Endeavour Mining’s Agbaou construction continues on schedule

To date, approximately 62% of the $159 million construction cost budget has been committed, with $45 million spent and the project is 52% physically complete overall. All major contracts, including the EPCM contract with Lycopodium and mining contract with BCM International, have been finalized and are within the cost estimates of the June 2012 feasibility study.

The company reports that major component deliveries for the SAG and Ball Mills are on schedule and the camp construction is nearly complete, with approximately 900 workers now on-site.

Preparations for connection to the power grid are well advanced, with transformer delivery expected in July 2013 and overhead power line contractor mobilised. Construction of the high voltage sub-station commenced on the 1st of March.

An 8 km access road was completed within the June 2012 feasibility estimate and a tailings storage facility (TSF) and water storage dam (WSD) construction is proceeding well, with embankments being raised, grading and compacting ongoing.

Endeavour has begun recruiting key operations personnel.