07:00 Fri 16 Feb 2018
Hummingbird Res. - Yanfolila Ramp-Up and Exploration Update
("Hummingbird" or the "Company")
Ramp-up on track and exploration programme commenced at
Production Update
Since first gold was poured on
Total gold recovered to date is 10,737 ounces of which 5,483 ounces has been shipped to refiners.
In this first period of operations the plant was processing ore from the lower-grade stockpiles, in order to ensure plant performance and gold recovery were satisfactory before increasing the head grade. Now that the plant is running close to name-plate capacity and recoveries remain consistently high; higher-grade ore is increasingly being introduced to the plant.
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Tonnes Milled (dry) |
147,997 |
Current throughput (T/Hour) |
139 |
Current throughput (% design) |
90% |
Gold Recovery 1 |
96% |
Gold Poured |
6,238oz |
Gold In Circuit |
4,499oz |
Total Gold Recovered |
10,737oz |
1 Recovery calculations based on gold lost to tailings
Exploration Update
The 2018 exploration programme at Yanfolila has commenced with the focus being on the conversion of indicated and inferred resources to mineable reserves. The Company has over 1 million ounces of resources outside the mine plan which the Company is targeting for conversion into reserves. It is the Company's intention to spend in the region of
His Excellency Mr.
"I am pleased that activity on site is steadily progressing as per the ramp-up schedule and we are on track to achieve name plate capacity from the plant by the end of Q1 2018.
"I am particularly happy to report on the technical performance of the plant, with recoveries over 95% already and a solid performance of the milling circuit. This stands us in good stead as we continue to ramp up the performance of the operation."
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
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Tel: +44 (0) 20 7409 6660 |
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Strand Nominated & Financial Adviser |
Tel: +44 (0) 20 7409 3494
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Broker |
Tel: +44 (0) 20 7382 8300 |
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Susie Geliher |
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.
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