AMN - MALI: Yanfolila project development progresses

Hummingbird Resources continues to progress its 2.2 Moz Yanfolila gold project in Mali. Civil works were expected to commence in early October.

Highlights:

• Appointment of IMAGRI-SARL as civil works contractor

• IMAGRI is a leading specialist of building, mining and industrial infrastructure in Mali

• IMAGRI is responsible for the completion of plant civil works, which includes:

• ROM tip and primary crusher

• Secondary crusher and screen

• Milling and Carbon in Leach (CIL) area

• Mobilisation to site continued throughout September

• Yanfolila project development advances on-schedule and on-budget.

Hummingbird Resources CEO Dan Betts says: “Development at Yanfolila continues on-schedule and budget, as we target initial production of 130,000 oz gold from the first full year of production. The appointment of the civil contractor and mobilisation of equipment is a pivotal undertaking in the project’s evolution into a producing mine. IMAGRI’s local experience, which includes working for Randgold in Mali, will be invaluable as we advance Yanfolila.

“I look forward to reporting on additional progress over the coming months as Hummingbird gets closer to delivering one of Africa’s newest and highest margin gold mines, generating in excess of $70 million free cashflow in its first full year of production at current gold prices.”

IMAGRI CEO Mathias Thibieroz says: “I am delighted that IMAGRI has been selected as contractor, leading the construction of the civil works for the Yanfolila project. We are pleased to have been given the opportunity to demonstrate our efficiency and performance on this highly prospective site and look forward to working with Hummingbird and SENET over the coming months."

www.hummingbirdresources.co.uk

News courtesy of International Mining