Kalana Project

Kalana is a high-quality project with current reserves of 2.0 million ounces within a single open pit. The present feasibility study, prepared by Avnel, anticipates a 1.2Mtpa CIL plant, producing an average of 101koz per year at an AISC of $730/oz over an 18-year mine life. Endeavour expects to take advantage of its construction expertise, operating synergies and exploration experience to re-design and optimize the current feasibility study by the end of 2018. With an expanded plant capacity, Endeavour believes that Kalana has the potential to increase its annual production profile to more than 150,000 ounces per year and become another high-quality asset within Endeavour’s portfolio. Construction is expected to begin in mid-2019 following the completion of the Ity CIL project.



    • 80% EDV, 20% government of Mali


    • 270 km South of Bamako, the capital city of Mali

    Project Attributes

    • Mining Method: Open Pit
    • Processing: 1.2Mtpa
    • Expected Mine Life: 18 years
    • Upfront Capital: US$196m
    • After-Tax Project NPV (5%): $321m @ $1,200/oz gold price
    • After-Tax Project IRR: 50% @ $1,200/oz gold price

    Key Data

    LOMP Summary

    Total ore processed, Mt 22
    Gold Grade (g/t) 2.80
    Contained gold, koz 1,964
    Recovery rate, % 93%
    Production, koz 1,821
    Mine life, years 18
    Average annual gold production, koz 101
    Cash costs, $/oz 592
    AISC, $/oz 730
    After-tax Project NPV 5%, $m 321
    After-tax Project IRR, % 50%
    Payback, years 1.1

    Technical Reports

    Download year list
    Date Download Description

    Reserves and Resources

    On a 100% basis. Resources shown inclusive of Reserves. Tonnage
    (Au g/t)
    (Au koz)
    Proven Reserves 5.1 3.00 490
    Probable Reserves 16.6 2.75 1,470
    P&P Reserves 21.7 2.80 1,960
    Measured Resource 9.5 4.20 1,280
    Indicated Resources 15 4.02 1,920
    M&I Resources 24.5 4.09 3,200
    Inferred Resources 1.7 4.51 240



    Kalana Licence

    Exploration Potential

    The Kalana permit, covering 387km², has significant exploration potential and hosts several exploration prospects. Two of the most advanced prospects are Kalanako and Djirila, which have both been drill-tested and are both within a reasonable trucking distance. Endeavour is currently working on integrating Kalana into its 5-year exploration strategy, following the transaction close.