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EUR 93.41 For Business Accounts Only

Loncor Gold Inc. (TSX: LN / OTCQX: LONCF / FSE: LO51) – Similarities to Barrick’s Project Should Attract M&A/JV Partners – Resuming Coverage

Fundamental Research Corp has issued a report entitled “Similarities to Barrick’s Project Should Attract M&A/JV Partners – Resuming Coverage” and dated September 1, 2022. The full report is now at
Underlyings
Angling Direct

Angling Direct is engaged in specialist fishing tackle retailing in the U.K. Co. sells fishing tackle products and related products through a network of 15 Angling Direct retail stores located in the U.K. and also online via its own website (www.anglingdirect.co.uk) and other third party websites. Co. has sold over 21,500 fishing tackle products, including capital items, consumables, luggage and clothing. Co. also owns and sells fishing tackle products under its own brand 'Advanta®'. Co.'s retail stores are located in Sheffield, Lincoln, Wroxham, Norwich, Beeccles, Colchester, Clemsford, Waltham Cross, Rayleigh, Reading, Crayford, Sittingbourne, Ashford, Willenhall and Halesowen.

Barrick Gold Corp.

Glencore plc

Glencore is engaged as a natural resource companies. Co. is organized and operates on a worldwide basis in three main business segments: Metals and minerals, which comprised of zinc, copper, lead, alumina, aluminium, ferroalloys, nickel, cobalt and iron ore; Energy products, which comprised of crude oil, oil products, steam coal and metallurgical coal; and Agricultural products, which comprised of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar supported by investments in storage, handling, processing and port facilities.

LONCOR GOLD INC

Newmont Corporation

Newmont is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana. The company is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions; North America, South America, Australia, Africa and Nevada.

Perseus Mining

Perseus Mining is engaged in the mining operations and the sale of gold, mineral exploration and gold project evaluation and development in the Republics of Ghana, Cote d'Ivoire and Burkina Faso, in West Africa.

Resolute Mining Limited

Resolute Mining is a gold mining company. Co. is engaged in gold mining, and prospecting and exploration for minerals. Co.'s projects include: Syama Gold Mine (Syama), located in the south of Mali, West Africa; Ravenswood Gold Mine (Ravenswood), located in Queensland, Australia; and Bibiani Gold Project (Bibiani), located in Ghana. As of June 30 2016, Co. had an 80% interest in Syama, 100% interest in Ravenswood, and 90% interest in Bibiani.

Zijin Mining Group Co. Ltd. Class A

Zijin Mining Group Company Limited is a China-based company principally engaged in the exploration, mining, smelting and sales of gold and other metal minerals. The Company's main products include gold products, copper products, lead and zinc products, iron products, silver products, among others. Its gold products mainly include the mineral gold, standard gold bullions, gold ingots and gold concentrates, among others. The Company is also involved in the geographic survey businesses through its subsidiaries.

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Fundamental Research
Fundamental Research

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Analysts
Sid Rajeev

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