News archive April 2013

Director/PDMR Shareholding

Hummingbird Resources was notified on 26 April 2013 that Stephen Betts and Sons Limited purchased 134,400 ordinary shares in the Company at 37p on 26 April 2013.

Following this Purchase, Stephen Betts and Sons Limited holds a total of 292,000 ordinary shares, representing approximately 0.51% of the issued ordinary share capital of the Company.

Stephen Betts, a director of the Company, is now interested directly or indirectly in a total of 673,500 ordinary shares,…

Published 29 Apr, 2013 - Read full story

Appointment of AMEC to complete the Dugbe 1 ESIA

Following a competitive tender process, Hummingbird Resources (“the Company”) is pleased to announce it has retained the services of AMEC plc (“AMEC”) to complete the Environmental and Social Impact Assessment (“ESIA”) for the Dugbe 1 Project in Liberia. AMEC has extensive experience conducting such assessments for natural resource companies operating in West Africa, and specifically Liberia. AMEC will commence its work on 20 April 2013, with completion anticipated in Q2 2014.

The appointment of AMEC to complete…

Published 17 Apr, 2013 - Read full story

Second Tranche of Royalty Funding

Following the announcement on 18 December 2012 of the $15 million financing agreement with Anglo Pacific Group PLC (“Anglo Pacific”), Hummingbird Resources announces that having satisfied the conditions precedent with the publication of the results of the Preliminary Economic Assessment on the Dugbe 1 Project, the Company has received the second tranche of US$5 million from Anglo Pacific.

As previously announced, the third tranche will become due once 25,000 metres of drilling have been completed.  Over 9,000m…

Published 11 Apr, 2013 - Read full story

Robust Economics Confirmed by Preliminary Economic Assessment

“The current project is robust from a technical and economic perspective and WAI can see no reason why this project should not proceed to a Definitive Feasibility Study.”  WAI PEA Report April 2013.

Hummingbird Resources, the Liberian gold explorer with a 3.8 Moz gold Resource, announces results of the Preliminary Economic Assessment (“PEA”) on its Dugbe 1 Project in Liberia, West Africa.  The PEA was conducted by Wardell Armstrong International (“WAI”) a leading independent mining consultancy, with input…

Published 8 Apr, 2013 - Read full story

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