Operations

TABAKOTO GOLD MINE, MALI

Tabakoto mine page.jpg

Tabakoto underwent a complete asset turn-around after Endeavour acquired it in 2012. The Tabakoto and Segala open pit mines were converted into underground mines, the Kofi C open pit mine was commissioned and commenced production in Q1 2015, and in 2013, the mill’s capacity was expanded from 2,000 tpd to 4,000 tpd.

As a result, Tabakoto production increased 19% in 2015 compared to 2014. Endeavour continues to focus on optimizing operations and reducing costs.


Overview

Ownership

  • Endeavour ownership ranging from 80% to 90% depending on pits, remainder government of Mali

Location

  • 360 km west of Bamako in southwestern Mali, near Senegal border

Mine Attributes

  • Mining Method - Underground and open pit mining : Tabakoto (UG), Segala (UG) & Kofi C (OP)
  • Processing - 1.4 Mtpa Gravity/CIL Plan
  • Expected Mine Life - 4+ years from current Reserves

Reserves and Resources

  • P+P Reserves - 6.4Mt @ 3.5 g/t for 0.7Mo
  • M+I Resources (incl. of Reserves) - 18.5Mt @ 3.1 g/t for 1.8Moz
  • Inferred Resources - 9.0Mt @ 3.6 g/t for 1.0Moz


Key facts

tabakoto kf v5.png

Exploration Potential

Tabakoto is situated in a prolific area, on the same trend as Randgold’s Loulo property, which hosts more than11 Moz. After significantly optimizing and improving the operation, exploration will become a greater focus at Tabakoto, with the objective of replacing production depleton and extending mine life at high-grade underground mines Tabakoto and Segala.

In 2016, the exploration program will focus on delineating additional underground resources and resource-to-reserve conversion. Exploration is expected to test the potential extension of the Kofi B deposit and to generate new open pit targets on the Kofi trend, which lies immediately north of Randgold’s Loulo property.

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