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22 May 2017 07:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
22 May 2017
Hummingbird Resources plc ("Hummingbird" or "the Company")
Construction Update: Ball Mill on Site
Hummingbird Resources (AIM: HUM) is pleased to announce a construction update from the Company's Yanfolila Gold Project in Mali ("Yanfolila").
Highlights:
· Ball mill delivered to site at Yanfolila following shipment from Europe
· Contract mining fleet arriving on site
· Pre-production mining due to commence in Q3 2017
· All aspects of construction continue to progress on time and on budget with first gold pour due before the end of 2017
Please click on the following link to see recent pictures and videos of construction: http://hummingbirdresources.co.uk/gallery/.
Dan Betts, CEO of Hummingbird, commented:
"As the longest lead item, the delivery of the ball mill to site is a significant milestone for Hummingbird and further de-risks the delivery of the project's critical path. Construction is progressing well, and I would like to thank our operations team and our construction partners for their continued hard work and dedication on site."
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0) 20 3416 3560 |
James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited Nominated & Financial Adviser | Tel: +44 (0) 20 7409 3494
|
Jon Belliss | Beaufort Securities Limited Broker | Tel: +44 (0) 20 7382 8300 |
Lottie Brocklehurst Susie Geliher | St Brides Partners Ltd Financial PR/IR | Tel: +44 (0) 20 7236 1177 |
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 the 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.
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