The Kalana project, acquired in 2017, is located approximately 250 km south of Bamako, the capital city of Mali.
The Kalana project has underground and historic open pit mine workings, a gravity processing plant, offices, stores and accommodation adjacent to Kalana town.
A positive pre-feasibility study (“PFS”) was published in February 2021.
PFS highlights
11-year
mine life based on current reserves of 1.8 Moz
$901/oz
Average annual production of 150 koz at AISC of $901/oz
$331 million
Robust economics with after-tax NPV5% of $331 million with IRR of 49% based on a $1,500/oz gold price
The Kalana project
Key facts
Ownership
80% EDV, 20% government of Mali
Mining method
Open pit
Resource
2.32 Moz M&I resources as at 31 December 2022
Reserve
1.83 Moz P&P reserves as at 31 December 2022
Location
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.
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.
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.
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 300koz/year at an industry leading AISC.
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.
Côte d'Ivoire
Assafou project
In 2024, Endeavour announced the 4.1Moz maiden reserve at the Assafou project, representing a 90% resource to reserve conversion.
Mali
Kalana project
The Kalana project is located approximately 250 km south of Bamako, the capital city of Mali.
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.
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.
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.
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.
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.
Guinea
Siguiri exploration
The Siguiri exploration licenses are located in northwest Guinea, located next door to AngloGold’s Siguiri Mine.
Côte d'Ivoire
Assafou exploration
Exploration continues at the Assafou deposit and other targets on the Tanda Iguela property
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
| On a 100% basis. Resources shown inclusive of reserves |
Tonnage (Mt) |
Grade (Au g/t) |
Content (Au koz) |
|---|---|---|---|
| Proven reserves | – | – | – |
| Probable reserves | 35.6 | 1.60 | 1,829 |
| P&P reserves | 35.6 | 1.60 | 1,829 |
| Measured resource | – | – | – |
| Indicated resources | 46.0 | 1.57 | 2,318 |
| M&I resources | 46.0 | 1.57 | 2,318 |
| Inferred resources | 4.6 | 1.67 | 245 |
Current at 31 December 2024