Kouroussa Gold Mine Commissioning Update

Hummingbird Resources PLC

22 May 2023

 

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

22 May 2023

Hummingbird Resources plc

("Hummingbird" or the "Company")

Kouroussa Gold Mine Commissioning Update

Ore is introduced to the circuit and enters the Hot Commissioning phase

Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM) is pleased to announce the start of the hot commissioning phase at the Kouroussa gold mine in Guinea, the next step being first gold pour, which is expected within this quarter, Q2 2023.

Phase one of testing the processing plant's mechanical, electrical and overall functionality has performed per design, allowing next phase, hot commissioning to begin. First ore was introduced to the one million tonne per annum ("Mtpa") plant at Kouroussa on 20 May 2023.

Video footage of Kouroussa commissioning will be available on the Company's website soon via this link here. 

Dan Betts, CEO of Hummingbird, commented:

"The commissioning phase of the Kouroussa mine is performing well and reached another important milestone with the commencement of the hot commissioning phase, ahead of the first gold pour.  While commissioning of the plant continues and nears its final stages, our operations team is preparing Kouroussa to become fully operational with the intention to reach commercial and name plate production in the second half of 2023."  

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production when in production, scheduled for first gold pour Q2 2023. Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited. The final feasibility results on Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year capex payback period once in production, and a 14-year life of mine at a low AISC profile. Our vision is to continue to grow our asset base, producing profitable ounces, while central to all we do being our Environmental, Social & Governance ("ESG") policies and practices.

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

Daniel Betts, CEO Thomas Hill, FD Edward Montgomery, CD	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer	Strand Hanson Limited Nominated Adviser	Tel: [phone]
James Asensio Gordon Hamilton	Canaccord Genuity Limited Broker	Tel: [phone]
Bobby Morse Oonagh Reidy George Pope	Buchanan Financial PR/IR	Tel:  [phone] Email: [e-mail]

 

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