RSG 0.81% 61.0¢ resolute mining limited

Ann: March 2024 Quarterly Activities Report, page-52

  1. 173 Posts.
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    On the exploration side let’s not forget our approx 20% holding in Loncor Gold, TSX LN, market cap around $70M.
    What a monster the Adumbi Gold, DRC Project is and only 200km from the major Barrick/AngloGold mine.
    Sitting on 3.66 m oz at 2.1 g/t Open Pit Resource with further exploration drilling now underway to expose what lies underneath. IMO Loncor also ready for a big sp hike which makes RSG investment look very healthy. Who knows a sale to a neighbour could be on the cards or it could possibly work it’s way into our hands!
    Loncor also recently picked up approx $13M after sale of non core asset so importantly well capitalised.
 
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