Announcement Date: 2022-11-30
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Endeavour Mining Corp.
Project name: Lafigue
Location: Ivory Coast
Commodities: Gold
Highlight: Feasibility Study result incl. Post Tax NPV (5%) of USD $477M & IRR of 21%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Issuer, Endeavour Mining plc (Endeavour) in March 2021 engaged various consultants to prepare a Definitive Feasibility Study (DFS) for the Lafigué Project (the Project). The Project is on Endeavour’s Lafigué Exploitation Permit (PE 58)/historical Fétékro Exploration Permit (PR 329), and is located approximately 470 km by road, northeast of Abidjan in Côte d’Ivoire (CI). Endeavour has an 80% ownership interest in PE 58, hereafter also referred to as the ‘Lafigué Mining Licence’, ‘Lafigué ML’ or ‘Site’ and a 100% ownership interest in Exploration Permit (PR 329), hereafter referred to as the Fétékro Exploration Licence or ‘Fétékro EL. Société des Mines de Lafigué SA (SML) is the permit holder for PE 58, whilst the permit holder for PR 329 is La Mancha Côte d’Ivoire SARL (100%) or ‘LMCI’.
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