Project: Yanfolila Gold Mine

Select an image for a magnified view

Yanfolila Project
Yanfolila Mining Permit

Yanfolila Gold Project

Hummingbird is developing the advanced Yanfolila Gold Project in Mali as a low cost, high grade open pit mining operation, with first gold production targeted for 2017.

Economics

Definitive Feasibility Study

The table below provides the key parameters and results of the Definitive Feasibility Study released by Hummingbird Resources on 18 January 2016 as well as the Optimised New Mine Schedule released 29 February 2016.

Feb 2016 Optimised Mine Plan (US$1,100) Feb 2016 Optimised Mine Plan (US$1,250) Feb 2016 Optimised Mine Plan (US$1,400)
Production Year 1 132,000oz 132,000oz 132,000oz
LoM Production/Year 107,000oz 107,000oz 107,000oz
LoM Grade 2.95g/t 2.95g/t 2.95g/t
Annual Throughput 1.24Mtpa 1.24Mtpa 1.24Mtpa
Project CAPEX US$79m US$79m US$79m
Recovery 92.8% 92.8% 92.8%
All in Sustaining Costs (US$/oz) US$686 US$695 US$701
LoM NPV (8%) US$109m US$162m US$216m
After Tax IRR 42% 60% 77%

Probable Reserves

Tonnes Contained Ounces (Au) Grade (g/t)
Komana East 4,606,000 470,600 3.18
Komana West 2,433,000 239,200 3.06
Total 7,039,000 709,800 3.14

Indicated and Inferred Resources (Inclusive of Reserves)

Tonnes Contained Ounces (Au) Grade (g/t)
JORC 2012 18,654,00 1,587,600 2.64
SAMREC 2009 3,520,000 224,400 1.98
Total 22,165,000 1,812,000 2.54
Net Attributed to Hummingbird (80%) 18,840,250 1,540,200 2.54

Gold Fields 2013 Non Code Compliant Mineral Inventory

Tonnes Contained Ounces (Au) Grade (g/t)
De-Risking Study 6,324,200 390,700 1.92

Team spotlight

David Pelham

David Pelham
Non-Executive Director

David is a mineral geologist with over 35 years global exploration experience.  He has worked in over 40 countries in Africa, Europe, North and South America, the Middle East and Asia.  He has worked in several West African countries, and oversaw the discovery and early evaluation of the +6 Moz Chirano Gold Mine in Ghana and Hummingbird’s 4.2 Moz Dugbe gold deposit in Liberia.  He has been closely involved with a number of major discoveries of gold, copper-cobalt, coal, iron ore, chrome and uranium.  Converted into in-situ gold-equivalent terms, these new discoveries add up to over 100 Moz of gold.  David is a Non-Executive Director of Cora Gold Ltd, which is listed on AIM with Hummingbird as a major shareholder.

Meet the whole team