Our strong exploration pipeline underpins our long-term growth.

Endeavour’s world-class approach to exploration has been fundamental to its consistent success in maintaining a high-quality portfolio and building a strong organic growth pipeline.

The significant progress we have made across our producing assets leaves us well positioned to meet our five-year discovery target of 12–17 million ounces of Indicated resources over the 2021 to 2025 period, at the low discovery cost of less than $25 per ounce.

Tanda Iguela discovery

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five-year discovery target
 

<$0/oz

discovery target
 

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exploration targets

Portfolio map
Ity mine
Houndé mine
Mana mine
Sabodala-Massawa mine
Lafigué mine
Assafou project
Kalana project
Houndé exploration
Ity exploration
Mana exploration
Sabodala-Massawa exploration
Lafigué exploration
Siguiri exploration
Assafou exploration
Regional office
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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.
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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.
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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.
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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.
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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.
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Guinea
Siguiri exploration
The Siguiri exploration licenses are located in northwest Guinea, located next door to AngloGold’s Siguiri Mine.
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Côte d'Ivoire
Assafou exploration
Exploration continues at the Assafou deposit and other targets on the Tanda Iguela property

Five year discovery targets

Indicated resources

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Sabodala-Massawa

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Houndé

 

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Ity

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Mana

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Lafigué

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Greenfields

Proven ranking and screening methodology

We base our approach to exploration on a methodology used in the oil and gas sector

All targets

Exhaustive screening based on geological data and first selection

150 targets

Screened through multicriteria data analysis to set targets amenable to AISC <$950/oz

110 Main targets

Applying a min / mean / max distribution and then a probability of occurrence for the mean value

Up to 25Moz

risked mean Indicated resource potential

Selecting most relevant targets in portfolio with higher probability of occurrence which can be explored in the next 5 years

Top 70 targets

Sum of all risked Mean Indicated ounces represent the best estimate of what can be expected from the portfolio

15–20Moz

risked Indicated resource potential

Exploration budget required per target to reach Indicated resource level status equating to a globalised 5-year budget and related discovery cost

Strategic Priority to establish 5-year programme

Five-year discovery targets established across the portfolio

West Africa: the leader for gold discoveries

Endeavour is strategically positioned with an unmatched competitive advantage in the region.

West Africa has become the largest gold producing region globally due to its significant exploration potential, favourable mining regimes, and the industry’s ability to build mines on time, on schedule and with low capital intensity. 

Given that exploration spend often foreshadows future production growth, West Africa has the potential to be an even larger producing region. 

No.0

region globally for discoveries in last 10 years, 67 Moz discovered
 

0th

largest exploration focus across the globe
 

$0.0bn

Spent on in-country suppliers

Endeavour holds one of the largest land tenement holdings in West Africa

We have a strategic foothold in two of West Africa's most prospective belts, the Ity Birimian belt and the Houndé belt.

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of greenstone belt lies in Burkina Faso and Côte d'Ivoire but only represents...

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of producton since it is unexplored

Endeavour controls the full 125km stretch along the Ity Birimian Belt.

Endeavour has the largest foothold on the Houndé belt.