Reserves and Resources

Endeavour Mining Mineral Reserves and Mineral Resources as at December 31, 2018, on a 100% basis, unless otherwise stated

Group Consolidated

Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven Reserves 10.3  2.13  707 
Probable Reserves 135,8  1.66  7,259 
P&P Reserves 146.2  1.70  7,967 
Measured Resource (incl. reserves) 17.8  2.78  1,586 
Indicated Resources (incl. reserves) 218.1  1.75  12,255 
M&I Resources (incl. reserves) 235.9  1.83  13,851 
Inferred Resources 45.9  1.62  2,394 

AGBAOU MINE

Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven Reserves 0.3  1.63  16 
Probable Reserves 8.3  1.67  445 
P&P Reserves 8.6  1.66  461 
Measured Resource (incl. reserves) 1.9  0.87 54 
Indicated Resources (incl. reserves) 7.6  2.51  610 
M&I Resources (incl. reserves) 9.5 2.18 664 
Inferred Resources 0.8 1.72  46 

ITY MINE AND CIL PROJECT

Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven Reserves 0.0  1.45 
Probable Reserves 60.7 1.55  3,036 
P&P Reserves 60.8  1.55  3,039 
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 

KARMA MINE

Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven Reserves 1.3  0.56  24 
Probable Reserves 26.2  0.88  740 
P&P Reserves 27.5  0.86 764 
Measured Resource (incl. reserves) 1.3  0.66  28 
Indicated Resources (incl. reserves) 74  1.10  2,627 
M&I Resources (incl. reserves) 75.3  1.10  2,655 
Inferred Resources 17.9  1.34  772 

KALANA

Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven Reserves 5.1  3.00  492 
Probable Reserves 16.6  2.76  1,472 
P&P Reserves 21.7  2.81  1,964 
Measured Resource (incl. reserves) 9.5  4.19  1,280 
Indicated Resources (incl. reserves) 16.3  3.74  1,964 
M&I Resources (incl. reserves) 25.8  3.92  3,254 
Inferred Resources 1.9  4.41  265 

HOUNDE MINE

Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven Reserves 3.5  1.53 174 
Probable Reserves 24.0  2.03  1,566 
P&P Reserves 27.5  1.97  1,740 
Measured Resource (incl. reserves) 3.6  1.56  180 
Indicated Resources (incl. reserves) 41.2  2.23 2,954 
M&I Resources (incl. reserves) 44.7  2.18  3,134 
Inferred Resources 3.2  2.64  268 

FETEKRO

Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven Reserves
Probable Reserves
P&P Reserves
Measured Resource (incl. reserves)
Indicated Resources (incl. reserves) 6.9 2.25 499 
M&I Resources (incl. reserves) 6.9  2.25  499 
Inferred Resources 3.0 2.31 211 

 The mineral reserves and resources were estimated as at December 31, 2018 in accordance with the provisions adopted by the Canadian Institute of Mining Metallurgy and Petroleum (CIM) and incorporated into the NI 43-101. The Qualified Persons responsible for the mineral reserve and resource estimates are detailed in the following tables.    

MINERAL RESOURCES

QUALIFIED PERSON POSITION PROPERTY/DEPOSIT
Kevin Harris, CPG
V.P. Resources, Endeavour Mining 
Agbaou, Colline Sud deposit (Ity), North Kao deposit (Karma), Bouere and Dohoun deposits (Houndé) 
Mark Zammit, MAIG
Principal, Cube Consulting Pty Ltd
Ity (except Colline Sud deposit), Vindaloo deposits (Houndé)
Eugene Puritch, P.Eng.
President, P&E Mining Consultants Inc
Karma (except North Kao deposit) 
Ivor Jones, FAusIMM
Principal Consultant, Denny Jones (Pty) Ltd
Kalana Project

 

MINERAL RESERVES

QUALIFIED PERSON POSITION PROPERTY/DEPOSIT
Michael Alyoshin, MAusIMM CP (Min)
Independent consultant
Bouere and Dohoun deposits of Houndé, and North Kao deposit of Karma 
Jan Dharmabandu, FIMMM
Group Manager – Long Term Planning, Endeavour Mining
Ity, Agbaou, Houndé – except Bouere and Dohoun deposits, and Karma – except North Kao, Nami and GG1
Eugene Puritch, P.Eng.
President, P&E Mining Consultants Inc
Nami & GG1 of Karma
Allan Earl, FAusIMMExecutive Consultant, Snowden Mining Industry Consultants (Pty) Ltd
Kalana Project, Ity (CIL)

 

1.     The mineral resources and reserves have been estimated and reported in accordance with Canadian National Instrument 43-101, 'Standards of Disclosure for Mineral Projects' and the Definition Standards adopted by CIM Council in May 2014.

2.     Mineral resources that are not mineral reserves do not have demonstrated economic viability.

3.     All Mineral Resources are reported inclusive of Mineral Reserves.

4.     Tonnages are rounded to the nearest 100,000 tonnes; gold grades are rounded to two decimal place; ounces are rounded to the nearest 1,000oz. Rounding may result in apparent summation differences between tonnes, grade and contained metal.

5.     Tonnes and grade measurements are in metric units; contained gold is in troy ounces.

6.     The reporting of Mineral Reserves and Resources are based on a gold price as detailed below:

 

Project1 Agbaou  Kalana  Ity   Karma2 Houndé Fetekro 
 Reserves Au Price  1,250 1,200  1,250 1,300  1,250   n.a
 Resources Au Price 1,500 1,400  1,500  1,557 1,500  1,500


1 Cut off grades for all resources open pits are 0.5g/tAu, except at Kalana where the cutoff grade is at 0.9g/tAu and at Karma where the cut-off grade is defined by material type: Oxide=0.2, Transition=0.22 and Sulfide=0.5.

Cut off grades for reserves except for Karma and Kalana vary between 0.4-0.6g/t for Oxide ore, 0.4-0.8g/t for Transition ore & 0.6-0.8g/t for Sulfide ore. For Karma Cut-off grade vary between 0.3-0.4g/t.

2 North Kao resources has a gold price of $1,500/oz. Gold price for Kao Main and Rambo West reserves is $1350/oz.

 

The scientific and technical information relating to the Agbaou mine, Ity mine, Karma mine, Houndé mine and Kalana Project contained in this document has been derived from or based on the following technical reports. Copies of the reports are available electronically on SEDAR at www.sedar.com under the Corporation's profile. The Kalana report is available under the Avnel Gold Mining profile on SEDAR.  

 
  • Agbaou mine: "Technical Report, Mineral Resource and Reserve Update for the Agbaou Gold Mine, Côte d'Ivoire, West Africa" dated effective December 31, 2014.
  • Ity mine: "Ity CIL Project National Instrument 43-101 Technical Report", dated December 9, 2016.
  • Ity mine: Reserves and Resources were updated in 2017 after the completion of a Project Optimization Study. The results were published in the September 20, 2017 press release available on the company's website.
  • Karma mine: “Technical Report on an updated Feasibility Study and a Preliminary Economic Assessment for the Karma Gold Project, Burkina Faso, West Africa” dated effective August 10, 2014.
  • Houndé mine: "Houndé Gold Project, Burkina Faso, Feasibility Study NI 43-101 Technical Report", dated effective October 31, 2013.
  • Houndé mine: Reserves were updated in 2015 by Orelogy "Cost review and Reserve update study", dated February 2015. Endeavour News Release February 19, 2015.
  • Kalana Project: "NI 43-101 Technical Report on Kalana Main Project", dated effective March 30, 2016.



























































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































 

1 Cut off grades for all resources open pits are 0.5g/tAu, except at Kalana where the cutoff grade is at 0.9g/tAu and at Karma where the cut-off grade is defined by material type: Oxide=0.2, Transition=0.22 and Sulfide=0.5.

Cut off grades for reserves except for Karma and Kalana vary between 0.4-0.6g/t for Oxide ore, 0.4-0.8g/t for Transition ore & 0.6-0.8g/t for Sulfide ore. For Karma Cut-off grade vary between 0.3-0.4g/t.

2 North Kao resources has a gold price of $1,500/oz. Gold price for Kao Main and Rambo West reserves is $1350/oz.

 

The scientific and technical information relating to the Agbaou mine, Ity mine, Karma mine, Houndé mine and Kalana Project contained in this document has been derived from or based on the following technical reports. Copies of the reports are available electronically on SEDAR at www.sedar.com under the Corporation's profile. The Kalana report is available under the Avnel Gold Mining profile on SEDAR.    

  • Agbaou mine: "Technical Report, Mineral Resource and Reserve Update for the Agbaou Gold Mine, Côte d'Ivoire, West Africa" dated effective December 31, 2014.
  • Ity mine: "Ity CIL Project National Instrument 43-101 Technical Report", dated December 9, 2016.
  • Ity mine: Reserves and Resources were updated in 2017 after the completion of a Project Optimization Study. The results were published in the September 20, 2017 press release available on the company's website.
  • Karma mine: “Technical Report on an updated Feasibility Study and a Preliminary Economic Assessment for the Karma Gold Project, Burkina Faso, West Africa” dated effective August 10, 2014.
  • Houndé mine: "Houndé Gold Project, Burkina Faso, Feasibility Study NI 43-101 Technical Report", dated effective October 31, 2013.
  • Houndé mine: Reserves were updated in 2015 by Orelogy "Cost review and Reserve update study", dated February 2015. Endeavour News Release February 19, 2015.
  • Kalana Project: "NI 43-101 Technical Report on Kalana Main Project", dated effective March 30, 2016.