SMPP Contract Signed & Steel Work at Yanfolila

RNS Number : 5456U

Hummingbird Resources PLC

19 January 2017

 

Ticker: HUM / Index: AIM / Sector: Mining

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

SMPP Contract Signed and Steel Work Arriving at Yanfolila

Hummingbird Resources (AIM: HUM), ahead of the site visit next week is pleased to announce an update from its Yanfolila Gold Project in Mali ("Yanfolila") where mine construction is currently underway with its first gold pour expected by end of 2017.

Highlights:

·   Award of Structural, Mechanical, Plate work and Piping ("SMPP")  contract at Yanfolila to IMAGRI-SARL

·    Tower crane and pre-rolled CIL tanks delivered to site

·    Dewatering bore hole drilling commenced ahead of pre-mining pit dewatering

·   Plant construction on track with planned completion in Q4 2017, ahead of first gold pour by YE 2017

·    Analyst site visit scheduled for week commencing 23 January 2017

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.  

Dan Betts, CEO of Hummingbird Resources, said: "We are making great progress on the ground and as a result we remain on schedule to deliver our first gold by the end of the year.  We are delighted to have appointed IMAGARI-SARL for the important SMPP contract having already seen their excellent results from the civil works on site.  Steel work has started to arrive at Yanfolila and we are looking forward to seeing the CIL tanks being assembled in the near future.  In the mean time we look forward to welcoming a number of mining analysts and investors on site at Yanfolila next week at this exciting time for Hummingbird."

Further Information:

IMAGRI-SARL has been awarded the Structural, Mechanical, Plate work and Piping ("SMPP") installation contract for Yanfolila under the supervision of SENET.

Much of the mechanical equipment has now been ordered and many items are now being shipped to site.  The tower crane, which will be used to help construct the plant and later maintain the plant when in operation, is now on site along with pre-rolled sections of the Carbon-in-Leach ("CIL") tanks.  The erection of these items is due to commence imminently.

To facilitate the mining, the drilling of the pit dewatering bores has commenced and the pit dewatering is scheduled to start in Q2 2017.

The construction of the plant is progressing with a planned completion date of Q4 2017.

**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]

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. 

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

 

 

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