Loncor Resources (LN) is advancing its Imbo project in the Democratic Republic of the Congo, located 220 km from Barrick’s Kibali mine, the largest gold mine in Africa. The project includes three open-pittable deposits, with the flagship Adumbi deposit hosting a 3.7 Moz gold resource at 2.3 g/t. A 2021 Preliminary Economic Assessment (PEA) for Adumbi returned a $600M NPV and 25% IRR at $1,600/oz gold, with significant upside potential. Loncor is trading at just 6% of its NPV, and analysts note i...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.