Discovered in 2022, the Assafou deposit on the Tanda Iguela property in Côte d’Ivoire is one of the most significant discoveries made in West Africa over the past decade and has the potential to be another flagship asset for Endeavour.

Thanks to our aggressive exploration efforts, we made substantial progress in 2024 and completed a positive Pre-Feasibility Study (PFS) for the Assafou project. The PFS results meet our strategic targets and confirm the project's potential to be a tier 1 asset, which has justified the launch of the Definitive Feasibility Study.

Assafou PFS Results Press Release

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Timeline

Late 2015

Permit introduced to Endeavour’s portfolio

Early 2016

Initial small drilling campaign conducted

May 2017

Awarded Iguela permit

2018-2019

Initial geochemical campaign

2022

Major maiden resource discovery

2023

Increased indicated resources by 303% to 4.5Moz

2024

PFS results released

Our history

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15 year 

mine life on maiden reserve of 4.1Moz

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329kozpa

production at AISC of $892/oz over first 10 years

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Early 2026

Definitive Feasibility Study results expected

The Assafou project

PFS HIGHLIGHTS

Ownership

100%

Life of mine

14.5 years

Mining method

Open pit

Plant type

5.0Mtpa Gravity/ CIL Plant

Maiden reserves

72.8Mt at 1.76 g/t Au for 4.1Moz

Based on a reserves gold price of $1,500/oz

Indicated resources

73.6Mt at 1.95g/t Au for 4.6Moz 

Based on a resource gold price of $1,900/oz

(as at June 2024)

Production (first 10 years)

329 kozpa

AISC (first 10 years)

$892/oz

Based on a gold price of $2,000/oz

Location

Portfolio map
Ity mine
Houndé mine
Mana mine
Sabodala-Massawa mine
Lafigué mine
Assafou project
Kalana project
Houndé exploration
Ity exploration
Mana exploration
Sabodala-Massawa exploration
Lafigué exploration
Siguiri exploration
Assafou exploration
Regional office
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Côte d'Ivoire
Ity mine
The Ity mine is one of Endeavour’s cornerstone assets, where the goal is to sustain production above 250koz/year over a +10-year life of mine at an industry-leading AISC.
Ity mine
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Burkina Faso
Houndé mine
The Houndé mine is one of Endeavour’s cornerstone assets, where the goal is to sustain production above 250koz/year over a +10-year life of mine at an industry leading AISC.
Houndé mine
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Burkina Faso
Mana mine
The focus at Mana is to increase the mine life to more than 10 years, through the expansion of the underground deposits and evaluating local open pit targets.
Mana mine
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Senegal
Sabodala-Massawa mine
The Sabodala-Massawa mine is one of Endeavour’s cornerstone assets and recently underwent an expansion which will elevate it to top-tier status with a targeted production of above 400koz/year at an industry leading AISC.
Sabodala-Massawa mine
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Côte d'Ivoire
Lafigué mine
The Lafigué mine poured first gold at the end of Q2 2024 and is Endeavour’s newest cornerstone mine. The goal at Lafigué is to produce over 200koz per year at an industry leading all-in sustaining cost of approximately $900/oz for at least 13 years.
Lafigué mine
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Côte d'Ivoire
Assafou project
The Assafou project is located in the east of Côte d’Ivoire, adjacent to the Ghana border.
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Mali
Kalana project
The Kalana project, acquired in 2017, is located approximately 250 km south of Bamako, the capital city of Mali. A positive pre-feasibility study (“PFS”) was published in February 2021.
Kalana
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Burkina Faso
Houndé exploration
The Houndé Mine looks to meet the target of discovering 3.0 to 4.0 million ounces of Indicated resources over the next five years at a discovery cost of less than $19/oz.
Houndé mine
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Côte d'Ivoire
Ity exploration
Endeavour has established a five year discovery target of 3.5 – 4.5 million ounces of Indicated resources at a discovery cost of less than $17/oz at Ity.
Ity mine
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Burkina Faso
Mana exploration
The primary objective is to increase the mine life to 10 years, and Endeavour sees considerable additional opportunity remaining with the five year discovery target for Mana now set for 1.0 to 1.5 million ounces of Indicated resources at a discovery cost of less than US$30/oz.
Mana mine
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Senegal
Sabodala-Massawa exploration
Endeavour has established a target to discover between 2.3 and 2.7 million ounces of Indicated resources at a discovery cost of less than $26/oz over the next five years.
Sabodala-Massawa mine
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Côte d'Ivoire
Lafigué exploration
Lafigué is a greenfield discovery where over 3Moz of M&I resources have been discovered since Endeavour commenced drilling on the asset in 2018. Given the strong exploration potential, Endeavour is targeting the discovery of 1.2 – 1.8Moz of Indicated resources over the 2021 and 2025 period.
Lafigué mine
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Guinea
Siguiri exploration
The Siguiri exploration licenses are located in northwest Guinea, located next door to AngloGold’s Siguiri Mine.
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Côte d'Ivoire
Assafou exploration
Exploration continues at the Assafou deposit and other targets on the Tanda Iguela property
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Côte d'Ivoire
Regional office
Our regional hub for the company is located in the port city of Abidjan. Route du Lycée Technique, Abidjan, Côte d'Ivoire, 08 BP 872

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