TIE 0.00% 67.5¢ tietto minerals limited

First year production question, page-9

  1. 322 Posts.
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    I think the guys will pour first gold in December , but likely just a token amount. It can be taken as proof of concept, and to release an announcement to the market.

    The schedule is really too tight for much else.

    Similarly, I suspect Q1 2023, will be well below the 260,000 0z/annum rate .

    Normally it would take a month or so to build gold inventory on carbon, and normally you would commission the plant on lower grade ore , whilst you are getting all process parameters correct.

    Of course , they may feed high grade material, but unlikely. Too much risk of low recovery

    By Q2 2023 they should be at nameplate production, barring unforeseen issues. Hopefully , even above.
    And I would be unconcerned by that schedule , its the normal ramp up.

 
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