Tietto minerals

What Tietto minerals does

Tietto Minerals Ltd is an Australian-listed gold producer (ASX: TIE) that owns and operates the Abujar Gold Project in central western Côte d'Ivoire, approximately 30km from the regional city of Daloa. The company holds an 88% interest in the Abujar Mining Licence, which carries estimated Mineral Resources of 3.83Moz gold and supports a current mine life of 11 years, with the Definitive Feasibility Study projecting 200,000 ounces of gold production in the first year and a 1.2Moz total life-of-mine haul. Tietto achieved first gold pour in January 2023 and was added to the S&P/ASX 300 Index in March 2023, marking its transition from explorer to producer.

The company's core product is unhedged gold sold as a commodity, distributed directly to refiners and traders in the global gold market at spot prices, giving Tietto full exposure to gold price movements. Underlying operations rely on conventional open-pit gold mining and processing infrastructure at Abujar, with engineering delivered through partnerships including Primero Group. The company also holds the APG deposit, located 7km from Abujar, where it is investigating the viability of a second mine via infill drilling and heap leach studies.

Tietto's go-to-market is a commodity sales model with revenue generated from gold sales at prevailing market prices. The company has financed development through multiple capital raisings on the ASX — approximately A$62.5M in August 2020, A$85M in January 2022, A$130M in April 2022, and A$49.3M in September 2022 — with significant shareholder Chifeng and strategic investor Zhaojin Mining among participants. Following first gold production, leadership transitioned in May 2023 with Matt Wilcox promoted to MD/CEO, succeeding founder Dr Caigen Wang.

Name

Tietto minerals

Legal name

Tietto Minerals Ltd

Website

https://tietto.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Tietto Minerals is an Australian-listed (ASX: TIE) gold producer operating the Abujar Gold Mine in Côte d'Ivoire, with 3.83Moz of estimated Mineral Resources, an 11-year mine life, and unhedged gold sales to global refiners and traders.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold mining
• Gold production
• Mineral exploration
• Commodity gold sales
• Open-pit mining

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Gold Production and Sales: Tietto Minerals generates revenue through gold production and sales from its Abujar Gold Project. Abujar gold production is unhedged, meaning the company sells gold directly at market prices without hedging contracts. This allows the company to benefit fully from gold price movements. The company achieved first gold production in January 2023, marking the transition from explorer to producer.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Tietto Minerals is a gold producer that develops and operates gold mining projects, primarily the Abujar Gold Project in Côte d'Ivoire. The company extracts and sells unhedged gold from open-pit operations, and generates revenue from direct sales to gold refiners and traders in the global commodity market.

Product overview

Tietto Minerals is a gold mining company with a single core product operation (Abujar Gold Mine) and one exploration-stage project (APG Deposit). The company operates as a producer with unhedged gold output from its Abujar mine in Côte d'Ivoire. The Abujar operation is the primary producing asset with an 11-year mine life and 3.83Moz mineral resources, while the APG deposit 7km away represents potential for a second gold mine. The company listed on the ASX in 2018 and achieved first gold production in January 2023.

Differentiator

Problem solved

Functional benefit

Products and services

• Abujar Gold Mine Flagship producing gold mine located approximately 30km from Daloa in central western Côte d'Ivoire. Open-pit gold operation with 11-year mine life, estimated Mineral Resources of 3.83Moz gold, unhedged production, and proximity to regional infrastructure including a tarred road and grid power within 15km.
• APG Gold Deposit Exploration-stage gold deposit located 7km from the Abujar operations, subject to extensive infill drilling with multiple high-grade gold intercepts. Tietto is investigating the viability of developing a second gold mine at this deposit.

Quantifiable outcome

• 3.83Moz estimated mineral resources of gold
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Primero GroupmajorImplementation/ SI/ Consulting Partner · 3 May 2021Primero Group was awarded the engineering design work contract for the Abujar gold mine plant. This is a key engineering and design partnership for the construction of the gold processing facility.

Scale indicators10 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Perseus Mining: ASX-listed mid-tier gold producer with multiple operating mines in West Africa (Edikan in Ghana, Sissingué and Yaouré in Côte d'Ivoire). Directly comparable to Tietto as a fellow West African, ASX-listed gold producer operating in similar Côte d'Ivoire terrain.
• Allied Gold: West African-focused gold producer with operating mines in Mali and Côte d'Ivoire. Comparable as a regionally concentrated gold producer of similar scale to Tietto with assets in the same jurisdictions.
• Resolute Mining: ASX-listed gold producer with the Syama mine in Mali and Mako mine in Senegal. Directly comparable as an ASX-listed West African-focused gold producer with multiple operating assets in the region.
• West African Resources: ASX-listed gold producer focused on the Sanbrado and Kiaka mines in Burkina Faso. Comparable to Tietto as a West African-focused, ASX-listed single-region gold producer of similar scale.

Broad incumbents

• IAMGOLD: Mid-tier gold producer with significant West African assets including Essakane (Burkina Faso) and joint ventures in Côte d'Ivoire. Operates in the same region as Tietto with broader geographic diversification.
• Newmont Corporation: World's largest gold producer with operations across multiple continents including West Africa (Ahafo and Akyem in Ghana). Operates in the same broader region and competes in gold markets globally.
• Endeavour Mining: One of West Africa's largest gold producers with multiple mines across Côte d'Ivoire, Burkina Faso, and Senegal. Larger and more diversified than Tietto but operates the same region and produces gold as a commodity.
• Barrick Gold: One of the world's largest gold producers with significant West African operations including Loulo-Gounkoto in Mali and Tongon in Côte d'Ivoire. Operates in the same region as Tietto and competes for exploration tenements.

Emerging players

• Ora Gold (formerly Cape Lambert Resources): ASX-listed mineral exploration and development company with gold projects in West Africa. Comparable as an emerging West African-focused gold company listed on the ASX, though smaller and earlier-stage than Tietto.

Regional players

• Aya Gold & Silver: TSX-listed gold and silver producer with the Zgounder mine in Morocco. While Morocco is North Africa rather than West Africa, comparable as a smaller regional gold producer with growing production profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tietto-minerals-ltd
• Xx.com/TiettoMinerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tietto minerals