REG - Hummingbird Res. - Kouroussa Gold Mine Commissioning Update

Hummingbird ResourcesAnnouncement

22/05/2023 07:00

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RNS Number : 1130A  Hummingbird Resources PLC  22 May 2023

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

 

22 May 2023

Hummingbird Resources plc

("Hummingbird" or the "Company")

Kouroussa Gold Mine Commissioning Update

Ore is introduced to the circuit and enters the Hot Commissioning phase

Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM) is
pleased to announce the start of the hot commissioning phase at the Kouroussa
gold mine in Guinea, the next step being first gold pour, which is expected
within this quarter, Q2 2023.

 

Phase one of testing the processing plant's mechanical, electrical and overall
functionality has performed per design, allowing next phase, hot commissioning
to begin. First ore was introduced to the one million tonne per annum ("Mtpa")
plant at Kouroussa on 20 May 2023.

 

Video footage of Kouroussa commissioning will be available on the Company's
website soon via this link here
(https://www.hummingbirdresources.co.uk/media/#corporate-videos) .

Dan Betts, CEO of Hummingbird, commented:

"The commissioning phase of the Kouroussa mine is performing well and reached
another important milestone with the commencement of the hot commissioning
phase, ahead of the first gold pour.  While commissioning of the plant
continues and nears its final stages, our operations team is preparing
Kouroussa to become fully operational with the intention to reach commercial
and name plate production in the second half of 2023."

 

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold producing Company, member of the World Gold Council
and founding member of Single Mine Origin (www.singlemineorigin.com). The
Company currently has two core gold projects, the operational Yanfolila Gold
Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than
double current gold production when in production, scheduled for first gold
pour Q2 2023. Further, the Company has a controlling interest in the Dugbe
Gold Project in Liberia that is being developed by joint venture partners,
Pasofino Gold Limited. The final feasibility results on Dugbe showcase 2.76Moz
in Reserves and strong economics such as a 3.5-year capex payback period once
in production, and a 14-year life of mine at a low AISC profile. Our vision is
to continue to grow our asset base, producing profitable ounces, while central
to all we do being our Environmental, Social & Governance ("ESG") policies
and practices.

 

For further information, please visit hummingbirdresources.co.uk
(https://www.hummingbirdresources.co.uk/)  or contact:

 

 

 Daniel Betts, CEO       Hummingbird Resources plc  Tel: +44 (0) 20 7409 6660

 Thomas Hill, FD

 Edward Montgomery, CD
 James Spinney           Strand Hanson Limited      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer          Nominated Adviser
 James Asensio           Canaccord Genuity Limited  Tel: +44 (0) 20 7523 8000

 Gordon Hamilton         Broker
 Bobby Morse             Buchanan                   Tel:  +44 (0) 20 7466 5000

 Oonagh Reidy            Financial PR/IR            Email: HUM@buchanan.uk.com (mailto:HUM@buchanan.uk.com)

 George Pope

 

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