ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION
ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION
ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Total Tabakoto Reserves Dec. 31, 2012<br />
Underground Proven 567,000 4.21 76,800<br />
Probable 3,469,000 4.67 521,000<br />
Total Underground 4,036,000 4.61 597,800 UG<br />
Open Pit Proven 0 0.00 0<br />
Probable 1,050,000 2.91 98,200<br />
Total Open Pit 1,050,000 2.91 98,200 OP<br />
Total Tabakoto In-situ Reserves 5,086,000 4.26 696,000<br />
STOCKPILES<br />
ROMPAD Proven 143,000 3.37 15,500 SP<br />
Total Stockpiles Subtotal 143,000 3.37 15,500 SP<br />
GRAND TOTAL Proven 710,000 4.04 92,300<br />
Probable 4,519,000 4.26 619,200<br />
Total 5,229,000 4.23 711,500<br />
Notes:<br />
1. The Mineral Reserves have been classified in accordance with the requirements of NI 43-101 based on a gold price of US$1,350 per ounce<br />
and a 93% process plant recovery rate.<br />
2. Internal Underground Reserves estimate, Tabakoto and Segala Underground Reserves as of December 31 st , 2012 prepared by Exupery<br />
Lyimo, under supervision of Richard Allan P.Eng., qualified person, not independent from Endeavour.<br />
3. Internal Open Pit and Stockpiles Reserve estimate, Djambaye and Darsalam Open Pit reserves December 31 st , 2012, prepared by Patrick<br />
Mkonyi, under supervision of Richard Allan P.Eng., qualified person, not independent of Endeavour.<br />
4. The Mineral Reserves were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral<br />
Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM<br />
Council.<br />
5. “UG” indicates Underground, “OP” indicates Open Pit and “SP” indicates Stockpile.<br />
Mining Operations<br />
The Tabakoto Gold Mine transitioned from an open pit mining operation to a mix of underground and<br />
open pit sources in 2012. The method of mining is dependent on location. There are three deposits<br />
currently being mined:<br />
The Ségala Deposit which consists of the Ségala Main and the Ségala NW zones. Both of these<br />
zones have been mined by open pit methods during 2009 through 2012. The Segala Main is<br />
currently being developed as an underground mine, with the first ore to be produced late in<br />
2013. The Segala NW reserve was depleted in early 2012 however there are investigations<br />
ongoing to upgrade remaining and additional resources.<br />
The Tabakoto Deposit was previously mined using open pit mining methods. Since 2011,<br />
underground mining methods have been used to exploit the NE and NW trending zones, as well<br />
as the South/Dabo mineralized zone<br />
The Dioulafoundou Deposit was mined until November 2012 and the Djambaye II Deposit<br />
continues as the sole open pit mining operation.<br />
Stockpiles created during past open pit mining will be reclaimed and fed to the Tabakoto process plant<br />
at the end of mine life.<br />
44