Hummingbird Resources plc, the Liberian gold development company with a 3.8 Moz Resource, announces its final audited results for the year ended 31 May 2013.
· Publication of a robust Preliminary Economic Assessment on the Dugbe 1 Project
o NPV of US$337m
o IRR of 43%
o 125,000oz gold/year production for 20 year Life of Mine (“LOM”)
o 20 years free cash of US$954m
o 2.41 strip…
Published 15 Aug, 2013 - Read full story
Hummingbird Resources, the Liberian gold developer with a 3.8 Moz gold Resource, announces that it has received results from a further 15 holes in its 15,802m 2013 drilling programme.
Highlights of Latest Tuzon Drilling Results
· TDC124 8m @ 1.91g/t gold
· TDC125 8m @ 2.31g/t gold
· TDC126 8m @ 3.38 g/t gold
Published 9 Aug, 2013 - Read full story