Indicated resource of 4.5Moz at 1.97 g/t · $11/oz discovery cost · PFS targeted by late 2024

HIGHLIGHTS:


The Tanda-Iguela property in Côte d’Ivoire continues to be Endeavour’s largest exploration focus as over 226km of drilling has been completed on the property since late 2021, with 168km completed in YTD 2023
Tanda-Iguela now ranks as one of the most significant discoveries made in West Africa over the last decade
96% of the Assafou deposit has been converted to Indicated status while the overall endowment has significantly increased over the 2022 maiden resource based on this year’s drilling campaign
Assafou now hosts an Indicated resource of 4.5Moz at 1.97 g/t Au and an Inferred resource of 0.2Moz at 1.91 g/t Au, compared to the 2022 maiden Indicated resource of 1.1Moz at 2.33 g/t Au and Inferred resource of 1.9Moz at 1.80 g/t Au
Significant upside potential as the 3.3km Assafou mineralised trend is open along strike and at depth
Assafou is amenable to conventional open pit mining as mineralisation starts at surface
Preliminary metallurgical testwork indicates overall average gold recoveries of over 94%
Located in proximity to good infrastructure with paved highway and high voltage grid power nearby
Low Indicated resource discovery cost of $11/oz, with a cumulative $50m spent on exploring the property
Further exploration is underway at the Assafou deposit and at seven satellite targets identified within 5km of the Assafou deposit
A Preliminary Feasibility Study is expected to be completed in late 2024

Abidjan, 29 November 2023– Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the “Company”) is pleased to announce that the extensive 2023 drill programme at its Tanda-Iguela greenfield property in Côte d’Ivoire has resulted in the delineation of a 4.5Moz Indicated resource, grading 1.97 g/t Au, which marks a 303% increase over the maiden Indicated resource estimate published in late 2022, thereby confirming its potential to be a Tier 1 asset. see & read more on
https://www.endeavourmining.com/media/news/endeavour-increases-indicated-resources-its-tanda-iguela-greenfield-property-303-45moz