Mining Intelligence and News
Burkina Faso

Nabanga Project

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Categories

Overview

Mine TypeOpen Pit & Underground
StagePreliminary Economic Assessment
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
  • Longitudinal stoping
  • Longhole stoping
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Mine Life... Lock
SnapshotThe Nabanga project is an early-stage project hosts the Nabanga deposit, and comprises four permits, in the southwest extension of the Diapaga belt.

The Nabanga Project was acquired by Endeavour in July 2020 as part of the SEMAFO transaction. The previous owners completed a Preliminary Economic Study on the project in September 2019. The next steps are currently being determined.

Owners

SourceSource
CompanyInterestOwnership
Government of Burkina Faso 10 % Indirect
Endeavour Mining plc 90 % Indirect
The Nabanga exploration permit (also known as Nabangou and the Nabanga Permit) is registered under the name of Birimian Resources, in which the Endeavour Mining plc has a 90% equity interest with the remaining 10% reflecting a carried ownership of the GoBF.

Contractors

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Deposit type

  • Vein / narrow vein
  • Intrusion related
  • Mesothermal

Summary:

The Yactibo Permit Group straddles a major NE-trending shear separating the Youga Belt in the northwest from the Diapaga Belt in the southeast. The Nabanga deposit is located to the southeast of the shear, in the Diapaga Belt, which is the easternmost Belt in Burkina Faso.

The Diapaga Belt is dominantly comprised of metamorphosed intermediate volcanic rocks, sediments, foliated or migmatitic granite and gneiss, with less common mafic volcanic rocks and mafic-ultramafic intrusive complexes. Conglomeratic sediments are present and are mapped as Tarkwaian equivalents. Early banded or and/or foliated granitoids, which may be ascribed to the TTG Group, are also very common.

The overall strike of the Nabanga mineralized structure is NE-SW and the dip varies between 55° and 70° toward the northwest. It has an average horizontal thickness of 3.2 m. A large proportion of the high gold values are contained within the quartz vein. The mineralization is arranged as a series of shoots plunging at 45º to the NE. The mineralization is often lower-grade and/or narrower where the main zone is hosted in the amphibolite.

The Nabanga deposit is divided into the North, Central and Southern Extension Zones. A subparallel, 800 m long structure referred to as the Nabanga North Lode is present to the NW.

The main feature on the Property is the granodiorite hosting the mineralization. The intrusion is in contact on the north with an assemblage of volcanic rocks.

The weathering profile in the Nabanga deposit area is relatively shallow and the contact with the fresh rock is generally crossed at a vertical depth of 10 m to 21 m. The main lithologies encountered on the Nabanga permit consist of granodiorite, diorite, amphibolite and the quartz vein.

The gold-bearing structure at Nabanga is predominantly hosted within a magnetite-rich granodiorite intrusive that is part of the Birimian Diapaga greenstone belt. The mineralization is associated with a sheared quartz vein bracketed by a distinctive alteration halo and development of minor (<1%) pyrite. The Nabanga mineralization is manifest on surface by a NE-trending zone of shallow artisanal gold mining site that extends over a 3.5 km strike length.

The main Nabanga gold mineralization is hosted in a single structure extending over 3.5 km, but traceable over several kilometers along the strike to the southwest, beyond the limits of the surface gold workings, based on data from high resolution magnetic surveys and exploration work.

The Nabanga mineralization is considered to belong to the intrusion-hosted, epigenetic, mesothermal class of gold deposits that includes world-class deposits such as Fort Knox and Pogo (Alaska), Vasilkovskoe (Russia), Ahafo and Chirano (Sefwi Belt of Ghana).

Alternatively, the Nabanga deposit belongs to a distinct group that has been generally recognized and accepted during the last decade as a type of gold-only deposits associated with moderately reduced granodiorite-granite stocks and batholiths.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. AnnualLOM
Gold oz 70,000570,768
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Daily processing capacity 1,080 dmt *
Annual processing capacity 360,000 dmt *
Waste tonnes, LOM 14,058,323 t *
Ore tonnes mined, LOM 2,980,434 t *
Total tonnes mined, LOM 17,038,757 t *
Tonnes processed, LOM 2,980,434 t *
* According to 2019 study.

Production Costs

CommodityUnitsAverage
Total cash costs Gold USD 662 / oz *  
All-in sustaining costs (AISC) Gold USD 760 / oz *  
Assumed price Gold USD 1,300 / oz *  
* According to 2019 study / presentation.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined) USD  ....  Subscribe
UG mining costs ($/t mined) USD  ....  Subscribe
Combined mining costs ($/t mined) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
* According to 2019 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
OP/UG OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 139.1
G&A costs $M USD 39.9
Total OpEx $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 14, 2019
....................... Subscription required ....................... Subscription required Subscription required May 12, 2024
....................... Subscription required ....................... Subscription required Subscription required May 12, 2024

Total WorkforceYear
...... Subscription required 2019

Aerial view:

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