Slide 1: Sabodala-Massawa Site Visit
SABODALA-MASSAWA SITE VISIT November 2024
Slide 2: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS Some of the indicators used by Endeavour in this presentation represent non-IFRS financial measures, exploration activities; production and cost of sales forecasts for Endeavour meeting expectations; including sustaining capital per ounce, non-sustaining capit
Slide 3: Site Visit Itinerary
SITE VISIT ITINERARY Tuesday 19 November 09:30 Arrive at Sabodala-Massawa 10:15 Introduction presentation 11:00 Massawa area pits 13:00 Sabodala pit 13:30 Lunch 14:30 BIOX processing plant 16:30 Exploration 17:30 Break 18:30 Dinner & CEO Introduction Wednesday 20 November 6:00 Breakfast 7:00 Solar p
Slide 4: Contents
CONTENTS SABODALA-MASSAWA OVERVIEW 5 OUR PRESENCE IN SENEGAL 20 BIOX PROJECT CONSTRUCTION 26 MINING 31 CIL PROCESSING 38 BIOX PROCESSING 45 INFRASTRUCTURE 54 EXPLORATION 60 ESG IMPACT 71 APPENDIX 78 4
Slide 5: Sabodala-Massawa Overview
SABODALA-MASSAWA OVERVIEW 1
Slide 6: Management Team
SABODALA-MASSAWA OVERVIEW MANAGEMENT TEAM A strong team with bolstered BIOX expertise Vice President, Vice President SVP Head of Operations Exploration Projects Lawrence Manjengwa Zakaria Sanfo Matt Berden Asset Commercial Security Exploration Project Manager Manager Manager Manager Manager Conrad B
Slide 7: Site Overview
SABODALA-MASSAWA OVERVIEW SITE OVERVIEW Footprint increased significantly following BIOX Expansion TSF1 TSF1 BIOX plant Newly added CIL plant Power Plant Expansion Power Station Primary Crushing 7
Slide 8: Asset Snapshot
SABODALA-MASSAWA OVERVIEW ASSET SNAPSHOT The largest gold mine in Senegal 4.3Mtpa CIL 1.2Mtpa BIOX 3.5Moz 5.4Moz 15 March 2009 1 August 2024 As at 31 Dec 2023 As at 31 Dec 2023 FIRST GOLD POUR COMMERCIAL PRODUCTION P&P RESERVES M&I RESOURCES The Sabodala-Massawa complex is a top-tier asset, and the
Slide 9: Asset History
SABODALA-MASSAWA OVERVIEW ASSET HISTORY Strategic acquisition of the consolidated Sabodala-Massawa complex in 2021 SABODALA SABODALA MASSAWA Modern exploration activities First Gold acquires the June commence Pour Sabodala Mine Plant SMP works commence October December February 2004 2009 2010 2012 a
Slide 10: BIOX Project Expansion
SABODALA-MASSAWA OVERVIEW BIOX PROJECT EXPANSION Completed on budget, on schedule with zero lost time injuries INSIGHTS BIOX EXPANSION PROJECT HIGHLIGHTS › 1.2Mtpa BIOX plant, designed to Refractory Mineral Reserve 9.2Mt at 4.82g/t for 1.4Moz process high-grade refractory ore Refractory Mineral Reso
Slide 11: BIOX Project Construction
SABODALA-MASSAWA OVERVIEW BIOX PROJECT CONSTRUCTION Construction activities supported by the operating team Foundations & Concrete pouring Bulk Earthworks July 2022 November 2022 All Major Structures Erected Construction Activities Underway Process plant assembly: Elution, June 2023 pregnant solutio
Slide 12: West African Construction Track Record
SABODALA-MASSAWA OVERVIEW WEST AFRICAN CONSTRUCTION TRACK RECORD Five projects successfully delivered in the last 10 years TRACK RECORD Delivered on-schedule in <24 months HOUNDÉ BIOX EXPANSION Delivered on or below 2014 2017 2019 2024 2024 budget Delivered at an industry- leading capital intensity
Slide 13: Mining Operations
SABODALA-MASSAWA OVERVIEW MINING OPERATIONS Conventional open pit, drill and blast, load and haul mining operations INSIGHTS › +50Mtpa mining capacity with 13 loaders and 47 dump trucks › Mining fleet upgrades support increased mining capacity › Owner mining and drilling, while grade control drillin
Slide 14: Processing Operations
SABODALA-MASSAWA OVERVIEW PROCESSING OPERATIONS +5.5Mtpa annual processing capacity BIOX PLANT CIL PLANT INSIGHTS INSIGHTS › 1.2Mtpa BIOX® plant, designed to process high-grade refractory ore › Original CIL plant constructed in 2009 › Commercial production declared effective 1 August 2024, with plan
Slide 15: YTD-2024 Mining and Processing Performance
SABODALA-MASSAWA OVERVIEW YTD-2024 MINING AND PROCESSING PERFORMANCE CIL production impacted by lower availability of high-quality ores Ore mining activities Production and processed grade commence at Kiesta later than planned, in addition to a full Production, koz Processed Grade, g/t Recoveries qu
Slide 16: Site Optimisation Initiatives
SABODALA-MASSAWA OVERVIEW SITE OPTIMISATION INITIATIVES Optimisation initiatives to maintain best-in-class margins BIOX PLANT INITIATIVES SITE-WIDE INITIATIVES › Increase floatation throughput by › Community engagements underway accelerating floatation tailings pumps following receipt of all technic
Slide 17: Tailings Storage Facilities
SABODALA-MASSAWA OVERVIEW TAILINGS STORAGE FACILITIES Owned and operated with annual independent 3rd party review › Unlined upstream construction › CIL tailings disposal › Capacity projected to Sept 2025 with Proposed location current decant raise underway TSF1 › HDPE lined, built to LOM design › BI
Slide 18: Exploration Strategy Overview
SABODALA-MASSAWA OVERVIEW EXPLORATION STRATEGY OVERVIEW Targeting near-term non-refractory and longer-term refractory deposits DISCOVERY TARGET 2.3-2.7 Moz $26/oz 1 (2021-2025) Indicated resources Discovery cost 1 Exploration Strategy 1 Niakafiri Koulouqwinde Near-term Mamasoto 2 /Kiesta /Bambaraya
Slide 19: Our ESG Highlights
SABODALA-MASSAWA OVERVIEW OUR ESG HIGHLIGHTS Being a trusted partner and delivering strong ESG performance ENVIRONMENT HIGHLIGHTS SOCIAL HIGHLIGHTS GOVERNANCE HIGHLIGHTS › Decarbonisation strategy includes 37 › Building resilient local communities by › Strong safety culture, with 3.5m hours LTI MWp
Slide 20: Our Presence in Senegal
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Slide 21: Senegal in Context
OUR PRESENCE IN SENEGAL SENEGAL IN CONTEXT A stable growing economy “Senegal, has a reputation as one of the most stable countries in Africa, historically dependent on agriculture, the growing natural resources sector, with offshore natural gas discoveries advancing towards production, is expected t
Slide 22: Natural Resources in Senegal
OUR PRESENCE IN SENEGAL NATURAL RESOURCES IN SENEGAL Offshore petroleum driving GDP growth Grand Tortue gas field BP and Kosmos in partnership to develop 15tn cubic feet of potential LNG reserves INSIGHTS › Gold mining is currently Senegal’s largest natural Yakaar Teranga gas field resource export m
Slide 23: Gold Mining in Senegal
OUR PRESENCE IN SENEGAL GOLD MINING IN SENEGAL The edge of the Birimian belt SENEGAL INSIGHTS MAKABINGUI › Gold mining is concentrated in the south-eastern part SABODALA- of the country where the Birimian greenstone belt MASSAWA occurs › Endeavour operates the largest gold mine in Senegal MAKO DIAMB
Slide 24: Alignment of Mining Conventions
OUR PRESENCE IN SENEGAL ALIGNMENT OF MINING CONVENTIONS Well-aligned mining conventions across West Africa CÔTE D’IVOIRE BURKINA FASO SENEGAL Low High Rate Low High Rate Government 0 1,000 3.00% 0 1,000 3.00% Royalty rate at 1,000 1,300 3.50% 1,000 1,300 4.00% US$/oz gold 1,300 1,600 4.00% 1,300 1,5
Slide 25: Economic Contribution to Senegal
OUR PRESENCE IN SENEGAL ECONOMIC CONTRIBUTION TO SENEGAL $581m economic contribution to Senegal in 2023 Total economic contribution YoY increase in economic INSIGHTS Dividends & Other contribution largely driven by › Endeavour has delivered just under $1.5bn in total Royalties spending on BIOX expan
Slide 26: BIOX Project Construction
BIOX PROJECT CONSTRUCTION 3
Slide 27: BIOX Plant Layout
BIOX PROJECT CONSTRUCTION BIOX PLANT LAYOUT 1.2Mtpa BIOX plant constructed in two years Reagent Store BIOX Reactors CCD Neutralisation Floatation Crushing & Stockpile Gold Room BIOX CIL Gravity Grinding 27
Slide 28: Project Construction Strategy
BIOX PROJECT CONSTRUCTION PROJECT CONSTRUCTION STRATEGY Built on schedule, on budget, with zero lost-time injuries › In-house projects construction team has a proven track Key project risks Mitigation record with 5 projects built in West Africa within past 10 years Cost escalation Commit early on cr
Slide 29: Project Planning and Execution
BIOX PROJECT CONSTRUCTION PROJECT PLANNING AND EXECUTION Proven in-house projects team and long-standing partnerships Project partners Growth Capex breakdown PFS – DFS bridge EPCM Civils Capital costs, US$M Capital costs, US$M Contractor Contractor Treatment Plant 106 PFS Capex1 219 BIOX Earthworks
Slide 30: Project Supply Chain
BIOX PROJECT CONSTRUCTION PROJECT SUPPLY CHAIN Leveraging platform in West Africa INSIGHTS 2-3 weeks › Integrated supply chain, treasury and accounts Asia Air Freight payable function to expedite process, integrating the flow of goods, documentation, information and payment Europe › Sabodala-Massawa
Slide 31: Mining
MINING 4
Slide 32: Mine Overview
MINING – SABODALA-MASSAWA MINE OVERVIEW Multiple active mining areas provide operational flexibility Reserves and Resources by deposit Tonnage Grade Content (Mt) (Au g/t) (Au koz) Sabodala OP P&P Reserves 1,862 1.91 114 1 M&I Resources 8,093 1.64 427 Inferred Resources 2,330 1.16 87 Niakafiri East O
Slide 33: Reserves and Resources by Ore Type
PROJECT–BUILD MINING SABODALA-MASSAWA – SABODALA-MASSAWA RESERVES AND RESOURCES BY ORE TYPE Reserves and resources support 15 years of production visibility Reserves & Resources by ore-type OXIDE TRANSITIONAL FRESH TOTAL Tonnage Grade Content Tonnage Grade Content Tonnage Grade Content Content 3.5Mo
Slide 34: Mining Methods
MINING – SABODALA-MASSAWA MINING METHODS Mining fleet has capacity to move in excess of 50Mt per year INSIGHTS Haulage 100 tons 92 tons › Conventional open pit, drill and blast, load 34x 13x and haul mining operations HD785-7 777E › Owner mining and drilling › Contracted grade control drilling has b
Slide 35: Open Pit Mining Performance
MINING – SABODALA-MASSAWA OPEN PIT MINING PERFORMANCE Increased focus on Massawa deposits during BIOX ramp-up Material moved Total ore Total waste 13Mt 13Mt 13Mt 12Mt 12Mt 12Mt 12Mt 12Mt 2Mt 2Mt 2Mt 11Mt 11Mt 11Mt 11Mt 2Mt 10Mt 2Mt 1Mt 1Mt 1Mt 2Mt 10Mt 1Mt 2Mt 2Mt 1Mt 1Mt 6Mt 1Mt 11Mt 10Mt 11Mt 10Mt
Slide 36: Mine Sequencing by Deposit
MINING – SABODALA-MASSAWA MINE SEQUENCING BY DEPOSIT Increasing optionality and precision through additional grade control drilling Sabodala-Massawa long-term mining sequence 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 P&P Reserves Sabodala 1.9Mt @ 1.91g/t for 114koz Samina Reserve estima
Slide 37: Fresh Refractory Ore Mining
MINING – SABODALA-MASSAWA FRESH REFRACTORY ORE MINING Understanding the weathering profile in the Massawa Central Zone MASSAWA CENTRAL ZONE INSIGHTS › Transitional/fresh ore horizon was expected at 140m RL but was Laterite intercepted 20-30m lower at the 110-120m RL › Fresh material at Massawa Centr
Slide 38: CIL Processing
CIL PROCESSING — ie ot wi a :\ cae 5s a ‘Seni, Ih
Slide 39: CIL Processing Facility
CIL PROCESSING – SABODALA-MASSAWA CIL PROCESSING FACILITY CIL processing plant optimised to exceed nameplate capacity INSIGHTS › Sabodala-Massawa processing plant has been upgraded and optimised over successive plant expansions from 2.0Mtpa to +4.0Mtpa › Processing plant achieves approximately 94% a
Slide 40: CIL Circuit Processing Flowsheet
CIL PROCESSING – SABODALA-MASSAWA CIL CIRCUIT PROCESSING FLOWSHEET Pebble crusher Gravity concentrator Primary crushing Stockpile A SAG mill Ball mill -150+45mm Primary crushing Stockpile B Ball mill Secondary crushing Leach tanks Adsorption tanks Tailings storage Tailings thickening facility Elutio
Slide 41: CIL Plant Key Performance Indicators
PROJECT CIL PROCESSING BUILD ––SABODALA-MASSAWA SABODALA-MASSAWA CIL PLANT KEY PERFORMANCE INDICATORS Progressive increases in throughput for the last 3 years Processing physicals Q3-2024 performance impacted by strike action and maintenance activity Tonnes processed (Mt) Grade processed (g/t) Recov
Slide 42: Quarterly Production and AISC
PROJECT CIL PROCESSING BUILD ––SABODALA-MASSAWA SABODALA-MASSAWA QUARTERLY PRODUCTION AND AISC Lower grade oxide ore to CIL plant during YTD-2024 Production and AISC Production (koz) AISC (US$/oz) +1.1 106koz 105koz 103koz 96koz 96koz Moz 86koz 85koz Q1 - Q3 2024 79koz performance impacted Produced
Slide 43: Improving CIL Plant Performance
PROJECT CIL PROCESSING BUILD ––SABODALA-MASSAWA SABODALA-MASSAWA IMPROVING CIL PLANT PERFORMANCE Optimisations CIL PLANT target near, medium and long-term performance objectives ADDING HIGH-GRADE FEED › Ore mining underway at both 1 Niakafiri East 4 and 2 Kiesta C supporting higher grades in Q4 3 Ne
Slide 44: 2022 Definitive Feasibility Study CIL Physicals
PROJECT CIL PROCESSING BUILD ––SABODALA-MASSAWA SABODALA-MASSAWA 2022 DEFINITIVE FEASIBILITY STUDY CIL PHYSICALS 5-year CIL grade decline based on 2021 M&I reserves Plant throughput and grades – 2022 DFS Tonnes processed (kt) Grade processed (g/t) YTD-2024 performance has been Underground expansion
Slide 45: BIOX Processing
BIOX PROCESSING 6
Slide 46: Refractory Ore & BIOX Processing
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA REFRACTORY ORE & BIOX PROCESSING Bio-oxidation (“BIOX”) process to oxidise sulphides allowing gold to be liberated INSIGHTS Refractory gold examples › Refractory gold cannot be economically processed using CIL because gold particles
Slide 47: BIOX Plant Optimisation Initiatives
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA BIOX PLANT OPTIMISATION INITIATIVES Optimisation initiatives to drive throughput and recovery outperformance BIOX THROUGHPUT FLOAT TAILS RECOVERY ON-SITE LABORATORY IN PROGRESS COMPLETED COMPLETED › Increasing mill and floatation th
Slide 48: BIOX Processing Facility Ramp-Up
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA BIOX PROCESSING FACILITY RAMP-UP BIOX processing plant ramping up to over 1.2Mtpa INSIGHTS Sabodala-Massawa BIOX plant ramp-up › The BIOX Expansion achieved commercial production Tonnes per day, Monthly Average Nameplate Capacity on
Slide 49: BIOX Flowsheet
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA BIOX® FLOWSHEET Pebble crusher Primary crushing Refractory ore CIL Plant floatation Ball mill Gravity SAG mill concentrator Tailings thickening Counter current decantation thickeners BIOX® reactors Regrind mill Neutralization CIL Cy
Slide 50: Crushing & Grinding
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA CRUSHING & GRINDING Front end of plant outperforming design nameplate INSIGHTS › The crushing circuit is operating Gravity Circuit consistently at a capacity of >350 dry tph › The circuit consists of an apron feeder, Surge Bin Feede
Slide 51: Gravity & Floatation
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA GRAVITY & FLOATATION Increased fresh ore to support floatation ramp-up INSIGHTS Floatation Circuit › The gravity circuit is designed to process 20% of the combined discharge of the SAG and ball mills and recover about 25% of the gol
Slide 52: Bio-Oxidation Cells
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA BIO-OXIDATION CELLS BIOX ramp-up in line with expectations, achieving recoveries >95% INSIGHTS › The BIOX circuit consists of a backup reactor to store excess live BIOX material to mitigate downtime, two feed surge tanks and six agi
Slide 53: BIOX CIL Plant & Elution
PROJECT BIOX PROCESSING BUILD – SABODALA-MASSAWA – SABODALA-MASSAWA BIOX CIL PLANT & ELUTION BIOX processing plant ramping up to over 1.2Mtpa INSIGHTS › The oxidised concentrate from the CCD circuit is pumped to the BIOX CIL circuit, which consists of two pre-oxidation agitated tanks followed by six
Slide 54: Infrastructure
INFRASTRUCTURE 7
Slide 55: HFO Power Station
PROJECT BUILD – SABODALA-MASSAWA INFRASTRUCTURE – SABODALA-MASSAWA HFO POWER STATION 54MW power station can fully power operations, with +99% historical uptime HFO Expansion HFO Power Station FUEL FARM HFO PLANT HFO EXPANSION › 3,000m3 and 2,565m3 of fixed storage › 6 x 6 MW Wartsila Gensets › BIOX
Slide 56: Power Plant Expansion Construction
PROJECT BUILD – SABODALA-MASSAWA INFRASTRUCTURE – SABODALA-MASSAWA POWER PLANT EXPANSION CONSTRUCTION 50% increase in HFO power station capacity Bulk Earthworks Foundations & Concrete pouring December 2022 April 2023 Construction Activities Underway Plant successfully energised September 2023 Decemb
Slide 57: Solar Power Plant
PROJECT BUILD – SABODALA-MASSAWA INFRASTRUCTURE – SABODALA-MASSAWA SOLAR POWER PLANT Solar power plant project on track for Q1-2025 INSIGHTS › Endeavour launched the construction of a 37MWp photovoltaic (“PV”) solar facility and a 16MW battery system in Q3-2023 › The plant will significantly reduce
Slide 58: Tailings Storage Facilities
PROJECT BUILD – SABODALA-MASSAWA INFRASTRUCTURE – SABODALA-MASSAWA TAILINGS STORAGE FACILITIES In-pit tailings expected to reduce TSF expansion requirements 1.0Mt TSF1B Capacity TSF2 64Mt TSF1 Capacity TSF 1 – CIL Tailings TSF1B – BIOX Tailings TSF 2 – CIL Tailings › Unlined upstream construction ›
Slide 59: In-Pit Tailings
PROJECT BUILD – SABODALA-MASSAWA INFRASTRUCTURE – SABODALA-MASSAWA IN-PIT TAILINGS Environmental permitting approved with community engagement underway Sabodala pit mining expected to cease in 2025 ECONOMIC BENEFITS ENVIRONMENTAL BENEFITS › Reduced capital costs with over +$50m of savings on deferra
Slide 60: Exploration
EXPLORATION 8
Slide 61: Exploration Strategy Overview
EXPLORATION – SABODALA-MASSAWA EXPLORATION STRATEGY OVERVIEW Targeting near-term non-refractory and longer-term refractory deposits DISCOVERY TARGET 2.3-2.7 Moz $26/oz 1 (2021-2025) Indicated resources Discovery cost 1 Exploration Strategy 1 Niakafiri Koulouqwinde Near-term Mamasoto 2 /Kiesta /Bamba
Slide 62: Discovery Track Record
PROJECT BUILD––SABODALA-MASSAWA EXPLORATION SABODALA-MASSAWA DISCOVERY TRACK RECORD Resource base continues to grow net of depletion M&I resource additions versus depletion M&I Resource at year end Cumulative Depletion +9.2Moz 10.0Moz 9.8Moz 9.3Moz 9.3Moz 9.2Moz 2.4Moz 2.7Moz 3.1Moz 3.5Moz Defined g
Slide 63: Exploration Strategy
EXPLORATION – SABODALA-MASSAWA EXPLORATION STRATEGY Focussed on high-grade targets within 40km of the processing plants Near-term CIL › Kiesta C and Niakafiri East are non-refractory oxide deposits Production boasting +2.0g/t and 1.5g/t ore and are currently being mined, ahead of plan Niakafiri West
Slide 64: Near-Term CIL Production
EXPLORATION – SABODALA-MASSAWA NEAR-TERM CIL PRODUCTON Near mine non-refractory oxide targets to support CIL plant production Near-mine non-refractory targets Niakafiri West Sabodala Plant 2Km 64
Slide 65: Near-Term Production
EXPLORATION – SABODALA-MASSAWA NEAR-TERM PRODUCTON Niakafiri West within 2km of the Sabodala processing plant 65
Slide 66: Near-Term Production
EXPLORATION – SABODALA-MASSAWA NEAR-TERM PRODUCTON Niakafiri West within 2km of the Sabodala processing plant 66
Slide 67: New Discoveries - Kawsara
EXPLORATION – SABODALA-MASSAWA NEW DISCOVERIES - KAWSARA Located 30km southeast of the Sabodala plant INSIGHTS › Kawsara is a 10km long anomaly that includes the Tama Toya Sabodala Plant 30Km targets A › The anomaly was drilled in Q1- 2024, identifying a potentially large resource with near surface
Slide 68: New Discoveries - Kawsara
EXPLORATION – SABODALA-MASSAWA NEW DISCOVERIES - KAWSARA Potentially large resource approximately 30km southeast of the Sabodala plants A A’ 68
Slide 69: New Discoveries - Kawsara
EXPLORATION – SABODALA-MASSAWA NEW DISCOVERIES - KAWSARA Potentially large resource approximately 30km southeast of the Sabodala plants B B’ 69
Slide 70: Longer Term Exploration – Massawa UG
EXPLORATION – SABODALA-MASSAWA LONGER TERM EXPLORATION – MASSAWA UG Continuation of high-grade Massawa North Zone at depth 50 70
Slide 71: ESG Impact
ESG IMPACT 9
Slide 72: Our ESG Highlights
ESG IMPACT – SABODALA-MASSAWA OUR ESG HIGHLIGHTS Being a trusted partner and delivering strong ESG performance ENVIRONMENT HIGHLIGHTS SOCIAL HIGHLIGHTS GOVERNANCE HIGHLIGHTS › Decarbonisation strategy includes 37 › Building resilient local communities by › Strong safety culture, with 3.5m hours LTI
Slide 73: Protecting Biodiversity in Senegal and Beyond
ESG IMPACT – SABODALA-MASSAWA PROTECTING BIODIVERSITY IN SENEGAL AND BEYOND Protect, reclaim and rehabilitate INSIGHTS THE GREAT GREEN WALL CHIMPANZEE PROTECTION PROGRAMME › As of 2024, biodiversity group targets are part of executive compensation plan › We ensure no mining on world heritage sites ›
Slide 74: Energy Sources - Senegal
ESG IMPACT – SABODALA-MASSAWA ENERGY SOURCES - SENEGAL Increased focus on renewables INSIGHTS › The Senegalese government has indicated it has plans to extend the national power transmission grid to the southeast and establish a rail service to Kédougou and Falémé › A proposed government owned 128 M
Slide 75: Improving Livelihoods in Sabodala
ESG IMPACT – SABODALA-MASSAWA IMPROVING LIVELIHOODS IN SABODALA Community projects implemented by the mine and our Foundation INSIGHTS › We work in partnership with Sabodala-Massawa invested $2.2 million in community investments in 2023, government, local communities and SOCIAL across health, educat
Slide 76: Our Workforce
ESG IMPACT – SABODALA-MASSAWA OUR WORKFORCE Strong commitment to growing local and diverse talent INSIGHTS WORK FORCE COMPOSITIONl › Our ultimate goal is to hire as close to 100% of our operational workforce directly from the country in which our mines are located › This not only brings significant
Slide 77: Health and Safety
ESG IMPACT – SABODALA-MASSAWA HEALTH AND SAFETY Strong safety culture with zero LTIs throughout the BIOX project construction LTIFR and hours worked INSIGHTS LTM Hours worked (millions) LTIFR (12 month trailing basis)1 › During the construction of the BIOX® expansion, we had a significantly higher l
Slide 78: Appendix – Sabodala-Massawa
APPENDIX – SABODALA-MASSAWA 10
Slide 79: Quarterly Operating Data
APPENDIX – SABODALA-MASSAWA QUARTERLY OPERATING DATA Q4 23 Q1 24 Q2 24 Q3 24 Operating Data Total tonnes mined - OP (kt) 11,319 10,447 10,130 10,438 Total ore tonnes - OP (kt) 1,884 1,346 1,491 1,282 Tonnes of waste mined - open pit (kt) 9,435 9,102 8,639 9,156 Open pit strip ratio (W:t ore) 5.01 6.
Slide 80: Annual Operating Data
APPENDIX – SABODALA-MASSAWA ANNUAL OPERATING DATA FY 21 FY 22 FY 23 Operating Data Total tonnes mined - OP (kt) 40,933 49,259 45,943 Total ore tonnes - OP (kt) 6,603 6,449 6,205 Tonnes of waste mined - open pit (kt) 34,330 42,810 39,738 Open pit strip ratio (W:t ore) 5.20 6.64 6.40 Total tonnes mill
Slide 81: Quarterly Financial Data
APPENDIX – SABODALA-MASSAWA QUARTERLY FINANCIAL DATA Q4 23 Q1 24 Q2 24 Q3 24 All-in Costs Mining costs - OP 29.4 30.0 31.4 31.4 Processing and maintenance 16.1 17.0 21.0 21.9 Site G&A 9.9 10.4 10.9 11.1 Capitalized waste (5.2) (4.3) (8.5) (10.8) Inventory adjustments and other - (13.8) (6.1) 8.3 Non
Slide 82: Annual Financial Data
APPENDIX – SABODALA-MASSAWA ANNUAL FINANCIAL DATA FY 21 FY 22 FY 23 All-in Costs Mining costs - OP 103.2 109.6 118.9 Processing and maintenance 44.5 60.4 62.3 Site G&A 25.8 35.3 39.9 Capitalized waste (15.1) (27.7) (33.4) Inventory adjustments and other (8.2) (9.4) (14.1) Non-cash operating costs 59
Slide 83: Executive Management Team
APPENDIX – SABODALA-MASSAWA EXECUTIVE MANAGEMENT TEAM Ian Cockerill Guy Young Djaria Traore Martin White Guénolé Pichevin CEO CFO EVP Operations & ESG EVP & Chief Technical EVP Strategy & Business • Joined in 2024 as CEO and in 2022 • Joined in 2023 • Joined Endeavour in 2019; Officer Development as
Slide 84: Contact Us
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 84