Loncor Gold is developing a gold project in the Northeast of the DRC, 220 kms from Africa’s largest gold producer, the Barrick managed Kibali mine. Key management have had 25 years of exposure to the DRC. Ongoing drilling is focused on expanding the high-grade 3.66M oz Adumbi resource towards 5m ozs. In December 2021 a PEA on Adumbi produced an NPV@5% of US$624M after tax using US$1600/oz, (extrapolated to +/-US$2BN at current metal prices). Loncor’s market cap is approximately US$60M!
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