ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION

More documents

Recommendations

Info

• Leave disturbed areas in a safe and stable condition • Minimise the impact of the facilities on surface water drainage patterns and also on groundwater characteristics • Minimise the impact of the facilities on contamination in general • Restore as much of the mining area to a sustainable land-use capability as is practicable • Minimise or eliminate any post-reclamation environmental impacts • Provide rehabilitated areas that contribute to the long-term sustainability of the local economy • Ensure that potential environmental liabilities associated with the closure of the site are minimized. The closure plan considered open pits, partially filled pits, completely backfilled pits and waste dumps for rehabilitation. The mine closure costs are allocated in the Nzema business plan and reflected in operational cash flow model. During 2011 and 2012 the Salman village was relocated 1.5km to the east of the previous site. Approximately 2,000 residents were moved to the new village which includes 711 structures. A resettlement due to the mining area of influence at the Adamus pit is currently underway. This will impact 1,200 to 1,500 residents and involve construction of approximately 540 structures. 1.13 Conclusions Nzema is a successfully operating gold mine that started commercial production in April 2011 and is projected to continue until 2019 based on currently available mineral reserves. The exploration database for the Youga project is reliable for the purpose of resource estimation. The mineral resources and mineral reserves have been updated to December 31, 2012. Adamus (Anwia) provides the majority of the reserves (66%) followed by Salman (15%), Bokrobo (12%) and the two additional deposits Nfutu (3%) and Aliva (3%). A total of 72.7 million tonnes will be mined (59.9 million tonnes waste) at an overall strip ratio of 4.6 to 1. In 2012 the Nzema gravity/CIL processing facilities had a throughput of 2.144 million tonnes at an average grade of 1.85g/t Au to produce 109,447 ounces. The LOM production schedule has 12.9 million tonnes of ore at an average grade of 1.91g/t Au processed to produce a total of 705,625 ounces. 1.14 Recommendations Nzema is an operating mine and requires ongoing monitoring of the impacts of changes in the gold price and the inflationary effects on power, fuels, labour and spare components must be monitored. Continued sustaining capital expenditures should be completed as described. Additional metallurgical testwork is required for the fresh mineralization in the Akropon and Avrebo deposits. 26
The 2013 exploration program is $2.55M and will focus on identification of new resources close to existing deposits that can readily be converted to reserves. Table 1.11 summarizes the exploration program by metres of drilling and by costs. The following programs are planned: • Reverse Circulation (RC) drilling at Adamus to convert Inferred mineral resources to Indicated mineral resources • RC drilling between Salman North and Akango South deposits at Salman to target continuation of the known mineralised structures through low lying areas • Reconnaissance RC (RRC) drilling along adjacent structures to the Salman Trend. In addition to the near mine programs, the following will be completed: • RRC drilling near the Avrebo deposit to identify additional mineral resources in that area. Table 1.11: 2013 Nzema Planned Exploration Program Item metres Cost US$ RRC Drilling 4,350 435,000 RC Drilling 6,000 320,000 Analysis 135,000 Consumables, Support, Land access and permitting 750,000 Labour 910,000 Total 2,550,000 Youga Gold Mine, Burkina Faso, West Africa The following technical disclosure relating to the Youga Gold Mine is derived principally from the summary from the “Technical Report and Update of Mineral Resources and Mineral Reserves for the Youga Gold Mine, Burkina Faso, West Africa” dated effective December 31, 2010 (the “Youga Report”), prepared by Adrian de Freitas and K. Kirk Woodman of Endeavour. The disclosure below has been supplemented with more recent information, which information has been reviewed and approved by the authors of the Youga Report, both of whom are qualified persons (non-independent) under National Instrument 43-101 - Standards of Disclosure for Mineral Properties (“NI 43-101”). Readers should consult the Youga Report to obtain further particulars regarding the Youga Gold Mine. The Youga Report is incorporated by reference herein and is available for review electronically on SEDAR at www.sedar.com under the Corporation’s profile. Location The Youga Exploitation Permit is located in southern Burkina Faso approximately 180 kilometers south of Ouagadougou, the capital city, near the border with Ghana. Ownership The Youga Exploitation Permit which currently covers an area of 29 km 2 , and was granted to Burkina Mining Company S.A. (“BMC”) in April 2003. Etruscan acquired 90% of BMC through a wholly owned 27
Page 1 and 2: ANNUAL INFORMATION FORM for the fin
Page 3 and 4: Date of Information PRELIMINARY NOT
Page 5 and 6: at the offices of Intertrust Corpor
Page 7 and 8: Under the Avion Arrangement, each o
Page 9 and 10: Divestiture of Non-Core Assets Fink
Page 11 and 12: Changes to Contracts The term of th
Page 13 and 14: Mine / Project Table 2 - Mineral Re
Page 15 and 16: 1.2 Geology The mineralization at t
Page 17 and 18: 1.4 Exploration Exploration activit
Page 19 and 20: Table 1.1: Total Mineral Resource E
Page 21 and 22: Table 1.4: Nzema Gold Mine Mineral
Page 23 and 24: Table 1.5: Main Parameters of Nzema
Page 25 and 26: Table 1.6 represents an example of
Page 27: Environmental Permit EPA/EIA/278. T
Page 31 and 32: Table 1.1 Youga Mineral Resources a
Page 33 and 34: Tabakoto Gold Mine, Mali, West Afri
Page 35 and 36: Air access to the Tabakoto property
Page 37 and 38: Nevsun conducted soil sampling, geo
Page 39 and 40: place during the Paleozoic. One suc
Page 41 and 42: The Ségala SW Zone is associated w
Page 43 and 44: The core is described and logged in
Page 45 and 46: Total Tabakoto Resources Dec. 31, 2
Page 47 and 48: Metallurgical Process (i) Existing
Page 49 and 50: It should be noted that the followi
Page 51 and 52: Metallurgical Testwork Consultants
Page 53 and 54: 1.6 DATA VERIFICATION The reliabili
Page 55 and 56: EOS Testwork Results Head Assays an
Page 57 and 58: Thickening, Rheology and Viscosity
Page 59 and 60: In order to determine the quantitie
Page 61 and 62: design, scheduling process, options
Page 63 and 64: washed and rinsed prior to elution.
Page 65 and 66: Table 1.8: Capital Cost Summary US$
Page 67 and 68: Table 1.11: Summary of Financial An
Page 69 and 70: esources are reported above a 0.3g/
Page 71 and 72: esources can be converted to Indica
Page 73 and 74: Mineral Resource Estimate The Vinda
Page 75 and 76: Item Unit Geotechnical Parameters S
Page 77 and 78: Waste Management Waste rock from mi
Page 79 and 80:
A discount rate of 5% was selected
Page 81 and 82:
such as lack of scientific informat
Page 83 and 84:
Finkolo Gold Project, Mali The Fink
Page 85 and 86:
under financing arrangements relate
Page 87 and 88:
Endeavour will be successful in ove
Page 89 and 90:
adequacy of water supply; availabi
Page 91 and 92:
Title to Mineral Holdings Mining co
Page 93 and 94:
Competition The mining industry is
Page 95 and 96:
MARKET FOR SECURITIES Price Range a
Page 97 and 98:
Name and Residence of Director/Offi
Page 99 and 100:
imposed by a court relating to Cana
Page 101 and 102:
(1) “Audit Fees” are the aggreg
Page 103 and 104:
(b) The Youga Report entitled “Te
Page 105 and 106:
2. OPERATION OF THE COMMITTEE Respo
Page 107:
Approve any permissible non-audit e
show all

ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION

Create successful ePaper yourself

Delete template?

Save as template?