Ity CIL Project

The Ity CIL project commenced construction in September 2017, being carried out by Endeavour's in-house team following their successful completion of the Houndé Project. The Optimized study, published in September 2017, demonstrated the significant potential for Ity, which has already been in operation for more than 20 years, to become another flagship asset for Endeavour. The Ity CIL project is expected to extend mine life by 14 years, producing approximately 204,000 ounces annually for the first ten years, at a low AISC of $549/oz.

Overview

Ownership

  • 85% EDV, 10% government of Côte d’Ivoire, 5% SODEMI

Location

  • Approximately 480 km northwest of Abidjan on southern Côte d'Ivoire

Status

  • Construction began in September 2017
  • Processing: 4.0Mtpa CIL
  • Expected Mine Life: +14 years

    Key Data

    LOMP SUMMARY

    Strip ratio, w:o 1.9
    Tonnes of ore processed, Mt 57.0
    Grade processed, Au g/t 1.5
    Gold content processed, Moz 2.87
    LOM Average Gold recovery, % 86%
    Gold production, Moz 2.47
    Mine life, years 14.3
    Average annual gold production, koz 173
    Cash costs, $/oz $554
    AISC, $/oz $580
    AVERAGE FOR YEARS 1 TO 5:
    Gold production, kozpa 235
    Cash costs, $/oz $472
    AISC, $/oz $494
    AVERAGE FOR YEARS 1 TO 10:
    Gold production, kozpa 204
    Cash costs, $/oz $523
    AISC, $/oz $549
    CAPITAL COST
    Initial capital cost, $m 412
    - of which equipment lease, $m 61
    Upfront capital cost, $m 351
    ECONOMICS (BASED ON $1,250/OZ)
    After-tax IRR 40%
    After-tax NPV ( 0% discount rate) $990m
    After-tax NPV ( 5% discount rate) $710m
    Payback period 1.8 years

     

    Technical Reports

    Download year list
    Date Download Description

    Reserves and Resources

    ITY MINE RESERVES AND RESOURCES

    On a 100% basis. Resources shown inclusive of Reserves. Tonnage
    (Mt)
    Grade
    (Au g/t)
    Content
    (Au koz)
    Proven Reserves 0.0 1.45 2
    Probable Reserves60.7 1.55 3,036
    P&P Reserves 60.8 1.553,039
    Measured Resource (incl. reserves) 1.4 0.97 44
    Indicated Resources (incl. reserves) 72.2 1.55 3,602
    M&I Resources (incl. reserves) 73.6 1.54 3,646
    Inferred Resources 19.1 1.34 823

     

    Timeline

    Maps

    Ity Birimian Corridor

    Ity CIL Deposits to be added in the study

    Ity high-grade Bakatouo discovery


    Ity Mine Drilling Targets

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