Core Viewpoint - Shengton Mining plans to acquire all issued shares of Canadian company Loncor for approximately CAD 261 million (around RMB 1.35 billion) through its wholly-owned subsidiary in Canada, enhancing its gold resource reserves and operational performance [2][3]. Group 1: Acquisition Details - The acquisition price is set at CAD 1.38 per share, with the total transaction amount being approximately CAD 261 million [2]. - The funding for the acquisition will come from the company's own or raised funds [2]. - Upon completion of the transaction, Shengton Mining will hold 100% equity in Loncor, gaining control over the Adumbi gold project located in the Democratic Republic of Congo [2]. Group 2: Asset Overview - Loncor's core asset is the Adumbi gold project, which has significant resource potential and favorable development conditions [2]. - According to a preliminary economic assessment report from December 2021, the Adumbi gold project has a controlled resource of 1.88 million ounces of gold, with an ore resource of 28.185 million tons and an average grade of 2.08 grams per ton [2]. - The inferred resource is estimated at 2.09 million ounces of gold, with an ore resource of 22.508 million tons and an average grade of 2.89 grams per ton [2]. Group 3: Development Conditions - The Adumbi gold mine is located in the Ituri rainforest, with relatively simple hydrological, geological, engineering, and environmental conditions [3]. - The shallow ore bodies (above +400m) are suitable for open-pit mining, while deeper ore bodies are suitable for underground mining [3]. - There are no adjacent mining rights or permanent structures within a 300-meter radius of the mining area, providing a favorable development environment [3]. Group 4: Strategic Importance - The acquisition is a significant step for Shengton Mining in its international development strategy and resource reserve expansion [3]. - The company has identified the development of its gold business as a key strategic direction, and this transaction is expected to substantially enhance its gold reserves and solidify the foundation for its gold business [3].
盛屯矿业拟13.5亿元收购非洲金矿