REG - Hummingbird Res. - Pasofino Gold Announces New CEO

Hummingbird ResourcesAnnouncement

02/12/2024 14:30

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RNS Number : 4659O  Hummingbird Resources PLC  02 December 2024

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

 

02 December 2024

Hummingbird Resources plc

("Hummingbird", the "Group" or the "Company")

Pasofino Gold Announces New Chief Executive Officer

Hummingbird Resources plc (AIM: HUM) is pleased to note the following update
from Pasofino Gold Limited ("Pasofino") with the appointment of Brett A.
Richards, as Chief Executive Officer with immediate effect.

With over 37 years of experience in the mining and metals industry, Mr.
Richards brings a wealth of expertise to support Pasofino's strategic goals.
He is an accomplished mining executive with a strong track record in
operational management, project development, construction, and corporate
business development. Throughout his career, Mr. Richards has held several CEO
positions in West Africa and led the construction and commissioning of three
mines, two of which are located in West Africa and one in the Democratic
Republic of Congo.

Mr. Richards most recently served as CEO of Goldshore Resources, where he
remains a director and significant shareholder. He also holds directorships
with Nickel 28 Capital Corp. and Midnight Sun Mining.

In conjunction with his appointment, Pasofino has granted Mr. Richards
1,000,000 incentive stock options under the Long-Term Incentive Plan. The
options have an exercise price of $0.60 per option, are valid for a term of 18
months from the date of grant and will vest in equal installments over a
12-month period.

Warren Greenslade will revert to General Manager of the Dugbe Gold Project,
based in country and at site. Mr. Greenslade has announced his intention to
resign from the Company, effective 31 January 2025, to pursue other
opportunities, and will work through a transition and handover over the
forthcoming two months.

Chairman of Hummingbird & Pasofino, Dan Betts, stated:

"The Pasofino board of directors is pleased to make the announcement of the
appointment of Brett Richards as its Chief Executive Officer.  Brett joined
the Pasofino board back in October 2024, to assist in leading the company, and
it is now important to appoint him to lead all matters in this regard.  The
board is eager to provide its full support to Brett over the coming months to
achieve its objectives".

Chief Executive Officer Brett A. Richards stated:

"I am pleased to be named CEO of Pasofino, so we can move the company forward
in a progressive and constructive manner. On behalf of the Pasofino board of
directors, we would like to thank Warren for his service and wish him well in
his new endeavors".

Further details can be found in the announcement by Pasofino via the following
link - www.pasofinogold.com
(https://www.pasofinogold.com/projects/dugbe-gold-project/default.aspx)

**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
(http://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 once at
commercial production. 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:

 

 

 Geoff Eyre, Interim 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

 Charlie Hammond          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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