Taurus Bridge Extension

RNS Number : 2532J

Hummingbird Resources PLC

08 September 2016

 

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

8 September 2016

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

Taurus Bridge Extension

Hummingbird Resources plc (AIM: HUM), announces a three month extension of its US$15m bridge facility with Taurus Mining Finance Fund LP ('Taurus') to 8 December 2016.  The US$10m bridge facility was originally announced on 11 August 2014, was expanded to a US$15m facility on 1 September 2015, and extended by six months on 25 February 2016.

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

Daniel Betts Thomas Hill Robert Monro	Hummingbird Resources plc	Tel: [phone]
Charlie Cryer Oliver Morse	RFC Ambrian Ltd Nominated Adviser and Joint Broker	Tel: [phone]
Jon Belliss	Beaufort Securities Limited Joint Broker	Tel: [phone]
Lottie Brocklehurst Susie Geliher Hugo de Salis	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 132,000ozs 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.

 

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