Endeavour Mining has began the development of the $448m Lafigué gold venture on the Fetekro property within the Côte d’Ivoire.
Primarily based on the just lately accomplished definitive feasibility research (DFS), the venture is predicted to have a median manufacturing of 203,000oz of gold per yr and greater than 12.8 years of mine life.
Endeavour president and CEO Sebastien de Montessus stated that the Lafigué venture would change into the agency’s cornerstone asset, which might enhance the group’s geographical diversification.
Montessus stated: “We’re ideally positioned to launch the development of Lafigué, given our internet money place, the continued robust efficiency of our operations, and our success in de-risking the Sabadola-Massawa Enlargement with a good portion of the capital already dedicated on funds. Furthermore, we’re seeing lowered inflationary pressures and beneficial overseas alternate charges in comparison with earlier within the yr.”
The DFS recommends the event of a 4Mtpa carbon-in-leach plant to course of the ore from the Lafigué open-pit mine.
Manufacturing from the Lafigué venture is deliberate to begin early within the third quarter of 2024.
Endeavour has an 80% possession curiosity within the Lafigué Challenge, in addition to a 100% stake within the the rest of the Fetekro exploration licence.
The Lafigué open pit is deliberate to be developed in six levels with a mining capability of as much as 55Mpta.
Endeavour exploration and progress govt vice-president Patrick Bouisset stated: “To proceed to supply our tasks organically, we have now elevated our greenfield exploration efforts, which, over current months, have resulted in important success at our Tanda-Iguela property in Côte d’Ivoire, the place we anticipate to publish a maiden useful resource later this yr.”
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