Endeavour Mining Investor Presentation Deck
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EXPANSION PROJECT INSIGHTS
> DFS recommends supplementing the current 4.2Mtpa
CIL plant with a 1.2Mtpa BIOX® plant to process the
high-grade refractory ore from the Massawa deposits
>
SABODALA-MASSAWA
EXPANSION
Low-capex intensive expansion, adding BIOX® plant, launched in Q2-2022
>
>
At a $1,700/oz gold price the stand alone BIOX®
project has an after-tax NPV5% of $861 million, a 72%
IRR, and a short 1.4 year payback period
>
BIOX® plant generates $200 million of incremental
annual free cash flow during its first five years, at a
gold price of $1,700/oz and delivers incremental
annual production of 194koz over next five years at a
low AISC of $531/oz
$290m initial capex expansion expected to be self
funded by the existing Sabodala-Massawa operation
> Construction commenced in Q2-2022 with first gold
pour from the BIOX® plant expected in early 2024
BIOX® project expected to create over 100 full-time
jobs in country with a corporate target of 95% national
employment
ENDEAVOUR
MINING
BIOX® Project expansion schematic plan
BIOX Reactors
Ch
Counter Current
Decantation (CCD)
Elution & Regeneration
Reagent Store
EPCM Award
Detailed Design & Engineering
Order & Procure Long Lead Items
TSF 1B Tailings Dam Construction
Earthworks
Civil Concrete Works
Power Plant Construction
Process Plant Construction
Process Plant Commissioning
First Gold
Neutralization
Expansion Project construction timeline
BIOX CIL
Flotation
Crushing and Stockpile
Grinding
H1-2022 H2-2022 H1-2023
1803
H2-2023
H1-2024
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