Source - RNS
RNS Number : 2532J
Hummingbird Resources PLC
08 September 2016

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


8 September 2016


Hummingbird Resources plc ('Hummingbird' or 'the Company')

Taurus Bridge Extension


Hummingbird Resources plc (AIM: HUM), announces a three month extension of its US$15m bridge facility with Taurus Mining Finance Fund LP ('Taurus') to 8 December 2016.  The US$10m bridge facility was originally announced on 11 August 2014, was expanded to a US$15m facility on 1 September 2015, and extended by six months on 25 February 2016.


** ENDS **


For further information please visit or contact: 

Daniel Betts

Thomas Hill

Robert Monro

Hummingbird Resources plc

Tel: +44 (0) 203 416 3560

Charlie Cryer

Oliver Morse



RFC Ambrian Ltd

Nominated Adviser and Joint Broker

Tel: +44 (0) 203 440 6800 / +61 (0) 8 9480 2500


Jon Belliss

Beaufort Securities Limited

Joint Broker

Tel: +44 (0) 20 7382 8300

Lottie Brocklehurst

Susie Geliher

Hugo de Salis

St Brides Partners Ltd

Financial PR/IR

Tel: +44 (0) 20 7236 1177


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