In addition to the Twangiza and Namoya mines, Banro has two other key projects, which lie along the Twangiza-Namoya gold belt. Lugushwa has an Indicated Mineral Resource of 0.73 million ounces of gold in close-to-the surface oxide formation and an Inferred Mineral Resource of 3.53 million ounces of gold. Exploration is ongoing at Lugushwa with the objective of increasing the oxide resource. Plans include a preliminary economic assessment to be completed in 2016.
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