Pasofino Gold Announces New CEO

Hummingbird Resources PLC

02 December 2024

 

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

02 December 2024

Hummingbird Resources plc

("Hummingbird", the "Group" or the "Company")

Pasofino Gold Announces New Chief Executive Officer

Hummingbird Resources plc (AIM: HUM) is pleased to note the following update from Pasofino Gold Limited ("Pasofino") with the appointment of Brett A. Richards, as Chief Executive Officer with immediate effect.

With over 37 years of experience in the mining and metals industry, Mr. Richards brings a wealth of expertise to support Pasofino's strategic goals. He is an accomplished mining executive with a strong track record in operational management, project development, construction, and corporate business development. Throughout his career, Mr. Richards has held several CEO positions in West Africa and led the construction and commissioning of three mines, two of which are located in West Africa and one in the Democratic Republic of Congo.

Mr. Richards most recently served as CEO of Goldshore Resources, where he remains a director and significant shareholder. He also holds directorships with Nickel 28 Capital Corp. and Midnight Sun Mining.

In conjunction with his appointment, Pasofino has granted Mr. Richards 1,000,000 incentive stock options under the Long-Term Incentive Plan. The options have an exercise price of $0.60 per option, are valid for a term of 18 months from the date of grant and will vest in equal installments over a 12-month period.

Warren Greenslade will revert to General Manager of the Dugbe Gold Project, based in country and at site. Mr. Greenslade has announced his intention to resign from the Company, effective 31 January 2025, to pursue other opportunities, and will work through a transition and handover over the forthcoming two months. 

Chairman of Hummingbird & Pasofino, Dan Betts, stated:

"The Pasofino board of directors is pleased to make the announcement of the appointment of Brett Richards as its Chief Executive Officer.  Brett joined the Pasofino board back in October 2024, to assist in leading the company, and it is now important to appoint him to lead all matters in this regard.  The board is eager to provide its full support to Brett over the coming months to achieve its objectives".

Chief Executive Officer Brett A. Richards stated:

"I am pleased to be named CEO of Pasofino, so we can move the company forward in a progressive and constructive manner. On behalf of the Pasofino board of directors, we would like to thank Warren for his service and wish him well in his new endeavors".

Further details can be found in the announcement by Pasofino via the following link - www.pasofinogold.com

**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 once at commercial production. 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:

Geoff Eyre, Interim 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 Charlie Hammond	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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