Deal #8733 Version #84011

Sabodala Lot-A 245.6 square km (also Sabodala Perimeter), Sabodala Lot-B 45.6 square km (also Gora Perimeter). Exploration permits in surrounding area. The Sabodala Mining Concession, located at 13°11'5"N latitude, 12°6'45"W longitude, was originally granted on May 2, 2007 pursuant to a Mining Agreement (the “Sabodala Mining Agreement”) executed on March 23, 2005. On April 7, 2015, the Sabodala Mining Agreement was amended and restated to reflect the incorporation of a larger mining concession area. This included the adjacent and former Golouma mining concession, and the Gora project area that had been elevated from an exploration permit into a mining concession. On July 29, 2015, a Presidential Decree was issued confirming the perimeters for the new Sabodala Mining Concession comprised of a total area of 245.635 km2 (the Sabodala Perimeter) and 45.6 km2 (the Gora Perimeter), to be collectively referred to as the Sabodala Mining License. The dimensions of the current mining concession are approximately 23 km north-south by 11 km east-west within the Sabodala Perimeter and approximately 10 km by five km within the Gora Perimeter.

In 2021 Endeavour purchased Teranga

Open pit mining commenced in the Sabodala pit in 2009 and continued until halted in June 2015. Additional open pit mining started at Masato in September 2014 and at Gora in July 2015. Mining of the Masato Phase 1 pit was completed in March 2016 and the Masato Phase 2 pit was completed in January 2016. Mining commenced at Golouma South and Kerekounda in 2016, and at Golouma West in 2017. In 2018, mining commenced at Koulouqwinde and at the last phase of Sabodala. Mining was completed at Gora and Golouma South in 2018, and at Kerekounda and Koulouqwinde in 2019. Mining at Maki Medina commenced in 2019. Sabodala, Golouma West, and Maki Medina mining is ongoing. Mining of the last phase at Masato will commence in future.