Offtake Agreement will substantially Reduce Initial Capex Cost optimization process continues. The Adumbi open pit at its base is open laterally Just a single drill hole there and that intersected greater than 3 gms per ton. So a few drill holes confirming these grades would steepen the slopes of the pit, reducing the strip ratio to very modest levels.
Secondly Loncor is already in discussion with potential power suppliers with experience in the DRC to project finance and build a hydroelectric facility at Adumbi, and then have an offtake agreement with the Company to supply power for the mining operation.
Initial capex would be substantially reduced.
A short hiatus here while they seek JV partners with the right deal..