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Endeavour Increases its Stake in the Fetekro Project; Pre-Feasibility Study On Track for Q1-2021


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PRE-FEASIBILITY STUDY ON TRACK FOR Q1-2021
Increased stake from 65% to 80%  ·  PFS to be based on 3Mtpa  ·  Mining permit process well underway
Abidjan, December 21, 2020 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce that it has increased its stake in the Fetekro Project in Côte d Ivoire, ahead of a Pre-Feasibility Study ( PFS ) which is due to be published in Q1-2021.
Under the terms of the agreement, once the mining permit is granted, Endeavour will be entitled to an 80% stake in the Fetekro Project, compared to 65% currently, while SODEMI (the state-owned mining company) and the Government of Côte d Ivoire will each have a 10% stake. Endeavour will retain the full ownership of the Fetekro exploration license until such time as it is converted into a mining license. ....

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