Endeavour Achieves First Gold Pour at Sabodala-Massawa Expansion - Seite 2

Since the start of wet commissioning on 27 February 2024, approximately 50,000 tonnes of ore have been processed through the BIOX Expansion, with the processing plant operating in line with expectations. The first gold pour from the gravity circuit was completed on 18 April 2024 and yielded approximately 112 ounces of gold, the first gold pour from the BIOX circuit was completed on 28 April 2024 and yielded approximately 612 ounces. The BIOX Expansion is expected to achieve commercial production in late Q2-2024 and ramp up to its stable nameplate capacity of 1.2Mtpa, in Q3-2024.

Figure 1: First gold pour from the BIOX circuit pictured at the Sabodala-Massawa BIOX Expansion project

Please refer to Figure in the attached press release.

Figure 2: Lawrence Manjengwa, Vice President and Head of Operations at Sabodala-Massawa, pictured with the first gold bar from the BIOX circuit at the Sabodala-Massawa BIOX Expansion

Please refer to Figure in the attached press release.

SABODALA-MASSAWA EXPLORATION PROGRAMME

At Sabodala-Massawa, 2.3 – 2.7Moz of Indicated resources discoveries are being targeted over the 2021 to 2025 period, of which 1.0Moz has already been discovered. This year an aggressive $21.0 million exploration program, totalling approximately 126,000 meters of drilling, has been planned with the aim of converting existing resources into reserves and delineating additional refractory and non-refractory resources across the Sabodala and Massawa mining permits, in addition to the recently acquired Niamaya exploration permit to the northeast of Sabodala-Massawa complex. The Niamaya permit is located within close proximity to the processing plant and increases the size of the Sabodala-Massawa exploration package by 43km² to 1,272 km².

Figure 3: Sabodala-Massawa Exploration Map

 Please refer to Figure in the attached press release.

The exploration program will focus on converting existing resources to reserves, principally at the Delya, Samina, Tina, Kerekounda and Golouma deposits that are in close proximity to the Sabodala-Massawa processing plant.

The exploration program will also target additional non-refractory oxide resources at the Niakafiri, Kerekounda, Golouma, Kiesta and Delya deposits. At the Niakafiri, Kerekounda and Golouma deposits, within 10 kilometres of the Sabodala-Massawa processing plant, drilling will focus will on extending mineralisation along the Niakafiri and Kerekounda mineralised trends. At the Kiesta and Delya deposits, drilling will focus on expanding the existing resources along strike and at depth.