 2). Tietto has planned and is carrying out further drilling at AG Core to assess the potential below the planned DFS open pit and test the limits of gold mineralisation, which is still open at depth. Tietto has no debt and is advancing towards first gold production at Abujar by the end Fourth Quarter CY22. Abujar is forecast to produce 260,000oz gold in 2023. Tietto is uniquely positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fast-track development of Abujar Gold Project to achieve first gold in Fourth Quarter CY22. Tietto is finalising an update on Abujar's LOM production plan using the current Mineral Resource Estimate7, increased mill throughput and higher gold prices (spot price is +20% greater than US$1407/oz used in the DFS8), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to outline the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto aims to complete 120,000m of drilling in CY2022 with a fleet of eight rigs in operation at Abujar, and it is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Nov 10
Tietto Minerals Limited Provides Project Construction Update for Its Fully Funded 3.45Moz Abujar Gold Project Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for activities during October 2022. Tietto is on track to deliver first gold at Abujar in Fourth Quarter CY22. Abujar Construction Activities: During October, Tietto achieved mechanical completion of the SAG mill, with liner installation ~50% complete at the end of October, and contract mining has commenced. SMP is more than 52% complete and with almost all material on site, progress is expected to accelerate in November. The crushing area is structurally and mechanically complete and electrical installation has commenced, with crushing expected to commence this month. The carboninleach (CIL) tanks are functionally complete with piping and electrical installation being finalised. The water storage dam is now closed and capturing water, and the tailings dam is 60% lined. Electrical substations are expected to be commissioned in November and energised in December. Next Steps: Tietto has no debt and is advancing towards first gold production at Abujar by the end Fourth Quarter CY22. Abujar is forecast to produce 260,000oz gold in 2023. Tietto is uniquely positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter CY22. Tietto is finalising an update on Abujar's LOM production plan using the current Mineral Resource Estimate 1, increased mill throughput and higher gold prices (spot price is +20% greater than $1407/oz used in the DFS2), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto aims to complete 120,000m of drilling in CY2022 with a fleet of eight rigs in operation at Abujar, and it is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Oct 28
Tietto Infill Drilling Hits 174.9 G/T Gold At Abujar Ag Core Tietto Minerals Limited reported further highgrade gold results from infill and stepout drilling completed at AG Core, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto reported the latest batch of assay results (19 DD holes for 7,617.5m) at AG Core from infill and depth extensional diamond drilling at AG. ZDD1334 on Section 16C intersected 8m @ 11.38 g/t Au from 262m including 0.50m @ 174.9 g/t Au. This highgrade gold intercept sits 60m below the current DFS pit. Deeper diamond drilling has extended the known limits of gold mineralisation up to 150m below the current resource model (holes ZDD1240A, ZDD1274 and ZDD1290). Tietto has planned further drilling at AG Core to assess the potential below the planned DFS open pit and test the limits of gold mineralisation, which is still open at depth. Tietto has no debt and is advancing towards first gold production at Abujar by the end Fourth Quarter CY22. Abujar is forecast to produce 260,000oz gold in 2023. Tietto is uniquely positioned to advance its dual strategy of `Drill and Build' throughout 2022: 1. Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and 2. Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter CY22. Tietto will deliver an update on Abujar's LOM production plan using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is 1520% greater than US$1407/oz used in the DFS), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto aims to complete up to 120,000m of diamond drilling in CY2022 with a fleet of eight rigs in operation at Abujar, and it is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Oct 24
Tietto Minerals Limited Appoints Shaddrack Adjetey Sowah as Non- Executive Director Tietto Minerals Limited advised that Mr. Shaddrack Adjetey Sowah has been appointed Non- Executive Director of the Company. Mr. Adjetey Sowah is currently Vice President and Manager Director of Golden Star Resources, a subsidiary of Chifeng Gold Group which operates the Wassa gold mine in Ghana, West Africa. Mr. Adjetey Sowah is a chartered accountant and has over thirty years' experience primarily in the mining industry. Mr. Adjetey Sowah has in-depth knowledge and experience in both surface and underground mining, metallurgical processes, geology - both resource and gradeControl and engineering. Announcement • Oct 11
Tietto Minerals Limited Provides Abujar Gold Project October Construction Update Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for activities during September 2022. Tietto is on track to deliver first gold at Abujar in fourth quarter of current year 2022. Construction continues to track well against schedule. Mill gear alignment and lubrication piping is complete and the mill lining is scheduled for October. Structural steel installation is 70% complete and concrete on the process plant is practically complete. All motor control centres (MCCs) arrived on site. Transmission lines and substation progressing well and work continues on site buildings, tailings storage facility (TSF) and diversion channel. The company has no debt and is advancing towards first gold production at Abujar by the end fourth quarter of current year 2022. Abujar is forecast to produce 260,000oz gold in 2023. Tietto is uniquely positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter of current year 2022. Tietto will deliver an update on Abujar's LOM production plan later this month using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +20% greater than USD 1,407/oz used in the DFS), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto aims to complete 100,000m of drilling in current year 2022 with a fleet of eight rigs in operation at Abujar, and it is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of fourth quarter of current year 2022 and is on track to become West Africa's next producing gold mine. Announcement • Sep 23
Tietto Minerals Limited, Annual General Meeting, Nov 22, 2022 Tietto Minerals Limited, Annual General Meeting, Nov 22, 2022. Agenda: To discuss the re-election and appointment of directors. Announcement • Sep 20
Tietto Minerals Limited Report Further Highgrade Gold Results from Stepout Drilling Completed Along the Abujar Main Shear Tietto Minerals Limited report further highgrade gold results from stepout drilling completed along the Abujar Main Shear, host of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto reported assay results from stepout diamond drilling at seven prospects located on the main Abujar shear and western corridor. A summary of the drill program by Stepout drilling has successfully extended the limits of known gold mineralisation. Results from the program will be incorporated into the next update of the mineral resource estimate, towards the end of CY22. Tietto intersected multiple gold mineralised quartz veins and alteration zones in the diamond drill core, consistent with the style of gold mineralisation seen at Abujar. Gold mineralisation remains open at these prospects and over 2,000m of strike remains to be drill tested. Further drilling is planned and will be required to test the known limits on the main Abujar Shear. Tietto is on track to realise first gold production by Fourth Quarter CY22 and produce 260,000oz gold in 2023. Tietto recently concluded a placement agreement with Chifeng Jilong Gold Mining Co Ltd. subsidiary Chijin International (HK) Limited raising $49.3 million via the issue of 85 million shares on 16 September 2022. It has no debt. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter CY22. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto plans to deliver an update on Abujar's LOM production plan by the end of Third Quarter CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto aims to complete 100,000m of drilling in CY2022 with a fleet of eight company rigs in operation at Abujar, and it is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Sep 14
Tietto Minerals Limited Provides Project Construction Update for Its Fully Funded Abujar Gold Project Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for activities during August 2022. Tietto is on track to deliver first gold at Abujar in Fourth Quarter CY22. Construction continues to track well against schedule, with CIL tanks completed and handed over to the SMP contractor to complete structural steel erection. All heavy lifts for the SAG mill were completed and gear alignment began in September. Site works continued on multiple fronts during August, including progress on the substation, site buildings, tailings storage facility (TSF) and diversion channel. The following figures show the progress achieved on site during August 2022. Tietto has completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt, to realise first gold production by Fourth Quarter CY22 and produce 260,000oz gold in 2023. In addition, Tietto has entered a binding Placement agreement with Chifeng Jilong Gold Mining Co Ltd. (Chifeng Gold) subsidiary Chijin International (HK) Limited to raise $49.3 million via the issue of 85 million shares. This placement is subject to regulatory approvals and expected to settle on 16 September 2022. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in Third Quarter CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +20% greater than USD 1407/oz used in the DFS1), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto aims to complete 100,000m of drilling in CY2022 with a fleet of eight rigs in operation at Abujar, and it is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Aug 17
Tietto Minerals Limited Provides Abujar Gold Project August Construction Update Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for activities during July 2022. Tietto is on track to deliver first gold at Abujar in fourth quarter of current year 2022. Construction continues to track well against schedule, with CIL tank erection and SAG mill installation progressing to plan. Abujar's SMP contractor has ramped up steel erection activities on site. In addition, the camp is more than 70% operational and scheduled for completion in August. Work on the tailings storage facility (TSF) and diversion channel is moving ahead. Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by fourth quarter of current year 2022 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter of current year 2022. The company continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in third quarter of current year 2022 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1407/oz used in the DFS), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of fourth quarter of current year 2022 and is on track to become West Africa's next producing gold mine. Price Target Changed • Jul 28
Price target decreased to AU$0.65 Down from AU$0.85, the current price target is provided by 1 analyst. New target price is 34% above last closing price of AU$0.48. Stock is up 33% over the past year. The company posted a net loss per share of AU$0.045 last year. Announcement • Jul 28
Tietto Minerals Limited Reports Further Highgrade Gold Results from Infill Drilling At AG Core Tietto Minerals Limited reported further highgrade gold results from infill drilling at AG Core, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto reported the latest batch of assay results (seven DD holes for 2,780.5m at AG Core and three DD holes for 274.0m at AG South) from infill diamond drilling at AG. The seven DD holes drilled at AG Core were designed to fill several drilling gaps at depth and allow conversion of Inferred resources into Indicated resources. The three DD holes at AG South are part of the program designed to convert Indicated Resources into Measured Resources at AG South. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 83 intervals greater than 50 gold gram metres, including 16 intervals greater than 200 gold gram metres at AG Core. Tietto has planned further drilling at AG Core to assess the potential below the planned DFS open pit and test the limits of gold mineralisation, which is still open at depth. Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by Fourth Quarter CY22 and produce 260,000oz gold in 2023. Tietto will deliver an update on Abujar's LOM production plan in Third Quarter CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1,407/oz used in the DFS 7), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto is advancing construction of the processing plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Jul 22
Tietto Hits Up to 144.34g/t Gold in AG Core Infill Drilling Tietto Minerals Limited report further shallow highgrade gold results from infill drilling completed at AG Core, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto adds more shallow highgrade gold intercepts from infill drilling (25m spacing) at AG Core on the main Abujar Shear at its 3.45Moz Abujar Gold Project; results include: 1.72m @ 61.27 g/t Au from 9m incl. 0.72m @ 144.34 g/t Au (ZDD1192A Section 25A) 22m @ 1.3 g/t Au from 34m incl. 1m @ 11.15 g/t Au (ZDD1222 Section 28C) 2m @ 9.2 g/t Au from 33m incl. 1m @ 16.63 g/t Au (ZDD1194 Section 25A) Latest results received from AG Core infill drilling (30 DD holes for 3,063m), part of an expanded program targeting delineation of Measured Resources (over 2.9km) expected to be mined during the first two years of Abujar gold production Assays pending for infill holes (38 DD holes for 7,095m) drilled at AG Core and AG South Tietto's six diamond rigs are actively drilling, with more than 100,000m of drilling forecast in CY22. Announcement • Jul 14
Tietto Minerals Limited Provides Project Construction Update on its Abujar Gold Project Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for activities during June 2022. Tietto is on track to deliver first gold at Abujar in fourth quarter 2022. Construction continues to track well against schedule, with CIL tank erection progressing and two tanks now at full height. NCP International is on site to install the SAG Mill. SMP contractor has mobilised to site and commenced work. The camp is more than 50% operational and scheduled for completion in August. Work on the tailings storage facility (TSF) and diversion channel is moving ahead. The following figures show the progress achieved on site during June 2022. Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by fourth quarter Current year 2022 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter of current year 2022. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early third quarter Current year 2022 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1,407/oz used in the DFS1), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of fourth quarter Current year 2022 and is on track to become West Africa's next producing gold mine. Announcement • Jul 12
Tietto Minerals Limited Hits Up to 63.85g/t Au in AG South Infill Drilling Tietto Minerals Limited reported further highgrade gold results from infill drilling completed at AG South, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. The company reported the latest batch of assay results (26 DD holes for 5,227.2m) from infill diamond drilling at AG South. Tietto designed this program to convert Indicated Resources at AG South into Measured Resources in the next MRE update expected later this year. More significant intersections received from 1m diamond drill samples. Tietto is completing infill drilling at AG South on 25m line spacings between Section Lines 0 to 13 to a depth covering the first two years of gold production at Abujar (~120m vertical depth). With the addition of the new intercepts, Tietto has now intersected 16 intervals greater than 50 gold gram metres at AG South. Gold mineralisation at AG South remains open at depth and Tietto is planning further drilling to assess the potential below the planned DFS open pit. Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by Fourth Quarter CY22 and produce 260,000oz gold in 2023. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early Third Quarter CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than US$1407/oz used in the DFS5), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Announcement • Jul 05
Tietto Minerals Limited Hits 131.3g/t Au within 5m @ 40.14g/t Au at Abujar Tietto Minerals Limited reported further highgrade gold results from infill drilling completed at AG Core, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa.Tietto report the latest batch of assay results (53 DD holes for 6,583m) from infill diamond drilling at AG Core. Tietto designed this small, targeted program to allow for further increases to Measured Resources in the next MRE update expected later this year. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 80 intervals greater than 50 gold gram metres, including 15 intervals greater than 200 gold gram metres at AG Core. Tietto has planned further drilling at AG Core to assess the potential below the planned DFS open pit and test the limits of gold mineralisation, which is still open at depth. Tietto completed a A$130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by Fourth Quarter CY22 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early Third Quarter CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1,407/oz used in the DFS5), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Jun 29
Tietto Minerals Limited Reports Step-Out Drilling Extends Gold Mineralisation by 4,600M Tietto Minerals Limited reported further highgrade gold results from stepout drilling completed along the Abujar Main Shear, host of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Stepout Drilling - Main Abujar Shear: Tietto reported assay results (77 DD holes for 2,346.5m) from stepout diamond drilling at five prospects located on the main Abujar Shear. Stepout drilling has successfully extended the limits of known gold mineralisation by 4,600m on the main Abujar Shear. Results from the program will be incorporated into the next update of the mineral resource estimate (MRE), expected later in CY22. Tietto intersected multiple gold mineralised quartz veins (in some case with visible gold) and alteration zones in the diamond drill core, consistent with the style of gold mineralisation seen at Abujar. Gold mineralisation remains open at these prospects and over 2,000m of strike remains to be drill tested. Further drilling is planned and will be required to test the known limits on the main Abujar Shear. Next Steps Tietto completed a A$130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by Fourth Quarter CY22 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: 1. Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and 2. Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter CY22. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early Third Quarter CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than US$1407/oz used in the DFS4), targeting a material increase to existing LOM production. Tietto has expanded this to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter CY22 and is on track to become West Africa's next producing gold mine. Announcement • Jun 14
Tietto Minerals Limited Reports Further High-Grade Gold Results from Infill Drilling Completed At AG Core Tietto Minerals Limited reported further high-grade gold results from infill drilling completed at AG Core, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto reported the latest batch of assay results (18 DD holes for 2,346.5m) from infill diamond drilling at AG Core. This small, targeted program of approximately 4,000m drilling was designed to allow for further increases to Measured Resources in the next MRE update (third quarter of CY22). Drill collar details and assay results are in Table 3 and Table 4 respectively. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 77 intervals greater than 50 gold gram metres, including 14 intervals greater than 200 gold gram metres at AG Core. Further drilling is planned at AG Core to complete the infill program. Tietto is planning further drilling to assess the potential below the planned DFS open pit and test the limits of gold mineralisation which is still open at depth. Next Steps: Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by fourth quarter of CY22 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter of 2022. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early third quarter of CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1407/oz used in the DFS), targeting a material increase to existing LOM production. This study has been expanded to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of fourth quarter of CY22 and is on track to become West Africa's next producing gold mine. Announcement • Jun 10
Tietto Minerals Limited Announces Abujar Gold Project June Construction Update Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for activities during May 2022. Tietto is on track to deliver first gold at Abujar in fourth quarter of calendar year 2022. Construction Activities: Construction continues to track well against schedule with CIL tank erection starting and the pending arrival of the SAG Mill to site. Concreting is progressing with the crusher suspended slab being poured. 40% of the TSF HDPE liners have been installed, and construction of the water dam wall continues. The following figures show a snapshot of the progress achieved on site during May 2022. Next Steps: Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by fourth quarter of calendar year 2022 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter of calendar year 2022. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early third quarter of calendar year 2022 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1,407/oz used in the DFS2), targeting a material increase to existing LOM production. This study has been expanded to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Announcement • Jun 09
Tietto Minerals Limited Reports Highgrade Gold Results from Infill Drilling Completed At AG Core and AG South Tietto Minerals Limited reported highgrade gold results from infill drilling completed at AG Core and AG South, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Infill Drilling - AG Core: Tietto reported the latest batch (six DD holes for 803m) of assay results from infill diamond drilling at AG Core. This small, targeted program of approximately 4,000m drilling is designed to allow for further increases to Measured Resources in the next MRE update. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 73 intervals greater than 50 gold gram metres, including 13 intervals greater than 200 gold gram metres at AG Core. Further drilling is planned at AG Core to complete the infill program. Tietto is planning further drilling to assess the potential below the planned DFS open pit and test the limits of gold mineralisation at depth which is still open down to 650m from surface. Infill Drilling - AG South: Tietto reported the third batch (10 DD holes for 2,826.5m) of assay results from infill diamond drilling at AG South, designed to convert Indicated Resources to Measured Resources for mining in the first two years of production. Tietto is completing infill drilling at AG South on 25m line spacings between Section Lines 0 to 13 to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Gold mineralisation at AG South remains open at depth and Tietto is planning further drilling to assess the potential below the planned DFS open pit. Next Steps: Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by fourth quarter current year 22 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter current year 22. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early Third Quarter CY22 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1407/oz used in the DFS9), targeting a material increase to existing LOM production. This study has been expanded to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto's own team is advancing construction of the process plant and associated infrastructure, which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of fourth quarter current year 22 and is on track to become West Africa's next producing gold mine. Announcement • May 24
Tietto Minerals Limited Hits 55.13G/t Gold from Infill Drilling At AG South Tietto Minerals Limited reported highgrade gold results from infill drilling completed at AG South, part of its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto reported the second batch (54 DD holes for 9,265m) of assay results from infill diamond drilling at AG South. The diamond drill program was designed to convert Indicated Resources to Measured Resources for mining in the first two years of production. Tietto is completing infill drilling at AG South on 25m line spacings between Section Lines 0 to 13 to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Gold mineralisation at AG South remains open at depth and Tietto is planning further drilling to assess the potential below the planned DFS open pit. Tietto completed a AUD 130 million twotranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by Fourth Quarter 2022 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `Drill and Build' throughout 2022: 1. Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and 2. Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter 2022. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto will deliver an update on Abujar's LOM production plan in early Third Quarter 2022 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1407/oz used in the DFS5), targeting a material increase to existing LOM production. This study has been expanded to incorporate a scoping study to determine the economic benefits of a heap leach operation at APG running in parallel to the Abujar CIL operation. Tietto's own team is advancing construction of the process plant and associated infrastructure which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of Fourth Quarter 2022 and is on track to become West Africa's next producing gold mine. Price Target Changed • Apr 27
Price target increased to AU$0.90 Up from AU$0.80, the current price target is provided by 1 analyst. New target price is 86% above last closing price of AU$0.48. Stock is up 70% over the past year. The company posted a net loss per share of AU$0.045 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Non-Executive Director Hanjing Xu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 13
Tietto Minerals Limited Provides Abujar Gold Project April Construction Update Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for April 2022. Tietto is on track to deliver first gold at Abujar in fourth quarter of calendar year 2022. Construction Activities: Construction is tracking well against schedule with progress achieved at the plant as SAG mill concrete moves to installation of formwork for the second lift, installation of roofing for the kitchen building, and clearing for the TSF. Next Steps: Tietto announced a AUD 130 million twotranche placement on 29 March 2022 to accelerate development of Abujar. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by fourth quarter calendar year 2022 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `drill and build' into 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter calendar year 2022. Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto now plans to update Abujar's LOM production plan in second quarter calendar year 2022 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1,407/oz used in the DFS2), targeting a material increase to existing LOM production. Tietto's own team is advancing construction of the process plant and associated infrastructure which remains on schedule. Abujar Gold Project is progressing towards first gold pour by the end of fourth quarter calendar year 2022 and is on track to become West Africa's next producing gold mine. Announcement • Apr 11
Tietto Minerals Limited Delivers Maiden Measured Gold Resource at Abujar Tietto Minerals Limited updated Mineral Resource Estimate for its Abujar Gold Project in Côte d'Ivoire, West Africa, with maiden Measured gold Resources added to its 3.45Moz gold inventory as it progresses towards becoming West Africa's next gold mine. Gold mineralisation at Abujar remains open along strike and at depth and further drilling is required to test the limits. Large portions of the Abujar main shear that are bounded by gold mineralisation remain to be drilled and systematic drill testing is planned. n oblique long section of the updated AG Resource Model is presented below in Figure 2. The highgrade core between sections 14 to 29 now reports 23Mt @ 2.22 g/t Au for 1.7Moz (undiluted) using a 0.8 g/t Au cutoff for all classifications. Within the DFS AG Core pit using a 0.6 g/t Au cutoff, the updated Resource Model reports 16.3Mt @ 2.04 g/t Au for 1.1Moz (undiluted) with 94% of these ounces within Measured and Indicated categories7: 4.3Mt @ 2.1 g/t Au for 0.3Moz (Measured). 11.0Mt @ 2.0 g/t Au for 0.7Moz (Indicated). 0.9Mt @ 2.0 g/t Au for 0.1Moz (Inferred). Tietto's aggressive drill programs have delivered rapid growth of gold Mineral Resources at Abujar. This update focused on derisking Mineral Resources to allow the classification of Measured Resources at AG (Core). Tietto intends to update Abujar's LOM production plan to take account of the updated Mineral Resource, greater mill throughput which is up by +12.5% to 4.5Mpta (fresh ore) over 4Mtpa used in the DFS, and higher spot gold prices, that are up to 35% greater than the USD 1,407/oz used for the DFS. Tietto believes the results of this work could materially increase both the Open Pit Ore Reserve and LOM mine inventory with results from this study expected by the end of Second Quarter CY2022. Infill Drill Program: Tietto systematically diamond drill tested Indicated and Inferred Mineral Resources at the AG and APG deposits since the July 2021 Mineral Resource model update9. Tietto's drilling teams completed 378 holes for 71,159.0m across a range of deposits and prospects at Abujar. Tietto drilled 267 holes for 48,994.5mm at AG; 22 holes at AG South (Sections 013) and 245 holes at AG Core. Smaller drill programs designed for resource growth were undertaken at AGM, PGL, ZKP and AGM. Sterilisation drilling for a tailings storage facility (TSF) was completed at AG West. Tietto intends to continue its infill program to derisk and increase confidence in the Mineral Resources making up the early years of production. Drilling has already started at AG South targeting Indicated Resources for conversion to Measured. At time of writing, Tietto had drilled 81 holes for 13,445m (awaiting assay results) as part of a 20,000m diamond drill program. It has designed a smaller targeted program of 4,000m for AG Core to allow for further increases to Measured Resources in the next MRE update. Announcement • Apr 04
Tietto Minerals Limited Announces the Appointment of Ting Xu as Chief Financial Officer Tietto Minerals Limited announced the appointment of Ms. Ting Xu as its Chief Financial Officer as it rapidly progresses towards becoming West Africa's next gold producer at its Abujar Gold Project in Cote d'Ivoire. Ms. Xu has been managing and controlling Tietto's corporate accounting and related compliance since joining the group in May 2021. She has been working on Tietto's day to day accounting functions as well as strategic financial planning. Ms. Xu brings critical expertise in international taxation to Tietto, which will be valuable as the company works to deliver capital returns and dividends as soon practicable following commencement of gold production at Abujar in 2022. Prior to joining Tietto Minerals, Ms Xu held senior financial roles in mining houses Consolidated Minerals and IGO Limited, and corporate accounting firms Grant Thornton and ShineWing Hall Chadwick, with a wide range of responsibilities covering corporate financial accounting, statutory reporting, tax effect and compliance, cashflow management, financial modelling, and business analysis. Announcement • Feb 26
Tietto Minerals Limited Reports Completion of Bonanzagrade Gold Results from Infill Drilling and Highgrade Gold Results from Exploration Drilling at its Abujar Gold Project in Côte d'Ivoire, West Africa Tietto Minerals Limited reported further bonanzagrade gold results from infill drilling and highgrade gold results from exploration drilling completed at its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Infill Drilling - AG Core: Tietto previously reported results from hole ZDD866 on 14th February 2022 and at that time assay results from five samples were pending. These have now been finalised. The presence of coarse gold meant that the analysis of the sample that reported 503.85 g/t Au required the use of screen fire assay with a gravimetric finish. More significant intersections from ZDD866 including the latest batch of five gold assays received for 1m diamond drill samples are summarized. Infill drilling was completed at AG Core on 25m line spacings between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar. Gold mineralisation at AG Core remains open at depths well below open pit limits. Tietto will plan further drilling to assess the potential for underground mining at Abujar below the planned DFS open pit. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 71 intervals greater than 50 gold gram metres, including 13 intervals greater than 200 gold gram metres at AG Core. Exploration Drilling - AGM, GGL and PGL: Results are presented for 33 diamond drill holes completed as part of Tietto's exploration drilling program. This program is designed to grow the Abujar mineral resource, with plans for 100,000m of diamond core drilling in 2022 using six of Tietto's own diamond drill rigs. Drilling results are reported from three prospects, one located to the north and two located to the south of AG Core: AGM: 6 holes for 1,331m; GGL: 4 holes for 936.5m; PGL: 23 holes for 3,974m. More significant intersections from the latest batch of gold assays received for 1m diamond drill samples are summarised. Next Steps: Tietto completed a AUD 85 million Placement10 in January 2022 to complement its debt strategy, where the Company mandated Taurus Mining Finance Fund No.2 L.P. (Taurus) to deliver an underwritten Project Development Facility of up to USD 140 million of debt funding for the USD 200 million project. Tietto remains very well positioned to advance its dual strategy into 2022: 1. Continue to drive rapid resource growth at the 3.35Moz Abujar Gold Project; and 2. Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter of calendar year 2022. Tietto hits 503.85 g/t Au within 10m @ 51.75 g/t Au at AG Core Grades up to 46.2 g/t Au at AGM Prospect as exploration drilling ramps up. Recent Insider Transactions Derivative • Feb 24
Non-Executive Chairman exercised options and sold AU$855k worth of stock On the 22nd of February, Francis Robert Harper exercised 2.50m options at around AU$0.17, then sold 2m of the shares acquired at an average of AU$0.60 per share and kept the remainder. Since June 2021, Francis Robert's direct individual holding has increased from 10.89m shares to 14.83m. Company insiders have collectively bought AU$3.1m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 18
Tietto Minerals Limited Provides Abujar Gold Project February Construction Update Tietto Minerals Limited provided a project development update for its fully funded 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa for November 2021. Tietto is targeting first gold at Abujar in fourth quarter of current year 2022. The build is tracking on schedule at Abujar, which has potential to be one of the largest gold producing mines in Côte d'Ivoire, expected to produce more than 260,000 ounces of gold in the first year and 1.2M ounces of gold in the first six years. Construction is tracking well against schedule with progress achieved on the administration office, cafeteria building, and the first 120 camp rooms. The civil concrete contractor has poured concrete for the CIL ring beams. Announcement • Feb 15
Tietto Minerals Limited Reports Further High-Grade Gold Results from Infill Drilling Completed At the Abujar-Gludehi Deposit Tietto Minerals Limited reported further high-grade gold results from infill drilling completed at the Abujar-Gludehi (AG) Deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Infill Drilling - AG Core: Results are presented for 17 diamond drill holes (2,936m) completed as part of Tietto's infill drilling program which aims to increase confidence in the Abujar mineral resource (i.e., upgrading Indicated Resources to Measured Resources). Tietto completed infill drilling at AG on 25m line spacing (Measured Resource) between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar (120m vertical depth). Gold mineralization at AG Core remains open at depths well below open pit limits. Tietto will plan further drilling to assess the potential for underground mining at Abujar below the planned DFS open pit. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 70 intervals greater than 50 gold gram metres, including 12 intervals greater than 200 gold gram metres at AG Core. Announcement • Feb 07
Tietto Minerals Limited Reports Highgrade Gold Results from Infill Drilling Completed at the Abujargludehi Deposit Tietto Minerals Limited reported highgrade gold results from infill drilling completed at the AbujarGludehi (AG) Deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. These assays are from the 10th batch of results received for the infill drilling program, which was designed to convert Indicated Resources to Measured Resources, scheduled to be mined over the first two years of production. Results are presented for 44 diamond drill holes (5,794m) completed as part of Tietto's infill drilling program which aims to increase confidence in the Abujar mineral resource. Location of the reported drill collars and associated assay results. An oblique crosssection highlighting selected assay results is presented and an oblique long section presents the results. Tietto completed infill drilling at AG on 25m line spacing (Measured Resource) between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Gold mineralisation at AG Core remains open at depths well below open pit limits. Tietto will plan further drilling to assess the potential for underground mining at Abujar below the planned DFS open pit. Tietto has now reported results for 221 holes for 38,330m with the release of this 10th batch. Significant intersections (>=20 gold gram metres) from the program. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 68 intervals greater than 50 gold gram metres, with 11 intervals greater than 200 gold gram metres at AG Core. The second tranche of Tietto's AUD 85 million Placement was approved by shareholders on 7 January 2022 and shares issued on 17 January 2022. The capital raising complements Tietto's debt strategy, where the Company mandated Taurus Mining Finance Fund No.2 L.P. (Taurus) to deliver an underwritten Project Development Facility of up to USD 140 million of debt funding for the USD 200 million project. Tietto remains very well positioned to advance its dual strategy into 2022: Continue to drive rapid resource growth at the 3.35Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter CY22. Tietto continued to deliver milestones during 2021 with key findings from its 5th October 2021 Definitive Feasibility Study (DFS) demonstrating robust financial results and estimated gold production of 260,000oz in the first year and 200,000oz per year over the first six years of Abujar's 11year mine life. The Company is negotiating the final regulatory step, the Abujar Mining Convention, with the Ivorian Government, having already secured all mining and environmental approvals. Tietto's owner's team is advancing construction of the process plant and associated infrastructure which remains on schedule as the Abujar Gold Project progresses towards first gold by the end of fourth quarter CY22 and on track to become West Africa's next gold mine. Announcement • Jan 24
Tietto Minerals Limited Hits 2,853G/T Au Within 25M @131G/T Au At Ag Core Tietto Minerals Limited reported project best bonanza highgrade gold results from infill drilling completed at the AbujarGludehi (AG) Deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Tietto presents results for ZDD895 (135.5m), a diamond drill hole completed as part of Tietto's infill drilling program at AG Core which aims to increase confidence in Abujar mineral resource estimates (i.e., upgrading Indicated Resources to Measured Resources). Tietto has completed infill drilling at AG on 25m line spacing (Measured Resource) between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Gold mineralisation at AG Core remains open at depths well below open pit limits and Tietto will plan further drilling to assess the potential for underground mining at Abujar below the planned DFS open pit. Tietto has now reported results for 177 holes for 32,536m with the release of this ninth batch. Drilling has intersected good widths and grades in assays received to date with these new results increasing the tally to 66 intervals greater than 50 gold gram metres with 11 intervals greater than 200 gold gram metres at AG Core. The second tranche of Tietto's AUD 85 million Placement was approved by shareholders on 7 January 2022 and shares issued on 17 January 2022. The capital raising complements Tietto's debt strategy, where the Company mandated Taurus Mining Finance Fund No.2 L.P. (Taurus) to deliver an underwritten Project Development Facility of up to USD 140 million of debt funding for the USD 200 million project. Tietto remains very well positioned to advance its dual strategy into 2022: Continue to drive rapid resource growth at the 3.35Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in Fourth Quarter CY22. Tietto continued to deliver milestones during 2021 and key findings from its 5 October 2021 Definitive Feasibility Study (DFS) demonstrated robust financial results and estimated gold production of 260,000oz in the first year and 200,000oz per year over the first six years of Abujar's 11year mine life. Announcement • Jan 20
Tietto Minerals Limited Reports Highgrade Gold Results from the Eighth Batch of Infill and Extensional Drilling Completed At the Abujargludehi Deposit At Abujar Gold Project in Côte D'ivoire, West Africa Tietto Minerals Limited reported highgrade gold results from the eighth batch of infill and extensional drilling completed at the AbujarGludehi (AG) deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Downdip drilling below AG Core has confirmed the extension of highgrade shoots 150m below the previous resource drilling. These new results will be incorporated into the upcoming mineral resource update. AG Core remains open at depth and further holes are planned to test the limits of this growing gold system. Drilling Results: This announcement relates to 38 diamond drill holes (8,871.5m) completed as part of Tietto's infill and extensional diamond drilling programs. The infill drilling program was designed to increase confidence in Abujar mineral resource estimates (that is, upgrading Indicated Resources to Measured Resources). The extensional drilling is designed to test the limits of gold mineralization at AG Core below the current resource model. AG Core infill 17 holes for 3,074m. AG Core underground targets - 4 holes for 2,033m. AG South infill and extension - 17 holes for 3,764.5m Infill Drilling - AG Core: Results are presented for 16 diamond drill holes (3,074m) completed as part of Tietto's infill drilling program which aims to increase confidence in Abujar mineral resource estimates (i.e., upgrading Indicated Resources to Measured Resources). Tietto is completing infill drilling at AG on 25m line spacing (Measured Resource) between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Tietto has now reported results for 176 holes for 32,401m with the release of this eighth batch. Drilling has intersected good widths and grades in assays received to date with these new results increasing the tally to 64 intervals greater than 50 gold gram metres and 10 intervals greater than 200 gold gram metres at AG Core. Gold mineralization at AG Core remains open at depths well below open pit limits and Tietto will plan further drilling to assess the potential for underground mining at Abujar below the planned DFS open pit. Underground Target AG Core: Results are presented for four diamond drill holes (2,033m) completed as part of Tietto's downdip extensional drilling program targeting potential underground mineralisation at AG Core. Three holes were abandoned before hitting design depth. The fourth hole (ZDD844) drilled on Section 20 attained a depth of 746.5m downhole (deepest hole drilled at Abujar) and intersected highgrade gold mineralisation 150m below previous drilling. Gold mineralisation at AG Core remains open at depths well below open pit limits and further drilling is planned to assess the potential for underground mining at Abujar below the planned DFS open pit. Infill and Extensional Drilling - AG South: Results are presented for 17 diamond holes (3,764.5) completed as part of Tietto's infill and extensional drilling program at AG South. Announcement • Jan 18
Tietto Minerals Limited Provides A Project Development Update for Abujar Gold Project in Côte d'Ivoire, West Africa Tietto Minerals Limited provided a project development update for its fully funded 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa for November 2021. Tietto is targeting first gold at Abujar in fourth quarter of 2022. Bulk earthworks have been completed for the process plant and camp area. Construction is progressing well on the administration office, cafeteria building, and the first 120 camp rooms. The civil concrete contractor mobilised to site and has poured blinding concrete for CIL ring beams. Tietto Bulk Earthworks Construction Fleet: Tietto purchased 14 dump trucks and two Hitachi excavators for the bulk earthworks at Abujar, which arrived on site during the month and are in operation. Recent Insider Transactions Derivative • Jan 18
Board Member exercised options to buy AU$1.6m worth of stock. On the 14th of January, Paul Kitto exercised options to buy 4m shares at a strike price of around AU$0.071, costing a total of AU$250k. This transaction amounted to 350% of their direct individual holding at the time of the trade. Since June 2021, Paul's direct individual holding has decreased from 2.00m shares to 1.00m. Company insiders have collectively bought AU$3.9m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Jan 07
Non-Executive Chairman exercised options to buy AU$2.1m worth of stock. On the 31st of December, Francis Robert Harper exercised options to buy 4m shares at a strike price of around AU$0.20, costing a total of AU$825k. This transaction amounted to 42% of their direct individual holding at the time of the trade. Since June 2021, Francis Robert's direct individual holding has decreased from 10.89m shares to 9.89m. Company insiders have collectively bought AU$3.9m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Dec 23
Tietto Minerals Limited Hits 152.24 g/t Au Within 3m @ 79.78 g/t gold 3 km from AG Core Tietto Minerals Limited reported highgrade gold results from the seventh batch of infill, step out and extensional drilling completed at the AbujarGludehi(AG) deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. This announcement relates to 40 diamond drill holes (7,840m) completed as part of Tietto's infill drilling program which aims to increase confidence in Abujar mineral resource estimates (i.e., upgrading Indicated Resources to Measured Resources). Tietto is completing infill drilling at AG on 25m line spacing (Measured Resource) between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Tietto has now reported results for 160 holes for 29,327m with the release of this seventh batch. Significant intersections (>=20 gold gram metres) from the program. Drilling has intersected good widths and grades in assays received to date with these new results increasing the tally to 63 intervals greater than 50 gold gram metres and 10 intervals greater than 200 gold gram metres at AG Core. Gold mineralisation at AG Core remains open at depths well below open pit limits and Tietto will plan further drilling to assess the potential for underground mining at Abujar below the planned DFS open pit. Assay results from ZDD847A (251.5m) have demonstrated continuity of gold mineralisation 60m below the current resource model (Inferred) and 150m below the AG South pit 4 (3 km south of AG Core). The most significant intercept reported includes 3m @ 79.78 g/t Au from 227m incl. 2m @ 119.07 g/t Au. A number of assays are still pending for this hole. Results are pending for three holes (496m) drilled on Section 12 and Section 11. Results are also pending for another 20 holes (3,477.5m) at PGL, covering around 1,000m to the southwest from Section 13 which is the limit of the current resource. Recent stepout drilling on the main Abujar shear at PGL intersected highgrade gold 600m to the southwest of ZDD847A with ZDD808A intersecting 5m @ 11.34 g/t Au from 131m incl. 2m @ 26.78 g/t Au8. Location of the reported drill collars and associated assay results. Gold mineralisation at AG South and PGL remains open and Tietto is planning further drilling to the limits of mineralisation and expects to grow resources in these areas. Announcement • Dec 12
Tietto Minerals Limited Provides Project Development Update for its 3.35Moz Abujar Gold Project in Côte D'ivoire, West Africa Tietto Minerals Limited provided a project development update for its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa for November 2021. Tietto is targeting first gold at Abujar in fourth quarter of 2022. Engineering & Drafting Process: Process design is 100% complete with key process design deliverables issued for: Process Design Criteria, Mass balance, Flowsheets, P&IDs, Process Control Philosophy. Earthworks: Primary Crushing Chamber backfill and drainage drawings issued for review. Concrete: Primary Crushing concrete drawings issued for Construction; Reclaim Concrete drawings issued for Construction; CIL ring beam concrete drawings issued for Construction; Mill foundation concrete drawings issued for Construction; Pebble Crusher vault concrete drawings issued for Construction; Elution Concrete drawings issued for Construction; Air services concrete drawings are progressing for review by next reporting period; Reagents concrete drawings issued for review. Structural: Piperack structural drawings checked and in backdrafting for issue for construction this month; Primary Crushing structural drawings are being checked and will be issued for construction this month; Reclaim steelwork structural drawings checked and in backdrafting for issue for construction this month; Pebble Crushing steelwork drawings issued for construction; Leaching structural steel drawings checked and in backdrafting for issue for construction this month; Milling steelwork drawings in checking and expected to be issued for construction progressively from midDecember 2021; Structural engineering of all conveyors (CV01, CV02, CV03 and CV04) is complete. Drawings are in development with the aim of issuing for construction progressively from January 2022. Platework: Primary crushing platework issued for construction; Reclaim platework issued for construction; Milling platework in checking and backdrafting and will be progressively issued for construction from December 2021; CIL tank and intertank launders platework drawings checked and are being; backdrafted for issue during December 2021; Elution/reagents/tailings area platework issued for review. Recent Insider Transactions Derivative • Dec 01
Executive Director exercised options to buy AU$683k worth of stock. On the 30th of November, Mark Strizek exercised options to buy 2m shares at a strike price of around AU$0.20, costing a total of AU$326k. This transaction amounted to 179% of their direct individual holding at the time of the trade. Since December 2020, Mark's direct individual holding has increased from 1.66m shares to 1.91m. Company insiders have collectively bought AU$1.7m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Nov 22
Tietto Minerals Limited announced that it expects to receive AUD 85 million in funding Tietto Minerals Limited announced a private placement of 217,948,718 common shares at a price of AUD 0.39 per share for gross proceeds of AUD 85,000,000.02 on November 22, 2021. The transaction will include participation from Australian offshore institutional and wholesale investors. The company will receive funding in two tranches, first tranche to be closed on or around November 26, 2021 and second tranche on or around January 14, 2022, subject to shareholder approval. The transaction has been approved by board of directors of the company. Recent Insider Transactions Derivative • Oct 14
MD & Director exercised options to buy AU$1.9m worth of stock. On the 12th of October, Caigen Wang exercised options to buy 4m shares at a strike price of around AU$0.25, costing a total of AU$1m. This transaction amounted to 25% of their direct individual holding at the time of the trade. Since December 2020, Caigen has owned 15.79m shares directly. Company insiders have collectively bought AU$1.3m more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Oct 07
Price target increased to AU$0.80 Up from AU$0.60, the current price target is provided by 1 analyst. New target price is 103% above last closing price of AU$0.40. Stock is down 25% over the past year. Announcement • Sep 24
Tietto Minerals Limited Reports Highgrade Gold Results from Abujargludehi (Ag) Deposit Tietto Minerals Limited reported highgrade gold results from the second batch of infill drilling recently completed at the AbujarGludehi (AG) deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. This release relates to 12 diamond drill holes (2,127.5m) completed as part of an infill drilling program. The infill holes were designed to increase confidence in current mineral resource estimates at Abujar (i.e., upgrading Indicated Resources to Measured Resources). Tietto is completing infill drilling at AG on 25m line spacing (Measured Resource) between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Tietto has completed another 77 holes for 14,074m with assay results outstanding, and plans to drill a further 10,000m. At current drilling rates, Tietto expects the infill program across AG Core to be completed early in Fourth Quarter 2021. Drilling has intersected good widths and grades in assays received to date with another two intersects adding to the tally of intervals greater than 50 gold gram metres at AG Core (Table 2). Gold mineralisation remains open at AG core at depths well below open pit limits (~560m below surface and 780m along strike) and further drilling will be required to assess the potential for underground mining below the planned open pit. Aggressively exploring at Abujar to drive rapid resource growth: Targeting 100,000m of diamond drilling in 2021 using 6 Companyowned DD rigs drilling at USD 35/m; Drill testing 8.5km of fertile Abujar main shear along strike from the existing AG and APG deposits; and Drill testing high priority regional targets. Fast tracking development of the Abujar Gold Project: Tietto continues towards delivery of milestones during 2021 including a Definitive Study (DFS) for Abujar, which is on track for the end of Third Quarter CY2021. Tietto has secured a SAG mill for the project and Engineering Design of the Abujar Gold Mine Processing Plant is being undertaken by Primero Group, a Perthbased specialist mine design company. The Company is negotiating the Abujar Mining Convention with the Ivorian Government, being the final regulatory step for the Company to achieve, with all mining and environmental approval already secured. Tietto's owner's team are focused on value enhancement areas identified by the PFS, and are implementing plans for the commencement of longlead activities to ensure an expedited route to gold production at Abujar.Tietto adds multiple highgrade gold drill intercepts at its 3.35Moz Abujar Gold Project from infill drilling at AG Core including: 16m @ 17.60 g/t Au from 69m incl. 2m @ 126.57 g/t Au (ZDD687 -Section 19C); 18m @ 3.30 g/t Au from 60m incl. 7m @ 6.23 g/t Au (ZDD633 - Section 21A); 12m @ 2.07 g/t Au from 18m incl. 4m @ 4.42 g/t Au (ZDD679 - Section 19C); 4m @ 6.02 g/t Au from 70m and 4m @ 6.11 g/t Au from 101m (ZDD636 - Section 24C) and 11m @ 1.98 g/t Au from 79m incl. 4m @ 4.68 g/t Au (ZDD637 - Section 21A). Drilling aims to convert a portion of Indicated resources (35Mt @ 1.5 g/t Au for 1.65Moz) to Measured targeting the first two years of Abujar's gold production Second batch of assay results received (12 holes for 2,127.5m) from a 30,000m infill diamond drill program on 25m line spacing Tietto awaits assays for 77 holes drilled (14,074m). The remaining 10,000m of infill drilling expected to be completed early in Fourth Quarter CY21. Tietto continues to advance Abujar's development with an early work program underway including front end engineering and design (FEED), site and camp construction Abujar Definitive Feasibility Study due by end of Third Quarter CY21; next resource update due Fourth Quarter CY21. Tietto is targeting first gold at Abujar in Fourth Quarter CY2022. Announcement • Sep 12
Tietto Minerals Limited Reports High-Grade Gold Results from the First Batch of Infill Drilling Recently Completed At the Abujargludehi (AG) Deposit Tietto Minerals Limited reported high-grade gold results from the first batch of infill drilling recently completed at the AbujarGludehi (AG) deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa. This release relates to 24 diamond drill holes (3,843m) completed as part of an infill drilling program. The infill holes were designed to increase confidence in current mineral resource estimates at Abujar (that is, upgrading Indicated Resources to Measured Resources). Highlights: The company adds multiple high-grade gold drill intercepts at its 3.35Moz Abujar Gold Project from infill drilling at AG Core including: 3m at 35.65 g/t Au from 85m incl. 1m at 98.03g/t Au (ZDD596 - Section 28A); 7m at 12.48 g/t Au from 66m incl. 4m at 21.45 g/t Au (ZDD617 - Section 28A); 19m at 2.33 g/t Au from 143m incl. 1m at 23.17 g/t Au (ZDD606 - Section 23A); 17m at 1.68 g/t Au from 93m incl. 7m at 2.84 g/t Au (ZDD607 - Section 26C); 7m at 3.66 g/t Au from 34m incl. 2m at 11.93 g/t Au (ZDD629 - Section 21A); Drilling aims to convert a portion of Indicated resources (35Mt @ 1.5 g/t Au for 1.65Moz) to Measured targeting the first two years of production; First assay results received (24 holes for 3,843m) from a 30,000m infill diamond drill program on 25m line spacing; The company awaits assays for 63 holes drilled (11,198m). The remaining 15,000m of infill drilling expected to be completed early in fourth quarter 2021; The company continues to advance Abujar's development with an early work program underway including front end engineering and design (FEED), site and camp construction; Abujar Definitive Feasibility Study due by end of third quarter calendar year 2021; next resource update due fourth quarter of calendar year 2021; The company is targeting first gold at Abujar in fourth quarter of calendar year 2022. Announcement • Jun 16
Tietto Minerals Limited Reports Further High-Grade Gold Results from Infill and Extensional Drilling At the Abujar Gludehi and Abujarpischongolikro Deposits Tietto Minerals Limited reported further high-grade gold results from infill and extensional drilling at the Abujar Gludehi (AG) and AbujarPischonGolikro (APG) deposits, part of its 3.02Moz Abujar Gold Project in Côte d'Ivoire, West Africa. Results reported in this release are among those for inclusion in the next Abujar Mineral Resource update, due at the end of second quarter of calendar year 2021. The company has been systematically diamond drill testing Inferred Mineral Resources at the AG and APG deposits since 15 September 2020, the drilling cutoff date used for the October 2020 Mineral Resource model. The company’s drilling teams completed 255 holes for 53,395.5m across a range of deposits and prospects at Abujar. The company has drilled 128 holes for 31,480m at AG, with 59 holes at AG South (Sections 014) and 69 holes at the AG Core (Sections 1529) as well as 74 holes for 11,616.5m at APG. Results from these holes will be included in the Abujar resource model update, expected to be delivered by the end of the current quarter. This release relates to 27 diamond drill holes (5,589m) completed as part of an infill drilling program. The infill holes were designed to increase confidence in current mineral resource estimates at Abujar (i.e., upgrading Inferred Resources to Indicated Resources). Results reported in this release include eleven holes from AG South and seven holes from drilling at AG Core. Infill drilling at AG has now been completed on 50m line spacing (Indicated Resource) between Section Lines 4 to +30 (3,400m). Results of AG Core drilling (Table 4) have largely been in line with expectations, with the limits of gold mineralization extended up and downdip as drilling was stepped out between and across sections. Gold mineralization remains open at AG core at depths well below open pit limits (~560m below surface and 780m along strike) and further drilling will be required to assess the potential for underground mining below the planned open pit. At AG South, some of the largest increases in drill density have been achieved between Section Lines 614, which are classified as Inferred Resources in the current resource model and are now at Indicated Resource drill spacing. Drilling targeting of updip and downdip extensions on other sections has also been completed at AG South. The results of the infill drilling at AG South (Table 5) have been above expectations, with infill drilling defining a continuous zone of shallow ultrahighgrade gold (over 100 gold gram metres) striking over 200m between Section Lines 4B - 6B. These high impact holes have potential to add significant shallow high-grade ounces early into the mine schedule. The company has completed infill drilling at AG to Indicated Resource line spacing across Main, Central and South Pit areas, which have a mining inventory of 22Mt for 1.09Moz Au inclusive of the Ore Reserve. Once resource modelling has been completed, the updated resource model will be fed to mine planners for use in mine optimization and Ore Reserve studies. The company expects the Mining Inventory within Main, Central and South Pit will be able to be classified as Ore Reserves. Announcement • May 29
Tietto Minerals Limited Reports Further Highgrade Gold Results from Infill and Extensional Drilling at the Abujargludehi Deposit Tietto Minerals Limited reported further highgrade gold results from infill and extensional drilling at the AbujarGludehi (AG) deposit, part of its 3.02Moz Abujar Gold Project in Côte d'Ivoire, West Africa. The latest results from AG reported in this release are among those for inclusion in the next Abujar Mineral Resource update, due at the end of second quarter of calendar year 2021. Highlights: Tietto adds multiple highgrade gold drill intercepts at its 3.02Moz Abujar Gold; Project including: AG Core (Section Line 15 to 29): 4m @ 14.37 g/t Au from 536m (ZDD511 - section 23B); 7m @ 6.23 g/t Au from 578m incl. 1.00m @ 39.98 g/t Au (ZDD514 - section 15B). AG South (Section Line 2 to 14): 7m @ 6.53 g/t Au from 90m (ZDD513 - section 3B); 4m @ 3.12 g/t Au from 104m joining the previously announced 5m @ 109.06 g/t Au from 99m incl. 1m @ 532.06 g/t Auresulting in 9m @ 61.97 g/t Au from 99m and ending in mineralization; Ultrahigh grade gold intersections on sections 1B, 2, 2B, 3B, 4B, 5, 5B, 6, 6B, 7 and 9B; Tietto has completed its infill diamond drilling program (cutoff date 24 May 2021) with final assays expected in the coming weeks; Abujar Mineral Resource update due by end of June quarter; Tietto expects recent drilling will underpin a material upgrade to Abujar Ore Reserves of 15.7Mt @ 1.7g/t Au for 0.86Moz (maiden open pit) within AG 22.9Mt @ 1.5g/t Au for 1.12Moz1 Mining Inventory and openpitable Inferred Resources identified at APG (8.1Mt @ 0.8g/t Au for 0.2Moz) within the Expanded Project study; Strong news flow to continue, with more than 6,100 Abujar samples at the laboratory; Tietto's fleet of six diamond rigs are drilling ~11,000m a month in 2021 to drive; Abujar's rapid resource growth at low discovery cost per ounce; Tietto is rapidly advancing Abujar with June quarter work program to include front end engineering and design (FEED), and commencement of site and camp construction. Announcement • May 21
Tietto Hits 3m at 58.61 g/t gold incl. 1m at 174.72 g/t gold at AG South Tietto Minerals Limited reported further highgrade gold results from infill drilling at the AbujarGludehi (AG) deposit, part of its 3.02Moz Abujar Gold Project in Côte d'Ivoire, West Africa. The latest results from AG reported in this release are among those for inclusion in the next Abujar Mineral Resource update, due at the end of Second Quarter CY2021. Tietto has been systematically diamond drill testing Inferred Mineral Resources at AG and APG since 15 September 2020, which was the drilling cutoff date used for the October 2020 Mineral Resource model. Tietto's drilling teams have completed 241 holes for 50,979m across a range of deposits and prospect at Abujar. At AG, 128 holes for 31,480m have been drilled; 59 holes at AG South (sections 014) and 69 holes at the AG Core (sections 1529). Results from these holes will be included in the resource model update, expected to be delivered by the end of the current quarter. This release relates to 24 diamond holes (8,177m) completed as part of an infill drilling program with 59 holes for 8,789.55m drilled at AG South (sections 014) and 69 holes for 22,618.5m drilled at AG Core (sections 1529). The infill holes were designed to increase confidence in current mineral resource estimates at Abujar (i.e., upgrading Inferred material to Indicated). Results reported in this release include one hole from AG South and 23 holes from drilling at AG Core. Assay results from 41 diamond holes for 9,832.5m are still pending. Announcement • May 08
Tietto Minerals Limited Reports Further Highgrade Gold Results from Infill Drilling at the Abujar Pischongolikro (APG) Deposit Tietto Minerals Limited reported further highgrade gold results from infill drilling at the Abujar PischonGolikro (APG) deposit, part of its 3.02Moz Abujar Gold Project in Côte d'Ivoire, West
Africa, which is on track to be West Africa's next gold mine. The latest results from APG reported in this release are among those for inclusion in the next Abujar Mineral Resource estimate update, due late Second Quarter CY2021. Tietto has been systematically diamond drill testing Inferred Mineral Resources at AG and APG since 15 September 2020, which was the drilling cutoff date used for the October 2020 Mineral Resource model2. Tietto's drilling teams have completed 277 holes for 48,453m across a range of deposits and prospect at Abujar (Table 1). At APG, teams have completed 45 holes for 7,337m and it is expected another 2,500m will be completed by 24 May 2021 for inclusion in the resource model update. Tietto now plans to deliver this by the end of the current quarter. Price Target Changed • Apr 15
Price target decreased to AU$0.60 Down from AU$0.80, the current price target is provided by 1 analyst. New target price is 94% above last closing price of AU$0.31. Stock is up 19% over the past year. Announcement • Apr 07
Tietto Minerals Limited Provides Annual Production Forecast for the First Year 2021 Tietto Minerals Limited provided annual production Forecast for the first year 2021. For the period, the company Forecast annual production of 200,000 ounces gold in first year of production; more than 168,000 ounces per annum over the first 6 years of project. Is New 90 Day High Low • Feb 25
New 90-day low: AU$0.35 The company is down 1.0% from its price of AU$0.35 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Announcement • Feb 24
Tietto Minerals Limited Reports Multiple High-Grade Gold Intercepts from a Number of Targets Including 1m @ 46.57 g/t Au from surface at GGL Tietto Minerals Limited reported high-grade gold results from multiple targets identified as part of a regional and step out drilling program outside its 3.02millionounce Abujar Gold Project in Côte d'Ivoire, West Africa, demonstrating the potential for continued resource growth. Tietto is on track to become West Africa's next gold producer as it develops Abujar, with a PFS and DFS expected in the year 2021. Tietto is undertaking regional and stepout drilling at its 3.02Moz Abujar Gold Project as part of a systematic 70,000m diamond drilling program across its tenure designed to grow existing resources and test new prospects identified by its exploration team. Tietto has completed 58 holes for 11,740.5m over seven prospects and this report relates to results received to date for these holes. This drilling has returned strong intercepts across multiple targets, including 1m at 46.57 g/t Au from surface at GGL, and encouraging results at Koflankro with 1m @ 32.58 g/t Au from 167m beneath gold in soil anomalism. Gold mineralisation was intersected in drilling at Koflankro over a 600m strike along multiple parallel contacts and over 1,900m of strike still remains to be tested. Drilling at APG intercepted good widths and grade with 11m @ 2.17 g/t Au from 37.0m incl. 4m @ 5.09 g/t Au, and this has confirmed mineralisation over an additional 400m strike length outside of the current resource model. Drilling has also intercepted a potential new lode at Abujar Gludehi West ("AG West", immediate west of the AG deposit), with ZDD417 returning 7m @ 1.33 g/t Au from 20.0m including 1m @ 7.62 g/t Au from beneath a quartz vein mapped on surface. Tietto has collected 3,089 soil samples over a 200m by 25m grid to test and/or sterilise prospective structures associated with potential infrastructure locations. The soil sampling program has successfully identified multiple highgrade gold in soil hits, including 5,038 ppb gold (5.04 g/t Au). There were more than 75 samples reporting greater than 100ppb gold in soil, including nine samples reporting more than 500ppb Au (0.5 g/t Au). The Company is currently undertaking contract aircore drilling and its own diamond drill rigs will follow up and test these highpriority targets. Tietto remains well positioned to advance its dual strategy in 2021: Aggressively exploring at Abujar to drive rapid resource growth: 70,000m diamond drilling program using Tietto's 6 DD rigs drilling at USD 35/m; Drill testing 8.5km of fertile Abujar main shear along strike from AG and APG; Drill testing high priority regional targets; Artisanal workings dotted along 70km mineralised corridor. Announcement • Feb 14
Tietto Minerals Limited Announces Update from Abujargludehi (AG) Deposit Tietto Minerals Limited announced more highgrade gold results from the AbujarGludehi (AG) deposit, part of its 3Moz Abujar Gold Project in Côte d'Ivoire, West Africa, demonstrating the gold mineralised system's potential for continued growth. Tietto is on track to become West Africa's next gold producer as it develops Abujar, with a PFS and DFS expected this year. Tietto's current Abujar JORC mineral resource of 3.02Moz includes resources from three deposits hosted within the Central Corridor: AG (Abujar Gludehi): 49.6Mt at 1.5 g/t Au for 2.3Moz; APG (Abujar Pischon and Golikro): 31Mt at 0.7g/t Au for 0.7Moz; and SG (South Gamina): 0.5Mt at 1.4g/t Au for 0.02Moz. The combined strike length of these three prospects accounts for approximately 10% of the overall strike length of the 70km mineralised Abujar gold corridor. As outlined in its 17 November 2020 ASX announcement, Tietto is undertaking 70,000m of systematic diamond drilling across its tenure design to grow existing resources and test new prospects identified by its exploration team. The 70,000m diamond drilling program includes 28,000m of infill drilling and 2,500m geotechnical drilling. Tietto has completed 28 holes for 7,134.5m (more than 25%) of the 28,000m diamond drilling infill program designed to increase confidence in current mineral resources (targeting inferred material in the current mineral resource) at AG. Geotechnical drill program of 2,500m progressing well, with six holes completed for 1,267.5m. The holes have been designed to deliver data for developing a rock mass model that will be used to provide pit slope information for the Feasibility Study. Once all holes have been completed, they will be logged and intervals selected for physical testwork to establish the rock mass model. Tietto continues to add highgrade gold intercepts at the 3Moz Abujar Gold Project with latest results including: 6m @ 6.27 g/t Au from 389m includes 1m @ 25.19 g/t Au, within: 14m @ 2.94 g/t Au from 384m from diamond hole ZDD410; 2m @ 8.82 g/t Au from 48m includes 1m @ 17.17 g/t Au and; 7m @ 3.68 g/t Au from 63 m includes 5m @ 4.88 g/t Au from diamond hole ZDD413. Assay results received for 7 holes of 28 holes drilled, more assays pending Tietto's 28,000m infill drilling program designed to increase mineral resource confidence categories for resource update due end of May 2021. Geotechnical drill program progressing well 6 holes completed for 1,267.5m from planned 2,500m program Abujar PFS and maiden reserve delivery expected by end of First Quarter 2021 Tietto is well funded with $57 million cash at bank1 to complete Abujar project milestones including PFS, DFS and order long lead items to accelerate project development Tietto's six diamond drill rigs active at Abujar with plans to aggressively drill throughout 2021 to deliver rapid resource growth at low discovery cost per ounce. Announcement • Jan 19
Tietto Minerals Limited Appoints Matthew Wilcox as Chief Operating Officer Tietto Minerals Limited announced the appointment of Matthew Wilcox as its Chief Operating Officer as it progresses towards becoming West Africa's next gold producer, developing the 3.02Moz Abujar Gold Project in Cote d'Ivoire. Mr. Wilcox directly managed the construction of West African's 300,000ozpa Sanbrado Gold Mine, which was completed in March 2020, ahead of schedule and under budget. He is highly experienced in the gold mining construction industry in West Africa, having spent the prior eight years working for Nord Gold, which operates nine gold mines globally, including three mines in Burkina Faso and one mine in Guinea. Prior to his role at West African, Mr. Wilcox was Project Director for the construction of Nord Gold's 4Mtpa Bissa Gold Project and 8Mtpa Bouly Gold Project, both located in Burkina Faso. He was General Manager of the 6Mtpa LEFA Gold Project in Guinea, and prior to joining West African was Project Director for the construction of the 12Mtpa Gross Gold Project in Siberia, Russia. Recent Insider Transactions Derivative • Jan 19
Independent Non-Executive Director exercised options to buy AU$666k worth of stock. On the 18th of January, Hanjing Xu exercised options to buy 1.63m shares at a strike price of around AU$0.20, costing a total of AU$326k. This transaction amounted to 51% of their direct individual holding at the time of the trade. Since March 2020, Hanjing's direct individual holding has increased from 1.99m shares to 3.17m. Company insiders have collectively bought AU$84k more than they sold, via options and on-market transactions, in the last 12 months. 
