Loncor Gold is a Canadian company focused on exploration in Ngayu in the NE of the DRC. With over 5M ozs of gold under their control, Loncor is focussing on the high grade 3.66M oz Adumbi deposit. A recent study allocated an NPV(5%) of over US$1BN PAT at US$1820/oz gold on the Adumbi pit alone (underground has yet to be explored in detail), many multiples of Loncor's Market Cap. The company announced in 2022 that it was receiving strategic interest from 3rd parties.