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. 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. 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. 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. 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 14% 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 (14% 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). 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. 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. 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. 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. Is New 90 Day High Low • Feb 27
New 90-day low: AU$0.34 The company is down 4.0% from its price of AU$0.35 on 27 November 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: AU$0.36 The company is down 34% from its price of AU$0.55 on 27 August 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. Announcement • Nov 18
Tietto Minerals Limited Commences 70,000m of Drilling to Underpin DFS Tietto Minerals Limited announced a new 70,000m diamond drilling campaign is underway at its 3.02Moz Abujar Gold Project in Côte d'Ivoire, designed to underpin 2021 gold resource
growth and a Definitive Feasibility Study (DFS) on proposed largescale open pit mining. 70,000m diamond drilling program underway at Tietto's 3.02Moz Abujar Gold Project, with up to 6 rigs completing 7,000m - 11,000m of drilling per month. Drilling will target multiple new and existing prospects on three parallel corridors to drive further resource growth on the Abujar Middle Tenement which hosts AG deposit of 2.3Moz at 1.5 g/t Au. Tietto will extend drilling from GGL to Gamina, which hosts large historical artisanal workings on the Abujar North tenement. Tietto's own NOCK1000 DD rig has arrived on site (capable of drilling 1000m holes) and will commence drilling beneath AG deposit in January 2021. Abujar PreFeasibility Study on track for delivery in first quarter of 2021. Environmental Approval granted; Mining licence approval process well advanced. Tietto is well funded to achieve Abujar project milestones with over $60 million cash at bank at the end of September. Is New 90 Day High Low • Oct 30
New 90-day low: AU$0.44 The company is down 31% from its price of AU$0.64 on 29 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 27
New 90-day low: AU$0.47 The company is down 1.0% from its price of AU$0.47 on 29 June 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 7.0% over the same period. Announcement • Sep 24
Tietto Minerals Limited Reports More Highgrade Gold Results from the AbujarGludehi Tietto Minerals Limited reported more highgrade gold results from the AbujarGludehi (AG) deposit, part of its 2.2Moz Abujar Gold Project in Côte d'Ivoire, West Africa, demonstrating the gold
mineralised systems' potential for continued growth. Tietto is on track to release an updated resource estimate for Abujar in midOctober following completion of more than 61,000m of drilling. Diamond Drilling Progress: Tietto has completed over 61,000m of diamond drilling using its own diamond drill rigs at AG, AG South, APG and GGL since the November 2019 Mineral Resource Estimate (2.2Moz). This drilling has been designed for rapid resource growth at low discovery cost by testing the limits of gold mineralisation along strike and at depth at AG, AG South, APG and delineating new mineral resources at GGL. This announcement relates to the latest batch of assays received for holes completed at AG, APG and GGL: AG - Extending highgrade core (19.3Mt @ 2.2 g/t Au for 1.38Moz) - AG South - Shallow highgrade gold mineralisation directly south of AG - APG - Extension to shallow oxide resources 7km south of AG - GGL (from AG to Gamina) - Directly north of AG; extensive artisanal workings. AG Resource: Significant intersections from the latest batch of assays received for 1m diamond drill samples taken from AG. An oblique crosssection presents the assay results. Highgrade gold mineralisation remains open along strike and at depth. Tietto plans to drill more holes along strike at AG, as well as further stepback drilling to test the depth limits of this large highgrade gold system. Tietto has now reported 40 highgrade gold intercepts over 50 gold gram metres within the
highgrade core at AG. APG Resource: Tietto's diamond drilling program at APG is designed to provide shallow openpitable gold ounces that would complement a potential highgrade openpit operation at AG, which is
7km to the north. Significant intersections from the latest batch of assays received for 1m diamond drill samples taken from APG. APG Resource: Tietto's diamond drilling program at APG is designed to provide shallow openpitable gold ounces that would complement a potential highgrade openpit operation at AG, which is 7km to the north. Significant intersections from the latest batch of assays received for 1m diamond drill samples taken from APG. GGL Prospect: Tietto's diamond drilling program at GGL is designed to provide shallow openpitable gold ounces that would complement a potential highgrade openpit operation at AG, which is located immediately to the south. Gold mineralisation remains open along strike and at depth. Tietto plans to drill more holes at GGL to test the limits of this gold system beneath significant artisanal workings. 2021 Resource Program: Tietto will continue to deliver aggressive exploration drilling programs targeting resource growth into 2021. Fleet of diamond rigs have delivered rapid resource growth for what
is arguably the lowest discovery cost in West Africa and will continue to do so. Tietto currently has five of its own diamond drill rigs on site. Substantial exploration upside remains at the Abujar Gold Project, made up of three contiguous tenements (totalling 1,114km2) which cover multiple parallel gold mineralised zones over a 70km shear structure that remains untested by drilling. Announcement • Sep 22
Tietto Minerals Limited announced that it expects to receive AUD 57.5 million in funding Tietto Minerals Limited (ASX:TIE) announced underwritten private placement of 72,580,645 common shares at a price of AUD 0.62 per share for proceeds of AUD 45,000,000 and non-underwritten placement of 20,161,290 common shares at a price of AUD 0.62 per share for proceeds of AUD 12,500,000 for gross proceeds of AUD 57,500,000 to institutional and sophisticated investors in Australia and overseas on August 3, 2020. The company will issue 35,200,000 common shares for proceeds of AUD 21,824,000 in its first tranche and 55,929,033 common shares for proceeds of AUD 34,676,000 in its second tranche. The first tranche does not need approval from shareholders but second tranche is subject to shareholder approval at a general meeting to be held on September 10, 2020. Announcement • Aug 27
Tietto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.198998 million. Tietto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.198998 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 320,964
Price\Range: AUD 0.62 
