Ore Commissioning Commenced at Yanfolila

RNS Number : 4243Z

Hummingbird Resources PLC

15 December 2017

 

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

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

Ore Commissioning Commenced at Yanfolila

Hummingbird Resources (AIM: HUM) is pleased to announce that ore commissioning has commenced at the Yanfolila Gold Mine in Mali ("Yanfolila" or "the Project").

Highlights:

·    Introduction of ore to the mill and the carbon in leach ("CIL") process plant from the run-of-mine ("ROM") pad stockpile has commenced

·    First gold production expected before the end of December

·    Commercial ramp up during Q1 2018 with a target of delivering c.130,000 ounces of gold during the first full year of production

Dan Betts, CEO of Hummingbird, commented: 

"Ore commissioning represents the final step ahead of first gold production at Yanfolila. Everybody on site is totally focused on a smooth ramp up of the plant as we look to move into the production phase.  This is a key transitional moment for Hummingbird, transforming the Company from a developer to a producer.  Our first year's production is expected to be around 130,000oz of gold, which is projected to generate around US$70m of free cash flow at a US$1,250 gold price.  I look forward to reporting news of our first gold pour in the very near future."

Please click on the following link to see recent pictures and videos from Yanfolila: 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 Wadham 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.

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 132,000oz of first full year's production. 

 

END

 

 

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