Loncor’s Own Resources
Move to Adumbi PEA* through 12 hole drill program
The flagship deposit is Adumbi with 3.15 million ounces of in-pit inferred resources at 2.37 g/t, with a PEA ongoing to assess the economics, and underground resources imminent. 5 million ounces remain a target for Adumbi.
* PEA relates to Preliminary Economic Assessment
Looking to further explore the potential of numerous targets for further discoveries, for example, ground along the Adumbi trend such as Imbo East
Looking for the next Kibali
ABX has a JV with Loncor over 2 000km2 of Loncor’s Ngayu area, covering approximately 56% of Loncor's ground under permit. Diamond drilling of numerous early-stage Tier 1 (+5M oz) targets began in June 2020, as they continue to expand and highlight the JV in looking for the next Kibali type project.