Hummingbird Resources PLC SMPP Contract Signed & Steel Work at Yanfolila (5456U)
January 19 2017 - 2:00AM
UK Regulatory
TIDMHUM
RNS Number : 5456U
Hummingbird Resources PLC
19 January 2017
Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc ("Hummingbird" or "the Company")
SMPP Contract Signed and Steel Work Arriving at Yanfolila
Hummingbird Resources (AIM: HUM), ahead of the site visit next
week is pleased to announce an update from its Yanfolila Gold
Project in Mali ("Yanfolila") where mine construction is currently
underway with its first gold pour expected by end of 2017.
Highlights:
-- Award of Structural, Mechanical, Plate work and Piping
("SMPP") contract at Yanfolila to IMAGRI-SARL
-- Tower crane and pre-rolled CIL tanks delivered to site
-- Dewatering bore hole drilling commenced ahead of pre-mining pit dewatering
-- Plant construction on track with planned completion in Q4
2017, ahead of first gold pour by YE 2017
-- Analyst site visit scheduled for week commencing 23 January 2017
Please click on the following link to see recent pictures and
videos of construction http://hummingbirdresources.co.uk/gallery/ .
This page will continue to be updated regularly.
Dan Betts, CEO of Hummingbird Resources, said: "We are making
great progress on the ground and as a result we remain on schedule
to deliver our first gold by the end of the year. We are delighted
to have appointed IMAGARI-SARL for the important SMPP contract
having already seen their excellent results from the civil works on
site. Steel work has started to arrive at Yanfolila and we are
looking forward to seeing the CIL tanks being assembled in the near
future. In the mean time we look forward to welcoming a number of
mining analysts and investors on site at Yanfolila next week at
this exciting time for Hummingbird."
Further Information:
IMAGRI-SARL has been awarded the Structural, Mechanical, Plate
work and Piping ("SMPP") installation contract for Yanfolila under
the supervision of SENET.
Much of the mechanical equipment has now been ordered and many
items are now being shipped to site. The tower crane, which will be
used to help construct the plant and later maintain the plant when
in operation, is now on site along with pre-rolled sections of the
Carbon-in-Leach ("CIL") tanks. The erection of these items is due
to commence imminently.
To facilitate the mining, the drilling of the pit dewatering
bores has commenced and the pit dewatering is scheduled to start in
Q2 2017.
The construction of the plant is progressing with a planned
completion date of Q4 2017.
**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
-------------------- ----------------------- ----------------
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 132,000oz 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
CNTOKFDQOBKDCDD
(END) Dow Jones Newswires
January 19, 2017 02:00 ET (07:00 GMT)
Hummingbird Resources (LSE:HUM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hummingbird Resources (LSE:HUM)
Historical Stock Chart
From Apr 2023 to Apr 2024