Table 1 - Mineral Reserves as of 31 December 2012
| Deposit |
Reserves |
| Proven |
Probable |
Proven & Probable |
|
| Tonnes |
Grade |
Ounces |
Tonnes |
Grade |
Ounces |
Tonnes |
Grade |
Ounces |
Gold Price |
| kt |
g/t |
k Ozs |
kt |
g/t |
k Ozs |
kt |
g/t |
k Ozs |
US$ / Oz |
| Nzema1 - Total |
10,273 |
1.8 |
604 |
2,756 |
2.2 |
193 |
13,029 |
1.9 |
797 |
US$ 1350 |
| Attributable - 90% |
|
|
544 |
|
|
174 |
|
|
717 |
|
| Youga2,3 - Total |
3,984 |
1.9 |
242 |
2,380 |
1.8 |
139 |
6,364 |
1.9 |
380 |
US$ 1350 |
| Attributable - 90% |
|
|
218 |
|
|
125 |
|
|
342 |
|
| Agbaou5 - Total |
5,407 |
2.3 |
390 |
5,668 |
2.8 |
515 |
11,075 |
2.5 |
905 |
US$1200 |
| Attributable - 85% |
|
|
332 |
|
|
438 |
|
|
769 |
|
| Finkolo6 - Total |
1,037 |
3.3 |
109 |
1,381 |
2.9 |
127 |
2,418 |
3.0 |
237 |
US$900 |
| Attributable - 40% |
|
|
44 |
|
|
51 |
|
|
95 |
|
| Tabakoto U/G7 - Total |
567 |
4.2 |
77 |
3,469 |
4.7 |
521 |
4,036 |
4.6 |
598 |
US$ 1350 |
| Attributable - 80% |
|
|
61 |
|
|
417 |
|
|
478 |
|
| Tabakoto O/P8- Total |
|
|
|
1,050 |
2.9 |
98 |
1,050 |
2.9 |
98 |
US$ 1350 |
| Attributable - 80% |
|
|
|
|
|
79 |
|
|
79 |
|
| Tabakoto Stockpile8a - Total |
143 |
3.4 |
16 |
|
|
|
143 |
3.4 |
16 |
US$ 1350 |
| Attributable - 80% |
|
|
12 |
|
|
|
|
|
12 |
|
| Total |
|
|
1,438 |
|
|
1,593 |
|
|
3,031 |
|
| Total Attributable |
|
|
1,211 |
|
|
1,284 |
|
|
2,492 |
|
Totals may not add due to rounding.
Table 2 - Mineral Resources including reserves, at a 0.5g/t cut-off as of 31 December 2012
| Project |
Resources (including reserves) |
| Measured |
Indicated |
Measured & Indicated |
Inferred |
Lower Cutoff |
| Tonnes |
Grade |
Ounces |
Tonnes |
Grade |
Ounces |
Tonnes |
Grade |
Ounces |
Tonnes |
Grade |
Ounces |
| kt |
Au g/t |
|
kt |
Au g/t |
|
kt |
Au g/t |
|
kt |
Au g/t |
|
| Nzema1 - Total |
30,277 |
1.4 |
1,330 |
14,519 |
1.3 |
614 |
44,796 |
1.3 |
1,943 |
10,503 |
1.2 |
421 |
0.5 g/t |
| Attributable - 90% |
|
|
1,197 |
|
|
552 |
|
|
1,749 |
|
|
379 |
|
| Youga2,3 - Total |
7,733 |
1.5 |
366 |
7,031 |
1.4 |
326 |
14,764 |
1.5 |
692 |
1,462 |
1.2 |
57 |
0.5 g/t |
| Attributable - 90% |
|
|
329 |
|
|
294 |
|
|
623 |
|
|
52 |
|
| Ouaré4- Total |
1,072 |
1.1 |
39 |
5,368 |
1.6 |
268 |
6,440 |
1.5 |
308 |
571 |
1.5 |
27 |
0.5 g/t |
| Attributable - 90% |
|
|
35 |
|
|
241 |
|
|
277 |
|
|
25 |
|
| Agbaou5- Total |
6,262 |
2.2 |
438 |
8,708 |
2.6 |
719 |
14,970 |
2.4 |
1,157 |
1,473 |
1.5 |
73 |
0.5 g/t |
| Attributable - 85% |
|
|
372 |
|
|
611 |
|
|
983 |
|
|
62 |
|
| Finkolo6 - Total |
3,290 |
2.3 |
242 |
6,820 |
2.0 |
445 |
10,110 |
2.1 |
687 |
6,730 |
1.4 |
301 |
0.5 g/t |
| Attributable - 40% |
|
|
97 |
|
|
178 |
|
|
275 |
|
|
120 |
|
| Tabakoto U/G7 - Total |
743 |
6.0 |
142 |
4,317 |
5.6 |
783 |
5,060 |
5.7 |
926 |
5,619 |
4.7 |
843 |
2 g/t |
| Attributable - 80% |
|
|
114 |
|
|
627 |
|
|
741 |
|
|
674 |
|
| Tabakoto O/P8- Total |
21 |
4.6 |
3 |
1,485 |
3.1 |
148 |
1,506 |
3.1 |
151 |
1,446 |
2.7 |
123 |
1 g/t |
| Attributable - 80% |
|
|
2 |
|
|
119 |
|
|
121 |
|
|
99 |
|
| Kofi9- Total |
|
|
|
6,901 |
2.3 |
500 |
6,901 |
2.3 |
500 |
12,355 |
1.8 |
702 |
0.5 g/t |
| Attributable - 75% |
|
|
|
|
|
375 |
|
|
375 |
|
|
527 |
|
| Houndé10- Total |
|
|
|
21,958 |
2.0 |
1,432 |
21,958 |
2.0 |
1,432 |
11,386 |
2.0 |
740 |
0.5 g/t |
| Attributable - 90% |
|
|
|
|
|
1,289 |
|
|
1,289 |
|
|
666 |
|
| Total |
|
|
2,560 |
|
|
5,235 |
|
|
7,796 |
|
|
3,287 |
|
| Total Attributable |
|
|
2,146 |
|
|
4,286 |
|
|
6,433 |
|
|
2,604 |
|
Totals may not add due to rounding.
1 Nzema Mine "Technical Report and Mineral Resource and Reserve Update for the Nzema Gold Mine, Ghana, West Africa" effective December 31, 2012. Prepared by N. Johnson MAIG (MPR Geological Consultants), Q. de Klerk FAusIMM (CP) (Cube Consulting), W. Yeo MAIG and A. Roux SACNASP (Endeavour).
2 Youga Mine - Main, East and West Pits "Technical Report and Update of Mineral Resources and Mineral Reserves for the Youga Gold Mine, Burkina Faso, West Africa" effective December 31, 2011 and updated to December 31, 2012 through depletion of Internal Resource and Reserve Estimates prepared internally under supervision of K. Woodman (Endeavour) for resources and A. de Freitas (Endeavour) for reserves.
3 Youga Mine -- Zergoré, NTV and A2NE deposits, Internal Resource Estimates prepared by AMEC under supervision of K. Woodman (Endeavour). Internal Reserve Estimates prepared by Kwadwo Opoku Ansah, reviewed by SEMS under supervision of A. de Freitas (Endeavour).
4 Ouaré Deposit - Resource Estimate 2012, project 171880, dated December 31, 2012, Prepared by AMEC under supervision of K. Woodman (Endeavour).
5 "Agbaou Gold Mine, Côte d'Ivoire, NI 43-101 Technical Report" effective May 25, 2012. Prepared by Mark Wanless Pr.Sci.Nat, Hendrik Theart Pr.Sci.Nat, and Mark Sturgeon Pr.Eng (SRK Consulting, South Africa), Neil Senior FSAIMM (SENET, South Africa) and Duncan Grant-Stuart Pr.Eng, Angus Rowland Pr.Sci.Nat (Knight Piésold, South Africa).
6 "Tabakoroni Feasibility Study Report, Tabakoroni Gold Deposit, Mali, West Africa" effective June 10, 2010. Prepared by S. Stein and K. Woodman (Endeavour).
7,8 Tabakoto Mine "Mineral Resource Summary Report" effective December 31, 2012. Internal Resources Estimate prepared by Kevin Harris, under supervision of Richard Allan (Endeavour).
7 Tabakoto Mine "Internal Underground Reserves Estimate, Tabakoto and Segala Underground Reserves" effective December 31, 2012. Prepared by Exupery Lyimo under supervision of Richard Allan (Endeavour).
8 Tabakoto Mine "Internal Open Ppit and Stockpiles Reserve Estimate, Djambaye & Darsalam Open Pit Reserves" effective December 31, 2012. Prepared by Patrick Mkonyi under supervision of Richard Allan (Endeavour).
9 Kofi "Technical Report and Update Resource Estimate on the Kofi Project, Mali, Africa" effective December 21, 2011.
Prepared by P&E Mining Consultants Inc, Reports 235.
10 Houndé "Technical Report and Preliminary Economic Assessment of the Houndé Gold Project, Burkina Faso, West Africa" effective December 31, 2012. Prepared by SRK Consulting (Canada) Inc.
