Loncor Gold Inc T.LN

Alternate Symbol(s): LONCF

Metals & Mining Gold

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.

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Loncor Gold Inc > African Gold Stock PEA

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Comment by nozzpackon Nov 17, 2021 1:41pm

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Post# 34137153

RE:African Gold Stock PEA

THis has now been edited to be consistent with todays resource numbers ( reduced mine life by one year ) and I have also added column for Adumbi pit assuming $1600 POG


			African PEA

Stock	NCAU	OSI	VEIN	LN	LN
Country	Ghana	Namibia	Liberia	DRC	DRC

POG( USD )	$1650.00	$1700.00	$1800.00	$1700.00	$1600.00
LOM ( Years )	11	15	14	14	14
Annual Production	99,000	124,000	188,000	250,000	250000
After Tax NPV5	$212 M	$397 m	$627 m	$1.01 B	$868 m
Capex	$97 m	$202 m	$391 m	$725 m
AISC	$1043.00	$947.00	$893.00	$700.00	$700.00

NPV/ Ounce	$192.00	$213.00	$238.00	$300.00	$249.00