Endeavour Mining Investor Presentation Deck
3 STRONG EXPLORATION TRACK RECORD
6
Targeting discovery of more than 2x production depletion over 2021-2025 period
UNLOCKING
EXPLORATION VALUE
5-year resource discovery target
Risked mean Indicated resource discovery target (2021-2025)
M&I resource as at 31 December, 2020
$/oz Target discovery cost
$26/oz
2.3
to
2.7Moz
6.6Moz
Sabodala-
Massawa
$19/oz
3.0
to
4.0Moz
4.6Moz
Houndé
$17/oz
3.5
to
4.5Moz
3.8Moz
Ity
$30/oz
1.0
to
1.5Moz
3.0Moz
Mana
$45/oz
1.5
to
2.0Moz
2.5Moz
Fetekro
($14/oz
1.2
to
1.8Moz
2.3Moz
$25/oz
1.5
to
2.0Moz
2.2Moz
Greenfields¹ Wahgnion
$32/oz
1.0
to
1.5Moz
1.5Moz
Boungou
ENDEAVOUR
15-20Moz
Exploration target
(2021-2025)
Sabodala-Massawa
21%
2022 Exploration Budget
Wahgnion
12%
MINING
$80
million
Greenfields and other
21%
Ity
14%
Hounde
20%
Boungou
4%
Mana
9%
(1) Based on the conservative assumption only 1 successful Greenfields discovery. Targeted Indicated resources are based on average tonnage and average gold grades of 24-48Mt at 1.5-3.5g/t for Sabodala-Massawa, 25-67Mt at 1.4 -
5.0g/t for Houndé, 47-54Mt at 2.0-3.0g/t for Ity, 12-24Mt at 1.3-4.0 g/t for Mana, 18-49Mt at 0.95 -3.5g/t for Greenfield, 21-28Mt at 1.8-2.0g/t for Fetekro, 21-39Mt at 1.2-3.0g/t for Wahgnion and 19-21Mt at 1.5-2.5g/t for
Boungou.. The potential quantity of ounces is conceptual in nature since there has been insufficient exploration to define a mineral resource and it is uncertain if exploration will result in the targets being delineated as a mineral resource.
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