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Cote d'Ivoire

Assafou-Dibibango Project

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Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Assafou was discovered in late 2021 at a low discovery cost, and it ranks as one of the most significant gold discoveries in West Africa over the last decade.

The Assafou project benefits from good surrounding infrastructure, including access to the 90 kV power supply within 14 km of the project and access to the A1 national road.

Endeavour Mining is advancing the Assafou Definitive Feasibility Study (DFS), with the permitting process well underway, and the DFS on track for completion by early 2026.

When built, the mine will be referred to as the Assafou-Dibibango Mine (ADM).

Owners

SourceSource
CompanyInterestOwnership
Endeavour Mining plc 100 % Indirect
THE Endeavour Mining plc via Etruscan Resources Côte d'Ivoire SARL, held 100% interest at the Assafou Project.

Contractors

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Deposit type

  • Sandstone hosted
  • Hydrothermal
  • Vein / narrow vein
  • Breccia pipe / Stockwork

Summary:

Gold deposition at Assafou is considered to be of epigenetic origin, as supported by the hydrothermal alteration features of the sandstones (silicification, pyrite), and the structural control of the mineralisation (presence of the steeply dipping Assafou fault, sheared structures, quartz veins, and breccia crosscutting the sandstone).

Gold deposition was likely coeval with the activation (or reactivation) of the ‘Assafou structure’ during a Tardi or postTarkwaian south-southwest, northeast-southwest compression phase. Mineralising hydrothermal fluids preferentially invaded the sandstones rather than the basement rocks, due to their higher initial porosity/permeability and competency (Ciancaleoni, 2022).

Mineralisation
Gold mineralisation typically occurs as tiny (<1 mm) free gold grains, said grains are:
• disseminated within pervasively altered sandstones;
• distributed along micro-fractures, crosscutting altered sandstones;
• on the edges of pyrite, or filling cracks inside pyrite; and
• at the edge of quartz veins and breccia crosscutting the sandstones. Visible gold has also been observed within this type of occurrence.

Alteration is reflected by a silicification (±albitisation) of the sandstones and by the presence of sulphides (mainly pyrite, ±chalcopyrite and traces of galena) which are disseminated in clusters within the matrix and distributed along the sandstones bedding and oblique laminations. The more intense the silicification (and presence of pyrite), the more mineralised the sandstones tend to be. At least two generations of pyrite deposition are evidenced, and gold deposition appears to post-date pyrite crystallisation (gold filling cracks inside pyrite).

In mineralised zones, host-rock is featured by a light schistosity (primarily southwest dipping) and intense fracturing, forming a network of quartz filled (carbonates) fractures up to the development of breccia. These brittle structures are interpreted to be low-angle extension and extensional-shear fractures (primarily northwest dipping and, to a lesser extent southwest dipping), resulting from a sub-horizontal northeast-southwest compression.

Mineralising hydrothermal fluids preferentially invaded the sandstones rather than the basement rocks, due to their higher initial porosity/permeability and competency, absorbing strain in a more brittle manner. Additional to the structural control (induced by Tardi or post-Tarkwaian faults, fractures, and schistosity), hydrothermal fluid flow was also likely controlled by the primary sedimentary structures of the sandstones (coarser-grained units of higher primary porosity/permeability, laminations acting as physico-chemical barriers).

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 koz 2653,853
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Annual mining capacity  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Total cash costs Gold USD  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2024 study / presentation.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
* According to 2024 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 891.6
G&A costs $M USD 299
Total OpEx $M USD  ......  Subscribe
Income Taxes $M USD  ......  Subscribe
Total Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 0% $M USD  ......  Subscribe
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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

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EmployeesContractorsTotal WorkforceYear
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Aerial view:

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