Endeavour issues Pre-Feasibility Study results for Assafou Project in Côte d’Ivoire

Endeavour Mining plc has announced the successful completion of a Pre-Feasibility Study (PFS) for its Assafou-Dibibango (“Assafou”) project, part of the Tanda-Iguela property in Côte d’Ivoire. The results confirm Assafou’s potential as a tier-1 asset, prompting the company to proceed to a Definitive Feasibility Study (DFS) and begin the permitting process.

Potential

Assafou is projected to produce 330,000 ounces annually during its first 10 years, maintaining a position in the lowest cost quartile. The project has a high-grade Indicated resource of approximately 5 million ounces, with significant potential for further resource growth and near-mine exploration opportunities across the Tanda-Iguela property.

Construction could commence in the second half of 2026, following the completion of the DFS and necessary permitting. CEO Ian Cockerill emphasized that the project aligns with Endeavour’s strategic focus on developing large, low-cost, long-life assets that deliver strong financial returns. Assafou’s economics ensure it remains a capital allocation priority, reinforcing the company’s production growth target of 1.5 million ounces annually by the end of the decade.

The project will bolster Endeavour’s diversified portfolio of assets while maintaining best-in-class margins. Exploration and project development capabilities demonstrate Endeavour’s ability to generate value organically through its robust pipeline of growth opportunities. Shareholder returns are expected to remain a priority in line with the company’s existing policies, even during this growth phase. Endeavour’s progression on Assafou reflects its commitment to sustainable growth and value creation within the gold mining sector.