Current Opening Statement on the Website ADUMBI CLOSING IN ON A PEA* AND 5 MILLION OUNCES OF RESOURCES
Loncor’s Adumbi deposit is targeting a PEA within Q4 2021, and close to 5 million ounces of resources at a similar time. The total Adumbi resource currently stands at 3.5M ozs (including two satellite deposits). Given Adumbi’s open pit inferred resource grade of 2.37g/t we believe the PEA should offer unit costs similar to the nearby Kibali mine, the lowest cost African mine Barrick controls. READ MORE