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.