Last checked at 11 Mar 2014 11:55
Hummingbird Resources plc
("Hummingbird Resources" or the "Company") (AIM: HUM)
BLOCK LISTING SIX MONTHLY RETURN
Hummingbird Resources plc ("Hummingbird" or the "Company") today announces the following update relating to its block admission of shares to be issued to certain option holders upon the exercise by such option holders of options granted pursuant to the Company's share options schemes:
Name of company: | Hummingbird Resources plc
|
Name of schemes: | The Hummingbird Resources plc - Unapproved Share Option Scheme, the Hummingbird Resources Limited EMI Share Option Plan 2010, and other share options
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Period of return: | From: 16 September 2013 To: 12 March 2014
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Balance under the schemes of securities not issued at the beginning of the period subject to the block admission:
| 3,822,500 ordinary shares |
Number of securities issued under the schemes during the period:
| Nil ordinary shares |
Number of securities lapsed under the schemes during the period:
| 718,000 ordinary shares |
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:
| 5,453,500 ordinary shares |
Number and class of securities originally admitted and the date of admission:
| 4,385,000 ordinary shares were admitted on 21 March 2012 and a further 2,349,000 ordinary shares are expected to be admitted on 12 March 2014. The total number of ordinary shares admitted in respect to its block admission as detailed above are therefore 6,734,000
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Name of contact:
| Thomas Hill, Company Secretary |
Telephone number of contact: | +44 (0) 203 416 3560 |
Enquiries:
Hummingbird Resources plc
Daniel Betts, Chief Executive Officer
Thomas Hill, Finance Director
Robert Monro, Head of Business Development +44 (0) 203 416 3560
Cantor Fitzgerald Europe
Nominated Adviser and Broker
Stewart Dickson/ Tom Sheldon/
Jeremy Stephenson +44 (0) 207 894 7000
FTI Consulting LLP
Financial PR
Ben Brewerton / Oliver Winters +44 (0) 207 831 3113
Notes to Editors
About Hummingbird Resources Plc
Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Company and its subsidiaries (the "Group") has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia. The Group has published a PEA on its project showing on a 3.5Mtpa tank leach operations an NPV of US$337m on a Capex of US$212m for an IRR of 43.4%. This gives a payback period of 3 years and is based on a 10% discount rate and US$1,500 gold price (three year average gold price at time of release).
The Group has recently published a Mineral Resource estimate for the Tuzon deposit constrained within a US$1,500 pit shell and using a 0.5 g/t cut off grade comprising of 37.6 Mt at an average grade of 1.27 g/t for 1.54 Moz of gold under the 2004 Edition JORC code. The Group has also published a NI43-101 compliant Inferred Resource on its Dugbe F deposit of 43.01 million tonnes at 1.28 g/t Au to give 1,764,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade.
In Q3 2014, the Group is due to release a Detailed Feasibility Study and FEED. The Group's licence areas constitute a significant proportion of eastern Liberia's Birimian sequence.
For more information, please visit www.hummingbirdresources.co.uk