Sprott Global Resource Investments

Site Visits

Endeavour - Agbaou, central Cote d'Ivoire - May 2015

Andrew Jackson visited Endeavour Mining's Agbaou mine in central Cote d'Ivoire on May 18/19, 2015. The mine is 200 km from Abidjan, a 3.5 hour drive, mostly along good paved roads.  Agbaou is owned 85% by Endeavour, 10% by the government and 5% by SODEMI, the state mining company.

The deposit is a typical Birimian shearzone-hosted gold deposit.  The mine consists of multiple open pits and commercial gold production began in January 2014.  Gold production for 2015 is forecast to be 150,000-155,000 oz.  Current reserves allow for a 7 year mine life, but this is likely to be extended with ongoing exploration.

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The foregoing discussions are a result of site visits and are not to be construed as a recommendation, an endorsement or as investment advice. Sprott Global Resource Investments Ltd, entities that it controls, family, friends, employees, associates, and others may hold positions in these securities, may recommend them to clients, and may sell the same at any time.

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