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August 18, 2020

Continuing to Hit It Out Of The Park, @EndeavourMining Doubles #Fetekro #Gold Resource To 2.5 MILLION Oz. Potential to be $EDV’s highest grade mine with +2.0Moz @ +3.50 g/t Au



  • Indicated resource for the Lafigué deposit has grown by 108% to 2.5Moz at 2.40 g/t Au
  • Potential to be Endeavour's highest grade operation with +2.0Moz at grades above 3.50 g/t Au based on a higher cut-off grade of 1.5 g/t Au  
  • Very low discovery cost of $7.50 per Indicated resource ounce
  • Significant exploration potential remains as the Lafigué deposit is open at depth and along strike and over a dozen nearby targets have been identified 

ENDEAVOUR ANNOUNCES FETEKRO INDICATED RESOURCE MORE THAN DOUBLES TO 2.5 MILLION OUNCES

1.3Moz Indicated resources added  ·  $7.50/oz discovery cost  ·  Updated PEA due Q4-2020

FETEKRO PROJECT HIGHLIGHTS:               

  • Indicated resource for the Lafigué deposit has grown by 108% to 2.5Moz at 2.40 g/t Au, based on 0.5g/t cut-off grade
  • Potential to be Endeavour's highest grade operation with +2.0Moz at grades above 3.50 g/t Au based on a higher cut-off grade of 1.5 g/t Au  
  • As 97% of the total resource is classified in the Indicated category, no further drilling is required to classify it to reserve status 
  • Very low discovery cost of $7.50 per Indicated resource ounce
  • Significant exploration potential remains as the Lafigué deposit is open at depth and along strike and over a dozen nearby targets have been identified 
  • 20,000 meters of additional drilling will be initiated in Q4-2020 with the goal of testing Lafigué remaining extensions and nearby targets
  • Metallurgical testwork indicates gold recovery >95%, with a significant portion recoverable by gravity 
  • An initial PEA based on the previously announced 1.2Moz Indicated resource already demonstrates robust project economics including a pre-tax NPV5% of $372m and an IRR of 37% at a $1,500/oz gold price with life of mine AISC of $697/oz
  • An updated PEA based on the new 2.5Moz Indicated resource is due in Q4-2020 


Read the whole News Release here: https://www.endeavourmining.com/news-releases/press-release-details/2020/Endeavour-annouces-Fetekro-indicated-resource-more-than-doubles-to-2.5-million-ounces/default.aspx  


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