ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION
ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION
ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION
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Permit Name Type Area<br />
Permits Comprising the Tabakoto Gold Mine (1)(2)<br />
32<br />
Convention Ownership<br />
Company Name Expiration Endeavour Gov’t.<br />
Comifa Prospection 10 km 2 Tamico and now Semico In progress Renewal of<br />
permit in progress<br />
Kouidoulo Authorization<br />
of exploration<br />
Doufouru Authorization<br />
of exploration<br />
4.95 km 2 Avion Mali Exploration In progress Research permit<br />
waiting for<br />
approval<br />
18.6 km 2 Avion Mali Exploration In progress Research permit<br />
waiting for<br />
approval<br />
Notes:<br />
(1) Information contained in this table has been compiled from several sources, including title opinions, but has not been<br />
fully confirmed by Endeavour’s legal representatives.<br />
(2) Areas have been calculated from concession coordinates provided in the arrêtés and concession applications.<br />
The Ségala Mining Permit contains the Ségala Main, Ségala NW Deposits, Dar Salam, Moralia, Kenieba<br />
(Sansanto) and NE Orpailleur Deposits. The Tabakoto Mining Permit contains the Tabakoto NE, NW,<br />
Dioulafoundou, Tabakoto South and Dabo Deposits, and the Kéniéba Exploration Permit contains the<br />
Djambaye II Deposit.<br />
The Tabakoto Mining Permit and the Ségala Mining Permit are held in the name of Ségala<br />
Mining Corporation S.A. (“Semico”). The two exploration permits, Toubikoto and Manianguiti, are<br />
also held in the name of Semico. The shares in Semico are distributed between Avion Resources<br />
(Mali) Ltd. (80%) and the Government of the République of Mali (20%). Avion Resources (Mali) Ltd. is a<br />
direct wholly-owned subsidiary of Endeavour.<br />
On January 8, 2010, Endeavour (then Avion) announced the acquisition of a 100% interest in the<br />
Kéniéba Concessions held by Great Quest. The Kéniéba Concessions are located adjacent to the south<br />
and west sides of the Tabakoto Mining Permit and comprise the Kéniéba (Sansanto), Kéniéba Est and<br />
Comifa Concessions totaling approximately 32 km 2 . Under the terms of the acquisition agreement,<br />
the Corporation has agreed to make future contingent payments of up to $2.1 million in the event that<br />
it produces more than 400,000 ounces of gold from the Kéniéba Concessions, payable upon realizing<br />
each additional 50,000 ounces of production. If production from the concessions exceeds 600,000<br />
ounces, Endeavour would be required to make payments of up to a further $1.4 million to complete<br />
its obligations under this agreement.<br />
There are currently no material environmental liabilities associated with the Tabakoto Gold Mine. The<br />
Corporation completes a small amount of site rehabilitation annually and has recently completed a<br />
review of its asset retirement obligations.<br />
Accessibility, Climate, Local Resources, Infrastructure and Physiography<br />
The Tabakoto Gold Mine is located in the southwest corner of the Republic of Mali, a land-locked<br />
country in the northwest corner of Africa, bordered to the north by the Sahara Desert and by the<br />
countries Sénégal, Mauritania, Algeria, Burkina Faso, Niger, Cote D’Ivoire and Guinea.<br />
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