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2 Mar 2018 13:10
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc
("Hummingbird" or the "Company")
Statement re Broker
Hummingbird Resources (AIM: HUM) notes the announcement made today by the Financial Conduct Authority relating to the administration of Beaufort Securities Limited ("Beaufort") and Beaufort Asset Clearing Services Limited which requires Beaufort to cease all regulated activity.
Accordingly, Hummingbird confirms that Strand Hanson Limited, its Nominated Adviser, has been appointed as the Company's sole broker with immediate effect on an interim basis. The Company is running an analyst site visit during the week of 19th March and once it has considered its options will look to make a permanent appointment.
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0) 20 7409 6660 |
James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited Nominated Adviser and Broker | Tel: +44 (0) 20 7409 3494
|
Lottie Wadham Susie Geliher | St Brides Partners Ltd Financial PR/IR | Tel: +44 (0) 20 7236 1177 |
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 Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia.
Yanfolila produced its first gold pour on time and budget in December 2017 and is expected to produce approximately 107,000oz gold/year on average over the Life of Mine. Yanfolila holds Probable Reserves of 709,800oz @ 3.14g/t, total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential.
The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 29% IRR and US$186m NPV.
In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of ~5,000km2 and a 34% interest in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.
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.
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