Endeavour Mining Plc · TSX:EDV
Endeavour Mining — Investor Day (December 2025)
88 slides from Endeavour Mining's investor day presentation, Dec 2, 2025
Slide 1: Unlocking Exploration Value
UNLOCKING EXPLORATION VALUE 2026 – 2030 Exploration Strategy 2 December 2025 1
Slide 2: Table of Contents
TABLE OF CONTENTS 1 Endeavour Overview 2 2026 -2030 Exploration Strategy 3 Our Exploration Track Record 4 Why West Africa 5 New Ventures Exploration 6 Exploration by Asset 7 Conclusion 2
Slide 3: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS Some of the indicators used by Endeavour in this presentation represent non-IFRS financial financial results, cash flows and future prospects being consistent with Endeavour expectations in measures, including sustaining capital per ounce, non-sustaining capit
Slide 4: Endeavour Overview
ENDEAVOUR OVERVIEW 1 4
Slide 5: Endeavour Has an Unmatched Competitive Advantage
Dakar Senegal Mali SABODALA-MASSAWA Burkina Faso KAWSARA Bamako Ouagadougou ENDEAVOUR SIGUIRI HOUNDÉ MANA HAS AN UNMATCHED Guinea KALANA BANTOU Benin KOUTO COMPETITIVE ADVANTAGE IN WEST AFRICA, ONE OF Sierra ASSAFOU LAFIGUÉ Togo Leone THE LARGEST AND MOST SAKASSOU ASSUÉFRY Ghana PROSPECTIVE Liberia
Slide 6: Relative to Other Gold Producers
RELATIVE TO OTHER GOLD PRODUCERS CROSS SECTOR BENCHMARKING FY-2025 Production Guidance1 FY-2025 All-in Sustaining Cost Guidance1 7Moz Production, Moz $2,000/oz AISC, $/oz 6Moz $1,750/oz 5Moz $1,500/oz 4Moz PEER 3Moz $1,250/oz BENCHMARKING 2Moz $1,000/oz 1Moz $750/oz 0Moz $500/oz Endeavour is one of
Slide 7: Company Profile
COMPANY COMPANY PROFILE OVERVIEW Highlights Top shareholders Shareholder register as at 30 September, 2025 Ticker LSE | TSX: EDV, OTXCQ: EDVMF Shares outstanding as at 31 October, 2025 241m Rank Institution name % of S/O 1 BlackRock, Inc. 16.8 Share price as at 31 October, 2025 £30.74 / C$56.19 2 La
Slide 8: Our Strategy
COMPANY OUR STRATEGY OVERVIEW Build a resilient business and work as a trusted partner to reward shareholders MAINTAIN A WORK AS A REWARD HIGH-QUALITY PORTFOLIO TRUSTED PARTNER SHAREHOLDERS Investing in our people Empowering communities Managing our balance sheet prudently Delivering industry-leadin
Slide 9: Maintaining a High Quality Portfolio
COMPANY MAINTAINING A HIGH QUALITY PORTFOLIO OVERVIEW Build a resilient business and work as a trusted partner to reward shareholders Unlocking Exploration Replacing depletion and KEY extending mine lives PILLARS Identifying high value greenfield opportunities to bolster the pipeline PORTFOLIO OBJEC
Slide 10: Evolution of Capital Allocation Priorities
COMPANY EVOLUTION OF CAPITAL ALLOCATION PRIORITIES OVERVIEW Prioritising exploration through the cycle CASHFLOW AND ORGANIC GROWTH ORGANIC CASHFLOW AND ORGANIC SHAREHOLDER AND SHAREHOLDER PHASES GROWTH DEBT REDUCTION GROWTH RETURNS RETURNS 2016 - 2019 2020 - 2021 2022 - 2024 2025 - 2026 2027 - 2028
Slide 11: Our 2016-2025 Exploration Track Record
COMPANY OUR 2016-2025 EXPLORATION TRACK RECORD OVERVIEW Delivering mine life extension and greenfield discoveries at sector leading discovery costs 2016 – 2025 ACHIEVEMENTS +2.4x production Stable M&I 20.7 Moz M&I resources discovered depletion resource grade ~1.8 – 1.9g/t M&I resource grade since 2
Slide 12: Our Exploration Approach
COMPANY OUR EXPLORATION APPROACH OVERVIEW Disciplined approach, a strong team and highly prospective, immature ground DISCIPLINED APPROACH STRONG TEAM PROSPECTIVE GROUND › Strategic, returns-driven capital › High-quality multi-disciplinary › Prioritising highly prospective, but allocation focussed o
Slide 13: Our 2026 – 2030 Exploration Strategy
COMPANY OUR 2026 – 2030 EXPLORATION STRATEGY OVERVIEW Underpinned by our strong exploration track record 2026 – 2030 STRATEGY 6-9 Moz brownfield 6 Moz greenfield 12-15 Moz Mineral resource discovery target Mineral resource discovery target Mineral resource discovery target within the existing portfo
Slide 14: 2026 – 2030 Exploration Strategy
2026 – 2030 EXPLORATION STRATEGY 2 14
Slide 15: Our Exploration Methodology
2026-2030 OUR EXPLORATION METHODOLOGY STRATEGY 12 – 15Moz of mineral resources targeted over 2026 - 2030 GOLD MINERAL SYSTEM FRAMEWORK Proprietary framework that provides a robust and consistent approach to target Tier 1 gold deposits BROWNFIELD GREENFIELD NEW VENTURES 6 – 9Moz at <$40/oz 6Moz at <$
Slide 16: Optimising Assets and Replenishing Growth Pipeline
2026-2030 OPTIMISING ASSETS AND REPLENISHING GROWTH PIPELINE STRATEGY Strong competition for capital on a return basis across the portfolio DISCOVERY GENERATIVE EXPLORATION RESOURCE RESOURCE PRODUCTION EXPLORATION TARGETING APPRAISAL DEVELOPMENT > 1.5Moz target CAOB Kouto, Koulou NEW annual producti
Slide 17: 5-Year Discovery Outlook
2026-2030 5-YEAR DISCOVERY OUTLOOK STRATEGY Risked mean mineral resource discovery targets M&I Resource as at 31 December 20241 12-15Moz Risked Mean Mineral Resource Discovery Target 5-year (2026 – 2030) Mineral resource discovery target 1.5 Up to to 1.0 1.0 6.0Moz 2.0Moz to to 1.5Moz 1.5Moz 1.5 to
Slide 18: Exploration Efforts by Asset
2026-2030 EXPLORATION EFFORTS BY ASSET STRATEGY Strong focus on near mine and greenfield exploration 2026-2030 exploration expenditure $540m New Ventures 10% Côte d’Ivoire Estimated total exploration 28% expenditure 2026 - 2030 ~$108m Greenfield 36% 20% Average annual Senegal exploration expenditure
Slide 19: Tier One Gold Mineral System Discovery Framework
TIER ONE GOLD MINERAL SYSTEM DISCOVERY FRAMEWORK 2025-2030 STRATEGY Defining our proprietary Gold Mineral System Framework DISTRICT REGION PROSPECT TARGET Subduction tectonics and Arc-related magmatism and High and focused fluid flux metamorphism metamorphism Proximity to architecture; crossing I-ty
Slide 20: Integration of Artificial Intelligence
2026-2030 INTEGRATION OF ARTIFICIAL INTELLIGENCE STRATEGY Streamlined targeting and prioritisation leveraging machine learning and generative AI INSIGHTS FOUNDATION ENGINE VALUE › Artificial Intelligence has been developed Gold Mineral System Predictor Layers De-risked drill targets using our Gold M
Slide 21: Exploration Cost Overview
2026-2030 EXPLORATION COST OVERVIEW STRATEGY Industry leading discovery costs reflect approach and jurisdiction INTERNAL FACTORS IMPACTING AISC EXTERNAL FACTORS IMPACTING AISC DRILLING LABOUR Drilling unit costs are protected from cost inflation through fixed-rate Labour structure across operations
Slide 22: Experienced Exploration Team
2026-2030 EXPERIENCED EXPLORATION TEAM STRATEGY Highly experienced team well aligned to the Group’s priorities INSIGHTS EVP EXPLORATION AND GROWTH › Exploration team comprised of two core SONIA SCARSELLI teams; Execution Team and Technical and Sonia Scarselli Functional Team, with support from key E
Slide 23: Strong Health, Safety and Compliance Culture
2026-2030 STRONG HEALTH, SAFETY AND COMPLIANCE CULTURE STRATEGY Established processes driving high quality exploration LEADING HEALTH AND SAFETY STRINGENT QA/QC ROBUST RESOURCE MODELING › 0 LTIs and 1.88 TRIFR1. › Standardised QA/QC assurance › Endeavour conforms with the Canadian management system
Slide 24: Creating Sustainable Stakeholder Value
2026-2030 CREATING SUSTAINABLE STAKEHOLDER VALUE STRATEGY Track record of building trust through the project life-cycle at Lafigué Building strong Enhancing education Facilitating access to Improving access to Boosting local stakeholder relations and employability quality healthcare clean water inco
Slide 25: Our Exploration Track Record
OUR EXPLORATION TRACK RECORD 3 25
Slide 26: Unlocking Exploration Value
UNLOCKING EXPLORATION VALUE TRACK RECORD 20.7Moz of M&I resources discovered since mid-2016 Total M&I resource discoveries M&I resources discovered Exploration spend 9% 12.4 Group M&I resource grade 20.7Moz % of total M&I discoveries 1.9Moz Discovered 19% 4.0Moz Moz 14% M&I resources 17% 3.0Moz disc
Slide 27: Unlocking Exploration Value
UNLOCKING EXPLORATION VALUE TRACK RECORD 20.7Moz discovered across two successful exploration programmes M&I discoveries M&I resource as at 31 December 2015 M&I discovered - 2016 -2021 programme M&I discovered - 2021 - 2025 programme 3.1Moz 1.2Moz <$ 25/oz Discovery cost 1.7Moz 2.6Moz DISCOVERIES 0.
Slide 28: Quick Timeline from Discovery to Production
QUICK TIMELINE FROM DISCOVERY TO PRODUCTION TRACK RECORD Leveraging trusted partnerships in mining friendly jurisdictions Discovery Maiden Resource Updated Resource Permit Production 2025 Guidance: HOUNDÉ MINE M&I resources: M&I resources: 230-260koz production at KARI AREA DEPOSITS $19/oz 30.7Mt at
Slide 29: Discoveries Replacing Production Depletion
DISCOVERIES REPLACING PRODUCTION DEPLETION TRACK RECORD Discoveries represent more than double annual production depletion since 2016 Indicated resource discoveries vs. mine depletion Discoveries Production depletion1 Annual exploration spend 20.7 4.0Moz 3.0Moz Moz M&I resources 2.0Moz 4.0Moz discov
Slide 30: Exploration Value Creation: Houndé Brownfield
M&I Resource additions versus depletion EXPLORATION VALUE CREATION M&I Resource at year end Cumulative Depletion HOUNDÉ BROWNFIELD +148% CASE STUDY Kari Area Updated M&I resource: 45Mt at 1.76g/t for 2.5Moz 6.4Moz 6.2Moz 6.3Moz 5.7Moz Since 2016, brownfield exploration at the Kari Area Maiden M&I re
Slide 31: Exploration Value Creation: Ity Brownfield
M&I Resource additions versus depletion EXPLORATION VALUE CREATION Cumulative depletion M&I resources ITY BROWNFIELD +110% CASE STUDY La Plaque Maiden M&I resource: La Plaque Updated M&I resource: 8.9Moz 0.97Mt at 2.7 g/t for 0.1Moz 7.9Mt at 2.66 g/t for 0.7Moz Our brownfield exploration at the Ity
Slide 32: Exploration Value Creation: Lafigué Greenfield
EXPLORATION VALUE CREATION $ 12/oz Discovery cost LAFIGUÉ GREENFIELD CASE STUDY 2.3Moz Reserve with potential to The Lafigué discovery on the Fetekro property in increase with satellite deposits Côte d’Ivoire stands as one of most successful examples of our greenfield exploration. Initially discover
Slide 33: Exploration Value Creation: Assafou Greenfield
EXPLORATION VALUE CREATION $ 11/oz Discovery cost ASSAFOU GREENFIELD CASE STUDY 4.1Moz Reserves with potential to increase The Assafou discovery in Côte d’Ivoire is a strong with satellite deposits testament to our ability as a Group to unlock exploration value and organically generate a high- quali
Slide 34: Why West Africa
WHY WEST AFRICA 4 34
Slide 35: West Africa: Endeavour's Presence
WEST AFRICA ENDEAVOUR'S PRESENCE MOST GOLDEN No. 1 DISCOVERIES Discovery of 12.4Moz of M&I resources OPPORTUNITY for global gold discoveries over past decade since 2016 IN WEST AFRICA Endeavour is strategically positioned with an LARGEST unmatched competitive advantage in the region as the largest p
Slide 36: West Africa Ranks 1st for Discoveries
INDUSTRY EXPLORATION SPEND DISCOVERIES BY AREA For the period between 2010-2024 West Africa 70Moz Ecuador 39Moz Canada 37Moz Indonesia 33Moz WEST AFRICA RANKS USA 31Moz 1ST FOR DISCOVERIES Australia 30Moz Cote d’Ivoire 23Moz China 18Moz The region is significantly under-explored Burkina Faso 17Moz c
Slide 37: Endeavour Holds One of the Largest Land Packages
UNDER-EXPLORED REGION Dakar Senegal ENDEAVOUR HOLDS ONE OF THE SABODALA-MASSAWA KAWSARA Mali Bamako Burkina Faso Ouagadougou LARGEST LAND MANA HOUNDÉ TENEMENT HOLDINGS Guinea SIGUIRI KALANA BANTOU IN WEST AFRICA KOUTO Benin ASSAFOU Sierra Togo Leone LAFIGUÉ Ghana SAKASSOU ASSUÉFRY Côte d’Ivoire Libe
Slide 38: West Africa Is the 4th Largest Exploration Focus
GOLD INDUSTRY EXPLORATION BUDGET 2024 In US$ millions Canada Australia WEST AFRICA IS USA THE 4TH LARGEST West Africa Mexico $436m EXPLORATION FOCUS China ACROSS THE GLOBE Argentina Peru Côte d’Ivoire $118m Chile Given that exploration spend often Brazil Ghana foreshadows future production growth, E
Slide 39: West Africa Is the Fastest-Growing Gold Region
DISCOVERY TO PRODUCTION FOR GOLD MINES Average lead time to production since 1990 WEST AFRICA IS Oceania 19 yrs THE FASTEST JURISDICTION TO North America 17 yrs BUILD A MINE Given the importance of mining to West South America 16 yrs African economies, administrations are supportive of the extractiv
Slide 40: West African Projects Are Built Quicker, On-Time and On-Budget
PRODUCTION GOLD PROJECT CONSTRUCTIONS Based on 44 primary gold projects built since 2010 Project built on time & schedule Project missed budget or schedule WEST AFRICAN Latin America 7 projects 3.0 yrs PROJECTS ARE BUILT QUICKER, ON-TIME North America 10 projects 2.3 yrs AND ON-BUDGET Asia-Pacific 5
Slide 41: West African Projects Have Low Capital Intensity
PRODUCTION FOR THE REGION GOLD PROJECT CAPITAL INTENSITY Capital intensity calculated as development capital costs divided by M&I Resource as per the feasibility study $146/oz $147/oz WEST AFRICAN PROJECTS HAVE LOW $128/oz CAPITAL INTENSITY $118/oz $108/oz West African projects have the lowest capit
Slide 42: West Africa Is the Fastest-Growing Gold Producing Region
REGION’S PRODUCTION GROWTH WEST AFRICAN PRODUCTION GROWTH Burkina Faso Côte d’Ivoire Mali Senegal Guinea Ghana Other1 % of Mine Supply WEST AFRICA Annual Production % of Global Production 16Moz 14% IS THE FASTEST- GROWING GOLD 14Moz 12% PRODUCING REGION 12Moz 10% 10Moz 8.5% compound annual 8% growth
Slide 43: West African Gold Production by Country
PRODUCTION FOR THE REGION WEST AFRICAN GOLD PRODUCTION BY COUNTRY FY-2024 gold production by country WEST AFRICA 15Moz IS THE LARGEST GLOBAL GOLD PRODUCING 12Moz REGION 11Moz 6 out of the top 10 senior gold producers 9Moz have a presence in West Africa, with Endeavour being the largest producer in 7
Slide 44: Côte d'Ivoire
CÔTE D’IVOIRE The extensive Birimian greenstone belt has delivered multiple recent Tier 1 discoveries INSIGHTS › Côte d’Ivoire hosts ~35% of the Birimian Greenstone belt yet AFRICA accounts for less than 10% of gold discoveries in the region, due to the limited modern exploration. › Highly prospecti
Slide 45: Burkina Faso
BURKINA FASO Endeavour holds one of the largest exploration portfolios in-country INSIGHTS › Burkina Faso hosts ~21% of the Birimian Greenstone belt, with over 70Moz of gold endowment, making it one of West Africa’s most prolific gold jurisdictions. › The country contains several highly endowed Biri
Slide 46: Senegal
SENEGAL Our nearology advantage: exploring next door to Sabodala-Massawa INSIGHTS › Senegal hosts part of the highly endowed Birimian Belt, including the Kédougou–Kéniéba Inlier, a major gold-bearing structural corridor within the Birimian greenstone belt. › With 14Moz of gold endowment, Senegal off
Slide 47: New Ventures Exploration
NEW VENTURES EXPLORATION 5 47
Slide 48: Unlocking New Ventures Exploration
UNLOCKING NEW VENTURES EXPLORATION EXPLORATION Targeting Tier 1 gold provinces with high prospectivity and low exploration maturity OUR STRATEGY › Greenfield exploration programmes through operated exploration and New Ventures will target between 2 and 3 tier 1 greenfield discoveries over the 2026 –
Slide 49: Guiana Shield
UNLOCKING GUIANA SHIELD EXPLORATION A highly prospective frontier for greenfield discoveries WHY THE GUIANA SHIELD? › Located on the northeast coast of South America, the Guiana shield has historically produced more gold nuggets to the “new world” than any other region. › Despite a long history of o
Slide 50: West Tethyan Belt
UNLOCKING WEST TETHYAN BELT EXPLORATION Significant discovery upside in a world-class gold belt WHY THE WEST TETHYAN BELT? › The West Tethyan Belt (WTB) in southeast Europe is part of the broader Tethyan orogenic system that stretches +10k kilometres across Europe and Western Asia. 1 1 › The belt co
Slide 51: Central Asian Orogenic Belt
UNLOCKING CENTRAL ASIAN OROGENIC BELT EXPLORATION A Tier 1 gold province with limited large scale, modern gold exploration WHY THE CAOB? › The CAOB hosts multiple world-class metallogenic provinces including the Tien Shan (>320Moz gold) 1, Altai and Transbaikal belts rich in precious, base and rare
Slide 52: New Ventures Exploration, Kazakhstan
NEW VENTURES EXPLORATION, KAZAKHSTAN Strengthening and diversifying tier 1 organic growth pipeline INSIGHTS › Building a long-term organic growth pipeline by leveraging early- stage exploration companies operating in highly prospective, immature, gold terranes. › On 25 October 2025, Endeavour was pl
Slide 53: The Kazakh Economy
GOLD PRODUCTION2, Moz 4.6% 3.3 3.1 KAZAKHSTAN 2.7 CAGR 2.3 2.3 2.3 2.2 2.2 2.2 2.0 1.6 THE KAZAKH 1.4 ECONOMY Kazakhstan is Central Asia’s 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 largest economy. While it has long relied on energy POLITICAL ECONOMIC RESOURCE EXPORTS3 exports, min
Slide 54: Exploration by Asset
EXPLORATION BY ASSET 6
Slide 55: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Snapshot 250-280koz $1,100-1,250/oz 3.26Moz 5.19Moz As at As at 2025 Guidance 2025 Guidance 31 December 2024 31 December 2024 Production AISC P&P Reserves M&I Resources1 Overview The Sabodala-Massawa complex has potential to become a Construction of the Sabodala-Massawa expansi
Slide 56: Sabodala-Massawa Exploration Strategy Overview
SABODALA-MASSAWA EXPLORATION STRATEGY OVERVIEW Targeting near-term non-refractory and longer-term refractory deposits Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Gora Khosa Kawsara Golouma Sika Kerekounda Bakan Sira Soma Gora KA Makana Mafa TARGET SCREENING Bubble size represents r
Slide 57: Kawsara
KAWSARA Expected to provide near-term CIL ore INSIGHTS › Kawsara is a 10km long anomaly that INSET includes the Tama Toya and Sira targets. › The anomaly was drilled in Q1-2024, Permits identifying a potentially large resource Kanoumba Exploration Permit with near-surface mineralisation that Massawa
Slide 58: Kawsara
KAWSARA Expected to provide near-term CIL ore 58
Slide 59: Makana
MAKANA Expected to provide medium-term, high grade CIL ore INSIGHTS › The Makana deposit has the potential to provide high grade CIL ore in the nearer-term, with near-surface mineralisation. › The Makana deposit is located approximately 20km from the Sabodala-Massawa processing plant and is situated
Slide 60: Ity Mine
ITY MINE Snapshot 290-330koz $975-1,100/oz 3.55Moz 5.42Moz As at As at 2025 Guidance 2025 Guidance 31 December 2024 31 December 2024 Production AISC P&P Reserves M&I Resources1 Overview The Ity mine is one of Endeavour’s cornerstone assets. It has the The CIL plant was successfully built ahead of lo
Slide 61: Ity Exploration Strategy Overview
ITY EXPLORATION STRATEGY OVERVIEW Focussed on maintaining mine life above 10 years Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Gbampleu Goleu Mahapleu Guiamapleu Gueya Mont-Bâ TARGET SCREENING Bubble size represents MONTA-BÂ risk-adjusted deposit size Occurrence applied Gbampleu Pr
Slide 62: Gbampleu
GBAMPLEU Promising target on the Toulepleu-Ity greenstone belt INSIGHTS Gbampleu deposit map › The Gbampleu discovery is located in the Toulepleu exploration permit (PR462), 22km south of the Ity processing plant. The prospect sits in the centre part of the Toulepleu-Ity greenstone belt, on the sout
Slide 63: Gbampleu
GBAMPLEU Promising target on the Toulepleu-Ity greenstone belt 63
Slide 64: Goleu
GOLEU High priority target hosting high grade mineralisation INSIGHTS Goleu deposit map › The Goleu target is located approximately 15km south of the Ity processing plant on the wider Ity trend, and contains high grade mineralisation, continuous at depth, that was identified in early FY-2025. › A ma
Slide 65: Houndé Mine
HOUNDÉ MINE Burkina Faso 230-260koz $1,225-1,375/oz 2.64Moz 3.27Moz As at As at 2025 Guidance 2025 Target 31 December 2024 31 December 2024 Production AISC P&P Reserves M&I Resources1 Overview The Houndé mine is one of Endeavour’s The goal is to delineate sufficient additional resources cornerstone
Slide 66: Houndé Exploration Strategy Overview
HOUNDÉ EXPLORATION STRATEGY OVERVIEW Focussed on maintaining a +10 year mine life Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Vindaloo airstrip Vindaloo Deeps Kari Fault Karba Kari Deeps TARGET SCREENING Bubble size represents risk- adjusted deposit size Kari Deeps Kari Fault Vinda
Slide 67: Vindaloo Deeps
VINDALOO DEEPS Mineralisation remains open at depth below the current pit shell INSIGHTS Vindaloo Deeps deposit map › During FY-2023, drilling below the Vindaloo deposit identified two additional mineralised zones at depth, confirming the potential to delineate a sizeable, high grade underground res
Slide 68: Mana Mine
MANA MINE Burkina Faso 160-180koz $1,550-1,750/oz 0.68Moz 1.72Moz As at As at 2025 Guidance 2025 Guidance 31 December 2024 31 December 2024 Production AISC P&P Reserves M&I Resources1 Overview The Mana mine is located in the northern part Recent discoveries resulted in the development of of the high
Slide 69: Mana Exploration Strategy Overview
MANA EXPLORATION STRATEGY OVERVIEW Focussed on extending mine life to +10 years Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Bara Wona Deeps UG Momina TARGET SCREENING Bubble size represents risk- adjusted deposit size Bara Wona Deeps UG Occurrence applied Probability of Momina Deve
Slide 70: Wona Deeps
WONA DEEPS Mineralisation remains open at depth below the existing underground INSIGHTS Wona Deeps deposit map › A total of 7,600m of drilling has been performed in FY-2025 across 12 drill holes to test the extent of Wona Deeps Long Section showing Grade Control8.5m Resources 7.0m @ 7.36 g/t mineral
Slide 71: Lafigué Mine
LAFIGUÉ MINE Côte d’Ivoire 180-210koz $950-1,075/oz 2.36Moz 2.90Moz As at As at 2025 Guidance 2025 Guidance 31 December 2024 31 December 2024 Production AISC P&P Reserves M&I Resources1 Overview The Lafigué project will become Endeavour’s next cornerstone asset. It also demonstrates the capabilities
Slide 72: Lafigué Exploration Overview
LAFIGUÉ EXPLORATION OVERVIEW Long-term potential to grow endowment Exploration Strategy EXPLORATION RESOURCE DISCOVERY TARGET TARGETING APPRAISAL (2021-2025) Corridor WA 01-03 Central Area Corridor Target 04-T12 Corridor WA 02-06 Corridor WA 08 Corridor Target 01 Waste Dump SE Corridor Target 9-11 T
Slide 73: Assafou Project
ASSAFOU PROJECT Côte d’Ivoire 329koz $892/oz 4.1Moz 4.6Moz As at As at First 10 years First 10 years 31 December 2024 31 December 2024 Production AISC P&P Reserves M&I Resources1 Overview The Assafou project will become Endeavour’s next cornerstone asset. It also demonstrates the capabilities of the
Slide 74: Assafou Exploration Overview
ASSAFOU EXPLORATION OVERVIEW Potential to expand resource beyond the Assafou deposit Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Pala Trend 1 Djani-Yao Pala Trend 2 Pala Trend 3 Dakoua Broukro Attrame SW Pala Koumenagare Gbokore-Guiende Corridor TARGET SCREENING Bubble size represe
Slide 75: Assafou
ASSAFOU Resource growth expected at the Assafou deposit INSIGHTS Assafou Plan Map – Recent Drilling › During Q2 and Q3-2025, infill drilling on the Assafou deposit was completed and confirmed the existing resource model, providing increased confidence in the initial phases of ore mining planned at t
Slide 76: Assafou
ASSAFOU Resource growth expected at the Assafou deposit 76
Slide 77: Pala Trend 2
PALA TREND 2 Near-surface mineralisation to supplement near-term production at the Assafou project INSIGHTS Pala Trend 2 deposit map › Drilling at Pala Trend 2 commenced in FY-2024, identifying a 3km long mineralised trend at contact between Tarkwaian sediments and the Birimian basement. › Over 3,33
Slide 78: Pala Trend 2
PALA TREND 2 Near-surface mineralisation to supplement near-term production at the Assafou project 78
Slide 79: Pala Trend 3
PALA TREND 3 Near-surface mineralisation to supplement near-term production at the Assafou project 79
Slide 80: Conclusion
CONCLUSION 7 / 1 Eee lL 6hULDLlU YlCUSS
Slide 81: Well Positioned to Meet Strategic Objectives
WELL POSITIONED TO MEET STRATEGIC OBJECTIVES Sector leading organic growth and shareholder returns 2026 – 2030 EXPLORATION EXPLORATION TARGETS PROGRAMME OBJECTIVES ENDEAVOUR’S STRATEGIC OBJECTIVES Replace production 1.5Moz/yr depletion Production by 2030 Extend mine lives 6-9Moz Class leading All-in
Slide 82: Upcoming Catalysts
UPCOMING CATALYSTS KEY UPCOMING CATALYSTS Q4-2025 to Assafou Reserves and resources update Q1-2026 Announcement of new Shareholder Q1-2026 Shareholder Returns Returns Programme Q1-2026 Assafou Definitive Feasibility Study Q1-2026 Assafou Exploitation permit approval Q1-2026 Houndé Vindaloo Deeps res
Slide 83: Appendix
APPENDIX FT / 26 Es f
Slide 84: Reserves and Resources, Exploration Target Methodology
APPENDIX 1 Reserves and Resources, Exploration Target Methodology
Slide 85: Reserves and Resources
RESERVES AND RESOURCES As of 31 December 2024, on a 100% Basis Resources shown Tonnage Grade Content Resources shown Tonnage Grade Content Resources shown Tonnage Grade Content inclusive of Reserves (Mt) (Au g/t) (Au koz) inclusive of Reserves (Mt) (Au g/t) (Au koz) inclusive of Reserves (Mt) (Au g/
Slide 86: Notes to Reserves and Resources
NOTES TO RESERVES AND RESOURCES As at 31 December 2024 86
Slide 87: Exploration Target Methodology
EXPLORATON TARGET METHODOLOGY Target screening to support operations and deliver tier 1 projects into the pipeline Endeavour’s large land position of more than 7,000km2 and comprehensive database over a very large number of exploration targets promotes the application of a general portfolio manageme
Slide 88: TSX.EDV LSE.EDV
CORPORATE OFFICE 5 Young Street, London W8 5EH, United Kingdom T: +44 203 011 2723 OPERATIONS OFFICE Abidjan Office, Route du Lycée Technique, Abidjan, 08 BP 872 Abidjan 08, Côte d’Ivoire T: +225 27 22 48 99 00 CONTACT US investor@endeavourmining.com Follow us: TSX.EDV endeavourmining.com LSE.EDV 88