Appointment of General Manager for Yanfolila, Mali

RNS Number : 6051X

Hummingbird Resources PLC

23 February 2017

 

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

23 February 2017

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

Appointment of General Manager for Yanfolila Gold Project

Hummingbird Resources plc (AIM: HUM), is pleased to announce it has appointed Mr. Kevin Moxham as General Manager for the Yanfolila Gold Project ('Yanfolila') in Mali.

Mr. Moxham is a professional engineer with over 30 years' experience in the effective management and commissioning of mining projects in jurisdictions including Ghana, Eritrea, Tanzania and South Africa.

Mr. Moxham was most recently General Manager and Head of Operations at Newmont Golden Ridge Ltd.  Whilst in this role, he oversaw commissioning and production of the 9mtpa Akyem Gold Mine ('Akyem') in Ghana.  Akyem was ranked the best company by the Ghana Club 100 and was awarded the best mine in Ghana for 2014 and 2015 and the best mine in innovation and technology in 2015.  Akyem was the only mine in Newmont's history to achieve more than 400 days of zero lost time injuries.  Prior to this, Mr. Moxham was Executive General Manager at Bisha Mining Share Company in Eritrea where he successfully managed the construction, commissioning and operations at the 1.8mtpa gold plant and the 2.4mtpa copper plant.  Mr. Moxham also held several senior roles at the Barrick Gold Corporation, Gold Fields Ltd ('Global head of engineering'), Lonmin Platinum Mines and Anglo American.

Dan Betts, CEO of Hummingbird Resources, said: "The appointment of a GM to join the team is a crucial appointment for Hummingbird.  It is no exaggeration to say that we have searched extensively for the candidate who we believe demonstrates the right blend of skills, commitment and chemistry to join our team.   Also to look beyond the immediate focus of constructing and commissioning of Yanfolila towards our further ambitions of operating of a world class project, and building a world class gold mining company.  As a Board, we believe that to have attracted somebody of Kevin's experience speaks volumes about the quality of the Yanfolila Gold Project and the character of the existing Hummingbird team.  We welcome Kevin on board."

Please click on the following link to see recent pictures and videos of construction http://hummingbirdresources.co.uk/gallery/. This page will continue to be updated regularly.

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

Daniel Betts Thomas Hill Robert Monro	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer James Bellman	Strand Hanson Limited Nominated & Financial Adviser	Tel: [phone]
Jon Belliss	Beaufort Securities Limited Broker	Tel: [phone]
Lottie Brocklehurst Susie Geliher	St Brides Partners Ltd Financial PR/IR	Tel: [phone]

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 for over US$70m of free cash flow at a US$1,250 gold price. 

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.

 

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