Westgold Lodges Bidder’s Statement for Gascoyne Resources Takeover to Lukewarm Response

THE BOURSE WHISPERER: The battle for Gascoyne Resources (ASX: GCY) between Firefly Resources (ASX: FFR) and Westgold (ASX: WGX) entered a new chapter this morning with Westgold releasing its Bidder’s Statement.

Westgold presented its case, saying in its Statement that it, “is aware of the current Firefly Scheme with Gascoyne and presents this Offer as a value accretive alternative to join with a well-funded, debt free and growth orientated Western Australian gold producer.”

“Our Strategy and Offer Westgold’s strategy is to keep Dalgaranga running at full capacity, managed by the current Gascoyne operating team and contractors, to increase gold output by supplementing the ore feed with higher grade ore from our existing Cue mines.

“Westgold has three operating hubs across the Murchison and is seeking to expand its business by acquiring Dalgaranga.

“The combined company will become one of the top 5 Australian domestic gold producers creating a wealth of opportunities for stakeholders.”

Gascoyne informed the market that it had seen the Westgold Bidder’s Statement and that, “alongside its financial and legal advisers, are currently reviewing the Bidder’s Statement and Gascoyne expects to be in a position to issue its Target’s Statement by no later than 29 October 2021”.

“The Company continues to recommend that shareholders REJECT the Westgold Offer and take no action in response to all correspondence from Westgold.

Gascoyne also made reference to Westgold’s announcement to the ASX on 15 October 2021 which directed shareholders to a separate statement on its website, the “Westgold Statement”.

“The Westgold Announcement was indicated to have been made in response to Gascoyne’s announcement regarding a revised Business Plan for Dalgaranga (refer to Gascoyne ASX announcement of 13 October 2021),” Gascoyne said.

“Gascoyne considers that key aspects of the Westgold Statement are misleading and strenuously refutes the statements made by Westgold that the revised Business Plan escalates operational and financial risk to the Company.”

Whichever way this goes in the end, it is currently making for compelling observance.

 

TO READ THE FULL ANNOUNCEMENTS: CLICK HERE & CLICK HERE

 

Email: admin@gascoyneresources.com.au
perth.reception@westgold.com.au

 

Web: www.gascoyneresources.com.au
www.westgold.com.au

 

Ramelius Resources Makes Welcome Advances for Apollo Consolidated Takeover

THE BOURSE WHISPERER: Ramelius Resources (ASX: RMS) provided Apollo Consolidated (ASX: AOP) shareholders something to blow their morning coffee over by announcing a takeover bid.

Ramelius Resources reported entering into a Bid Implementation Agreement (BIA) with Apollo Consolidated that will result in the former acquiring all issued ordinary shares of the latter by way of an off-market takeover offer.

Under the terms of the offer, Apollo shareholders will receive cash consideration of 34 cents and 0.1375 Ramelius shares for each Apollo share held, valuing each Apollo share at 56 cents that, based on the 3 day volume weighted average price (VWAP) of Ramelius shares up to and including 15 October 2021 of $1.60, implies a total equity value for Apollo of approximately $163 million.

In response, the Apollo Consolidated Board of Directors unanimously recommended that Apollo shareholders accept the Offer, in the absence of a superior offer.

Ramelius’ takeover of Apollo makes sense when one considers Apollo’s primary asset being the 100 per cent-owned Lake Rebecca project in Western Australia, located just outside of Kalgoorlie.

Apollo holds approximately 160 square kilometres of granted tenure within a greenstone belt on the eastern margin of the Norseman-Wiluna Greenstone Belt.

This belt lies at the southern end of the Laverton Tectonic Zone, a regionally important structural corridor that hosts multiple major gold camps.

Apollo has taken Lake Rebecca to an attractive stage, with three main deposits currently defined, Rebecca, Duke and Duchess.

Rebecca hosts the high-grade Jennifer Lode and adjoining mineralised surface.

In April 2021, Apollo announced an updated JORC Mineral Resource Estimate (MRE) for the project of:

29.1 million tonnes at 1.2 grams per tonne gold for 1.1 million ounces of gold, 74 per cent of which is in an Indicated category.

Ramelius owns and operates the Mt Magnet, Edna May, Vivien, Marda, Tampia and Penny gold mines, all in Western Australia.

Ore from the high-grade Vivien underground mine, located near Leinster, is hauled to the Mt Magnet processing plant where it is blended with ore from both underground and open pit sources at Mt Magnet.

The Penny project is currently under development with first ore scheduled for late FY22.

Ramelius sees Lake Rebecca as a highly attractive opportunity to ultimately develop a greenfields mining operation in one of the world’s premier gold mining jurisdictions.

The project’s existing 1.1 million ounce Resource provides a strong platform from which Ramelius can pursue the commercial development of a mining operation which fits its criteria in terms of scale and asset quality.

The Lake Rebecca tenement package offers the potential to continue expanding the existing MRE, with a view to both expanding any future operation or extending mine life.

“Lake Rebecca is an outstanding opportunity for Ramelius to add a key growth asset to its portfolio of producing assets at Mount Magnet and Edna May,” Ramelius Resources managing director Mark Zeptner said in the company’s ASX announcement.

“The Apollo team has done an excellent job advancing Lake Rebecca to its current stage of development and have clearly demonstrated its potential for development into a high-quality gold mine in a tier-one gold mining jurisdiction.

“Subject to the offer being successful, Ramelius is looking forward to ramping up the drilling program across the tenement package to expand the existing resource and ultimately developing Lake Rebecca into a cornerstone producing asset within our portfolio.

“Our strategic target for the project is to identify a pathway to a mine life of 10 years at a run rate of at least 100,000 ounces per annum.

“We also look forward to welcoming Apollo shareholders as Ramelius shareholders and encourage Apollo shareholders to accept the offer as soon as possible.”

“The offer follows a period of significant corporate interest in Apollo and delivers an excellent result for our shareholders who, over the years, have seen Lake Rebecca transition from a greenfield exploration play to its status as a potential future stand-alone, long-life production asset,” Apollo Consolidated managing director Nick Castleden added.

“Ramelius brings excellent credentials in the business of taking new gold projects online and has ample experience, personnel, and funding to take the project forward.

“Lake Rebecca is clearly an excellent fit for Ramelius’ >250,000oz/pa production profile, and the Ramelius shares that Apollo shareholders will receive offer the stability of a multi-project production house while maintaining exposure to the upside as Lake Rebecca progresses along the path to development.

“The offer provides compelling value to shareholders with the circa 60 per cent cash component providing value certainty plus equity in a proven and well respected West Australian gold miner.

“We look forward to joining Ramelius’ existing shareholders to participate in the next stages of the journey.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: reception@rameliusresources.com.au

 

Web: www.rameliusresources.com.au

 

Corazon Mining Exercises Option to Acquire Miriam Nickel Project

THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) was up early this morning exercising its Option to Acquire 100 per cent of the Miriam nickel sulphide project near Coolgardie in Western Australia’s Goldfields.

Corazon Mining took an option to acquire the Miriam project sometime around July, subject to completion of due diligence, which it has now completed and subsequently exercised its option to acquire the project making the agreed Stage 1 consideration payment to the vendors of $125,000.

Corazon considers Miriam a highly prospective nickel exploration project, representing a strategic addition to the company’s portfolio of nickel sulphide assets that includes the Lynn Lake nickel sulphide project in Canada where the company is currently undertaking its next phase of drilling.

The Miriam project comprises five Prospecting Licence applications (P15/6135 to P15/6139 inclusive) and is located approximately 10 kilometres south-southwest of Coolgardie on an ultramafic trend that hosts Auroch Minerals’ (ASX: AOU) Miriam and Nepean nickel deposits.

Having exercised its option to acquire the project, Corazon is now working to secure the granting of the tenement applications before commencing on-ground exploration programs.

This work should culminate in a first phase of drilling, targeting the Miriam nickel deposit, as well as other known nickel occurrences along the Miriam Trend.

Past exploration results, including drilling and geophysics, will be integrated into the company’s drill targeting exercise.

 

 

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Alchemy Resources Wins Kalgoorlie Tenement Raffle

THE BOURSE WHISPERER: Alchemy Resources (ASX: ALY), via its wholly owned subsidiary company Goldtribe Corporation Pty Ltd picked up three new exploration licence applications from a raffle drawn straight out of the hat of the Mining Warden in Kalgoorlie.

Alchemy Resources reported that Goldtribe won three ballots for three key exploration licence applications (E28/3048, E28/3053 and E28/3058).

These tenements form part of Alchemy’s Lake Rebecca project that sits strategically between three major gold deposits and spans 50 strike kilometres covering 562 square kilometres.

The new licences are located just 140km to the east of Kalgoorlie and are contiguous with both Breaker Resources (ASX: BRB) to the south and St Barbara (ASX: SBM) to the north in what Alchemy described as being “a highly strategic geological position along the Claypan shear”.

Most of these applications are close to Northern Star Resources (ASX: NST) Carosue Dam operations and Breaker Resources’ Lake Roe project in an area Alchemy considers highly prospective.

As such, Goldtribe’s applications were competing with multiple applications.

It was decided the best way to determine who got the tenements was to hold a raffle, which resulted in Goldtribe being drawn first in all three ballots conducted by the Kalgoorlie Mining Warden.

The applications will now progress through statutory process with title expected to be granted in early 2022.

“E28/3048, E28/3053 and E28/3058 are strategically located along strike of Breaker Resources’ Lake Roe deposit and build on our footprint of highly prospective tenure which sits along some of the most prolific gold projects in Western Australia,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.

“The new leases cover 50.3 square kilometres of greenstone and intrusive units and have seen limited testing with modern exploration methods.

“We are delighted to have secured this ground and look forward to starting work as soon as the tenements are granted.”

 

 

Email: info@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Encounter Resources Expands BHP Northern Territory Partnership

THE BOURSE WHISPERER: Encounter Resources (ASX: ENR) has expanded its formal Farm-in and Joint Venture Agreement with BHP covering the Elliott copper project in the Northern Territory.

Encounter Resources said the expansion will increase the size of the Elliott farm in from 4,500 square kilometres to 7,200sqkm while the earn-in amount for BHP to earn a 75 per cent interest has been increased from $22 million to $25 million.

Recent datasets provided by the Northern Territory Geological Survey and Geoscience Australia as part of the Exploring for the Future Program, have provided crucial new data to facilitate exploration in what is a covered, highly prospective and underexplored region of Australia.

New datasets released in 2019 and 2020 supported the conceptual and structural targeting model at Elliott where a standout, copper-in-groundwater anomaly (order of magnitude above background) in the extensive sampling program is located.

A joint BHP / Encounter designed validation program at Elliott was completed earlier in 2021, which involved the compilation, interpretation, modeling and integration of new and existing data packages at Elliott including seismic, airborne EM, magnetics, gravity, gechemistry and hydro-geochemistry.

“Irrespective of the pace of global energy transition, new sources of copper supply are required in the medium term,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“Greenfields exploration success of globally significant, new resources at projects like Elliott is vital to meet burgeoning copper demand projections.

“Encounter identified the Greater McArthur Superbasin in the NT as having significant untested potential for the discovery of large sediment-hosted copper deposits under shallow cover and we now control an extensive portfolio in the region.

“Through our portfolio of 100 per cent-owned copper projects, and an expanded partnership with BHP, Encounter provides exceptional leverage to the premium front end of the copper value chain.

“We are delighted to be working with BHP at Elliott and we look forward to providing shareholders with further updates on the groundbreaking search for Tier-1 copper deposits in the NT.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Auroch Minerals to Assess Nepean Pegmatites for Lithium Potential

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has commenced sampling as part of the assessment of the lithium-caesium-tantalum (LCT) mineralisation potential at the company’s 80 per cent-owned Nepean project in Western Australia.

Auroch Minerals had previously identified pegmatite intrusions throughout the project area, including at the historic Nepean nickel mine itself, where multiple pegmatites intruded the mine sequence but were not historically assessed for any economic potential.

The company also identified an abundance of pegmatites via a recently-completed first diamond drill-hole into the Nepean Deeps target, which was designed to test for down-plunge extensions to the high-grade nickel sulphide mineralisation below the historic Nepean mine.

The drill-hole intersected 46 metres of komatiitic ultramafics over three lower intervals, which are considered prospective for nickel sulphide mineralisation.

The hole also intersected approximately 700 metres of pegmatite intrusions, including one 350m thick pegmatite in the hanging-wall below the historic nickel mine workings.

Auroch has now initiated sampling of the pegmatites from the diamond core to be submitted for assaying for lithium-caesium- tantalum (LCT) mineralisation.

“As we announced in February this year, there is significant potential across our tenure at the Nepean project for lithium-caesium-tantalum mineralisation within the many pegmatites identified, particularly in the northern areas where our tenements lie adjacent to known historic mines of lithium and tantalum at the Londonderry Pegmatite deposits,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“Our recently-completed maiden diamond drill-hole into the very promising Nepean Deeps nickel sulphide target has provided us with significant intervals of fresh pegmatite intrusions in drill core, and we have initiated sampling of these zones in order to test for potential LCT mineralisation.

“In parallel, the down-hole geophysical surveys of drill-hole NPDD008 are well underway and we are excited to see what targets they will potentially define to be tested by the ongoing Nepean Deeps diamond drill program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Charger Metals Completes Flyover Investigation at Coates Project

THE CONFERENCE CALLER: Charger Metals recently listed on the ASX targeting battery-component and precious metals.

The company arrived with a portfolio consisting three projects, two in Western Australia and the third in Northern Territory.

The Coates nickel-copper-gold PGE project in WA (Charger 70%-85% interest) is approximately 20 kilometres SE of Chalice Mining’s Julimar nickel-copper-gold-PGE discovery.

Coates has SkyTEM anomalies, some with coincident nickel, copper, gold and PGE geochemistry anomalies that the company has identified as priority targets for further testing.

Charger just announced identification of a cluster of HEM anomalies at the priority Target 1 via a SkyTEM aerial survey.

The survey showed Target 1 consists of a cluster of 19 HEM anomalies that have been interpreted to form several parallel conductors extending over 1500 metres of strike length.

The Target 1 conductors sit immediately adjacent to magnetic features interpreted to be components of the Coates mafic intrusion.

The northern end of Target 1 has a nickel-copper-gold-PGE geochemistry anomaly, while the southern end of the target has previously not been tested.

Some of the other targets are less extensive but are considered good conductors by Charger and will be progressively further tested, including Target T8, which is highly conductive and along strike from the Target T1.

The second WA project, Lake Johnston lithium and gold project (Charger 70%-100%), includes the Medcalf spodumene discovery and much of the Mount Day lithium caesium tantalum (LCT) pegmatite field.

The region has attracted considerable interest for LCT Pegmatite mineralisation due to its proximity to the large Earl Grey lithium deposit (owned by Wesfarmers Limited and SQM of Chile), located approximately 70km west.

In the Northern Territory, the Bynoe lithium and gold project sits within the Litchfield Pegmatite Field.

The area has a history of tin mining and is demonstrably prospective for tantalum and alkali metals including spodumene, which are primarily hosted in LCT pegmatites.

The Bynoe project is surrounded by the extremely large tenement holdings of Core Lithium’s Finnis lithium project that is at a very advanced stage of development having had completed a definitive Feasibility Study in April 2019.

 

Email: info@chargermetals.com.au

 

Web: www.chargermetals.com.au

 

Podium Minerals Holds Rhodium and Iridium Aces at Parks Reef

THE CONFERENCE CALLER: Podium Minerals (ASX: POD) is exploring for platinum group metals, gold and base metals with the aim of developing the company’s 100 per cent-owned Parks Reef PGM project located within its mining leases in the Mid-West Region of Western Australia.

Podium Minerals recently completed drilling that led to the upgrading of the Resources at Parks Reef with contained metals increasing to a total of 2.2 million ounces of combined platinum, palladium and gold plus base metal credits with 79,000 tonnes copper.

The total Minerals Resources extend over approximately 15 kilometres of strike of Parks Reef and have now been defined to a depth of 100 metres below surface based on an assumption of bulk open-pit mining with PGM mineralisation open at depth.

The Resources include a high value Upper PGM Horizon of: 9.2 million tonnes at 2 grams per tonne 3E PGM and 0.17 per cent copper.

3E PGM refers to platinum plus palladium plus gold expressed in units of grams per tonne.

“The latest round of drilling included for the first time, significant drilling below 100 metres in the western sector and results to date have reinforced the sheer consistency and continuity of the Parks Reef PGM-gold-copper mineralisation,” Podium Minerals executive chairman Clayton Dodd said.

“In addition, it has also re-affirmed that high-grade primary PGM mineralisation is not uncommon within Parks Reef.

“Results from recent drill programs have refocussed Podium attention to high-grade zones along the Parks Reef strike.

“Understanding the controls and distribution of these reported high grade mineralised zones will be our priority with further follow-up drilling.”

The resource estimate did not, however, include the high value platinum group elements rhodium and iridium which occur throughout Parks Reef the company had previously reported.

In its June Quarterly report, Podium reported results that included rhodium and iridium hots of:

PRRC135
7m at 5.75 grams per tonne 3E PGM, 0.32g/t rhodium and 0.14g/t iridium from 89m, including 3m at 10.83g/t 3E PGM, 0.65g/t rhodium and 0.29g/t iridium from 89m, including 1m at 25.74g/t 3E PGM, 1.35g/t rhodium and 0.7g/t iridium from 91m; plus
11m at 1.25g/t 3E PGM, 0.08g/t rhodium and 0.03g/t iridium from 100m.

PRRC103
6m at 3.75g/t 3E PGM, 0.15g/t rhodium and 0.07g/t iridium from 142m, including 1m at 15.29g/t 3E PGM, 0.4g/t rhodium and 0.2g/t iridium from 142m.

Rhodium is regarded as the best catalyst for the aftertreatment of gasoline nitrogen oxides (NOx) emissions.

Iridium has an extremely high melting point and is the most corrosion resistant metal known.

It is commonly used as a hardening agent together with other PGM’s in particular, platinum.

While Podium has previously assayed selected holes for rhodium and iridium, there is currently insufficient drill data to include these platinum group elements into the Mineral Resources.

Podium plans to routinely assay for rhodium and iridium once the company moves to in-fill drilling for indicated resources.

It is expected that this will allow rhodium and iridium to be included within the Parks Reef Mineral Resources.

 

Email: info@podiumminerals.com

 

Web: www.podiumminerals.com

 

OZZ Resources Sets Early Running at Maguires Gold Project

THE CONFERENCE CALLER: OZZ Resources (ASX: OZZ) is shiney and new to the ASX, having just listed in July this year, bringing with it the intention of conducting an aggressive exploration program across its portfolio of projects.

The company is on the ground in the Central Murchison Region of Western Australia at the Maguires gold project.

Maguires includes three advanced prospects defined by previous drilling, with high-grade shoots contained in two shear zones.

OZZ recently completed a maiden 4,300m Reverse Circulation drilling program at Maguires, consisting of a 45-hole program targeting the Old Prospect, results from which determined two zones of mineralisation (Old Prospect North and South) which remain open along strike and at depth.

Best intercepts, included:

21MRRC003
14 metres at 2.66 grams per tonne gold from 45m;

21MRRC011
6m at 3.23g/t gold from 31m and 7m at 9.1g/t gold from 81m;

21MRRC032
7m at 4.5g/t gold from 46m;

21MRRC016
4m at 4.48g/t gold from 16m; and

21MRRC039
10m at 2.48g/t gold from 100m.

OZZ is now reviewing the results from the program, however given the encouraging results achieved the company considers there to be potential to extend the mineralisation in all directions, thus Stage 2 drilling will be planned.

The two known mineralized zones are approximately 200m apart and, within this untested gap zone, OZZ is looking for potential to identify additional mineralised shoots.

The only drilling to date in this zone is historic shallow RAB drilling.

“We are delighted with the success of our first drilling campaign, which marks a very bright start to our journey as a listed gold explorer,” OZZ Resources managing director Jonathan Lea said when reporting the results.

“The drilling was focused in and around the Old Prospect, which was last drilled by BHP and others in the 1980s and 1990s.

“The results have met or exceeded our expectations, returning some broad zones of strong, high-grade gold mineralisation including several standout intercepts such as 7m at 9.1g/t and 7m at 4.5g/t.

“Importantly, the mineralized intervals show correlation with the historic drilling, giving additional confidence that OZZ can advance rapidly towards resource definition following further drilling.

“The high-grade shoots represent a very attractive target for future drilling.

“In light of the success of this campaign, we are actively planning follow-up drilling to expand and increase the defined extent of the mineralisation at Maguires.

‘This next phase of work will also involve testing a parallel structure to the west which has had virtually no RC drilling.

“The data from that additional drilling should allow the calculation a maiden JORC Mineral Resource for Maguires, which could well become a strategic asset for the company given its location in the heart of a prolific mining district.”

 

Email: admin@ozzresources.com.au

 

Web: www.ozzresources.com.au

 

Tietto Metals Making Steady Progress on Abujar Gold Project

THE CONFERENCE CALLER: Tietto Metals (ASX: TIE) listed on the ASX in January 2018 with its eyes firmly on development of the Abujar gold project in Côte d’Ivoire, West Africa.

The Abujar gold project comprises three contiguous exploration tenements, Middle, South and North, covering a total land area of 1,114 square kilometres, of which less than 10 per cent has been explored.

Tietto wasted little time, hitting project with an aggressive.drill campaign that quickly grew gold Resources at Abujar to 87.5 million tonnes at 1.2 grams per tonne gold for 3.35 million ounces.

These included mineral resources for the AG deposit of 50.3 million tonnes at 1.5g/t gold for 2.45 million ounces; and

Mineral Resources for the APG deposit of 36.7 million tonnes at 0.7g/t gold for 0.87 million ounces.

These results increased indicated Resources by 49 per cent, taking them to 43.4 million tonnes at 1.3g/t gold for 1.85 million ounces of contained gold, representing more than 55 per cent of the current project ounces.

Tietto recently announced results of a Definitive Feasibility Study for the Abujar gold project, based on an open-pit 4 million tonnes per annum operation.

Highlights from the DFS included:

260,000 ounces of gold forecast in first year of production (30% increase over the PFS) at an AISC of US$651 per ounce;

2 million ounces of gold production forecast over first six years for 200,000 ounces per annum (20% increase over the PFS) at an average AISC of US$804/oz;

Updated Open Pit Probable Ore Reserves have grown to 34.4Mt at 1.3 g/t Au for 1.45Moz using US$1,407/oz (68% increase over the PFS and 78% of Indicated Mineral Resources); and

Life of Mine (LOM) mining inventory inclusive of Ore Reserves of 44.9 million tonnes at 1.2g/t gold for 1.7 million ounces gold recovered (54% increase over the PFS) for a strip ratio of 6:1 w:o;

Payback period post-tax of less than one year from first production.

“Our recent update to the Abujar Resource Model has allowed Tietto to deliver a DFS that confirms Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire,” Tietto Metals managing director Dr Caigen Wang said on release of the DFS results.

“The DFS metrics are clearly compelling – all PFS measures have materially improved, from production to finance.

“Gold production in particular is positioning Abujar as a Tier 1 gold mine.

“We are confident the Abujar gold project will continue to enjoy growth in both Resources and Reserve and hence LOM production increases into next year through our continued large-scale drilling program.

“We are focused on advancing the Abujar gold project towards becoming West Africa’s next gold mine.”

Latest drilling at the AG deposit returned favourable results, including:

ZDD665 – Section 24A
22 metres at 5.62 grams per tonne gold from 97m, including 5m at 17.87g/t gold
2m at 59.77 g/t gold from 54m

ZDD685 – Section25A
6m at 17.01g/t gold from 61m, including 2m at 50.35g/t gold

ZDD671A – Section 24A
14m at 2.87g/t gold from 136m, including 4m at 9.19g/t gold

“Our third batch of results from our infill drilling program at Abujar is delivering up more high-grade gold intercepts that continue to de-risk open pit mining at Abujar,” Wang, said.

“The infill program is designed to convert Indicated Resources to Measured Resources, which are scheduled to be mined within the first two years of production.

“These impressive results follow hard on the heels of our DFS…that confirmed Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire with more than 260,000 ounces of gold expected to be produced in the first year and 1.2 million ounces of gold in the first six years.”

 

Email: admin@tietto.com

 

Web: www.tietto.com