Hummingbird Resources PLC Construction Update: Ball Mill on Site (7121F)
May 22 2017 - 2:00AM
UK Regulatory
TIDMHUM
RNS Number : 7121F
Hummingbird Resources PLC
22 May 2017
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 Hummingbird Resources Tel: +44 (0) 20
Thomas Hill plc 3416 3560
Robert Monro
James Spinney Strand Hanson Limited Tel: +44 (0) 20
Ritchie Balmer Nominated & Financial 7409 3494
James Bellman Adviser
Jon Belliss Beaufort Securities Tel: +44 (0) 20
Limited 7382 8300
Broker
Lottie Brocklehurst St Brides Partners Tel: +44 (0) 20
Susie Geliher Ltd 7236 1177
Financial PR/IR
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 4,000km(2) highly
prospective exploration ground in Mali and Liberia and is
constantly evaluating new quality assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFSVEDIALID
(END) Dow Jones Newswires
May 22, 2017 02:00 ET (06:00 GMT)
Hummingbird Resources (LSE:HUM)
Historical Stock Chart
From Apr 2024 to May 2024
Hummingbird Resources (LSE:HUM)
Historical Stock Chart
From May 2023 to May 2024