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Hummingbird Resources PLC

Hummingbird Res. - Yanfolila Construction Video Published

RNS Number : 1911R
Hummingbird Resources PLC
20 September 2017
 

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

 

Hummingbird Resources plc ("Hummingbird" or "the Company")

 

Yanfolila Construction Video Published

 

Hummingbird Resources (AIM: HUM) is pleased to announce that it has published a new video detailing construction progress on the ground at its Yanfolila Gold Project ("Yanfolila") in Mali ahead of its targeted first gold pour by the end of 2017.  The video can be viewed on the Hummingbird website via the following link: http://hummingbirdresources.co.uk/.

 

The Company remains on budget and on target to deliver first gold by the end of 2017 with 132,000oz gold production forecast for the first full year of production at an all in sustaining cost (AISC) of US$695.

 

**ENDS**

 

For further information, please visit www.hummingbirdresources.co.uk or contact: 

Daniel Betts

Thomas Hill

Robert Monro

Hummingbird Resources plc

Tel: +44 (0)20 3416 3560




James Spinney

Ritchie Balmer

James Bellman

Strand Hanson Limited

Nominated & Financial Adviser

Tel: +44 (0) 20 7409 3494

 




Jon Belliss

Beaufort Securities Limited

Broker

Tel: +44 (0) 20 7382 8300




Lottie Brocklehurst

Susie Geliher

St Brides Partners Ltd

Financial PR/IR

Tel: +44 (0) 20 7236 1177

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

About Hummingbird Resources Plc

 

Notes to Editors

Hummingbird Resources (AIM: HUM) is building a leading gold production, development and exploration company.  The Company has two core gold projects, the near-term production Yanfolila Gold Project in Mali and the Dugbe Gold Project in Liberia.  It is currently building Yanfolila targeting first production by end of 2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential.  The high-grade gold project has low operating costs of US$695/oz AISC with 132,000oz of first full year's production. 

 

The 4.2Moz Dugbe Gold Project in Liberia provides Hummingbird with excellent development upside.  An optimisation of the DFS is on-going whilst Yanfolila is brought to production in the near-term.  Additionally, the Company has 4,000km2 highly prospective exploration ground in Mali and Liberia and is constantly evaluating new quality assets.

 


This information is provided by RNS
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