1. Contract #c4Ly2QMt
Contract number
0126/MMG/DGMG
Date
2018-04-09
Expiration date
2032-04-10
Duration of the agreement
16 years
Comment on contract
The Ity mineral rights comprise of two mining licenses – exploitation permit PE26 (“SMI License”) and exploitation permit PE49 (“SMD License”).
The license was initially issued in April 2018 to La Mancha Côte d’Ivoire S.à r.l. (‘’LMCI’’), a wholly owned exploration subsidiary of Endeavour, and then transferred to SMD on September 10, 2018. The SMD License is valid for 14 years and thus, expires on April 10, 2032. It is then renewable for successive 10-year periods.
The SMI License expires on November 14, 2023 following its fourth renewal but is renewable again for consecutive 10-year periods (operational since 1991, not captured in the Land Matrix.