LN Chart by TradingView

Business Description

Loncor Resources Inc. is a gold exploration company focused on projects on the Ngayu Belt in the DRC. The company is looking to increase its gold resource through a fully funded drilling program, followed by a potential scoping study in 2021 at the 84.68% owned Adumbi deposit. Loncor’s total attributable resource currently stands at 2.7M ozs (29.17Mt @ 2.80g/t) of inferred and 0.6M ozs (2.21Mt @8.66g/t) of indicated resources; the resource also includes the 100% owned future drill target at Makapela. Additionally, Barrick Gold is fully funding up to feasibility a Joint Venture with Loncor on over +/-2 000km2 of Loncor’s Ngayu ground.

Website https://loncor.com/

FRC Analyst's Reports

Loncor Gold Inc. (TSX: LN / OTCQX: LONCF / FSE: LO51) – Similarities to Barrick’s Project Should Attract M&A/JV Partners – Resuming Coverage Sep. 1, 2022
Loncor Resources Inc. (TSX: LN / OTCQX: LONCF / FSE: LO51) -JV with Barrick and Two Gold Projects with Resources in the DRC – Introductory Report Sep. 22, 2020

This company was mentioned in the following "Analysts’ Ideas Of The Week":

Investors are also interested in these companies: