Construction Update at Yanfolila Gold Project

RNS Number : 1534P

Hummingbird Resources PLC

15 November 2016

 

Ticker: HUM / Index: AIM / Sector: Mining

15 November 2016

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

Construction Update at Yanfolila Gold Project in Mali

Hummingbird Resources (AIM: HUM), is pleased to announce that construction of the Company's flagship 2.2Moz Yanfolila Gold Project in Mali continues on schedule and on budget following the initial concrete pour on 20 October 2016.

The Company is pleased to make available updated imagery from the project, which can be viewed at http://hummingbirdresources.co.uk/gallery/.

**ENDS**

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]

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 ("MAR").

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 132,000ozs 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.

 

END

 

 

NRAUSORRNRAAAUA