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 resources through focused drilling at the Adumbi deposit. Loncor’s attributable resources currently stand at 2.67 million ounces of inferred and 0.6 million ounces of indicated gold 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 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.