Banro Corp. fka BAA

[StockItOut]

Banro lists Lugushwa with 4.26 M Indicated and Inferred ounces, as of Dec. 31st, 2015.
Specifically, Oxide of .73M Indicated, and Oxide .31M Inferred.
With Transition and Fresh of 3.22M Inferred.
https://www.banro.com/operations/resources-and-reserves

Yet, the 2013 VenmynDeloitte report says Indicated is .73M oz. and Inferred 4.88M oz.
https://www.banro.com/assets/docs/reports/NI-43-101-Banro-Lugushwa-2013-15-April-13-745.pdf


Banro continuing limited exploration as well for discovery of new oxide targets:
"In order to consolidate Banro's position on the various exploration sites, some limited exploration activities were carried out in 2015 using small teams focused on generating new oxide targets in Lugushwa and Kamituga. At Namoya, exploration drilling activities focused on near mine resource upgrade and target generation activities. The primary objective was to upgrade Inferred Resources within the Namoya Summit-Filon B reserve pit into a higher confidence resource for conversion into mineral reserves. In addition, near mine oxide resources were defined within 5 kilometers of the Run-Of-Mine pad. At Twangiza, the focus was on the optimization of mine to mill reconciliation processes."
https://www.banro.com/news-events/news-releases/banro-announces-reserve-growth-of-9-to-318-million-20160419