Loncor’s Own Resources
Move to Adumbi PEA* through 12 hole drill program
Loncor has prime deposits for themselves and is now looking to swiftly increase its own gold resource through focused drilling at the Adumbi deposit. Loncor’s attributable resource currently stands at 2.67M Ozs of inferred and 0.6M ozs of indicated resources.
* 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 1 894km2 of Loncor’s Ngayu ground plus a new similar JV agreement over 2 contiguous exploitation permits. Diamond drilling over numerous early-stage Tier 1 targets began in June 2020 as they continue to highlight the importance of the JV in looking for the next Kibali type project