RCS - Hummingbird Res. - Construction Update at Yanfolila Gold Project <Origin Href="QuoteRef">HUMR.L</Origin>

Hummingbird ResourcesAnnouncement

15/11/2016 07:07

RNS Number : 1534P
Hummingbird Resources PLC
15 November 2016
Ticker: HUM / Index: AIM / Sector: Mining
15 November 2016
Hummingbird Resources plc ("Hummingbird Resources" or "the Company") 
Construction Update at Yanfolila Gold Project in Mali
Hummingbird Resources (AIM: HUM), is pleased to announce that construction of the Company's flagship 2.2Moz Yanfolila Gold Project in Mali continues on schedule and on budget following the initial concrete pour on 20 October 2016.
The Company is pleased to make available updated imagery from the project, which can be viewed at http://hummingbirdresources.co.uk/gallery/.
**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 ("MAR").
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. 

This information is provided by RNS
The company news service from the London Stock Exchange
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