THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO.596/2014 AS AMENDED AND TRANSPOSED INTO UK LAW IN ACCORDANCE WITH THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
20 November 2024
Hummingbird Resources plc
("Hummingbird", the "Group" or the "Company")
Subscription Agreement Update
Hummingbird Resources plc (AIM: HUM) announces that, further to its previous update on 6 November 2024, the Company continues to engage constructively with the Coris Parties and their advisers to finalise the subscription agreement. The Company anticipates providing a further update on this matter in the coming days.
**ENDS**
Notes to Editors:
Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production. Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited. The final feasibility results on Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year capex payback period once in production, and a 14-year life of mine at a low AISC profile. Our vision is to continue to grow our asset base, producing profitable ounces, while central to all we do being our Environmental, Social & Governance ("ESG") policies and practices.
For further information, please visit Hummingbirdresources.co.uk or contact:
| Daniel Betts, CEO Thomas Hill, FD Edward Montgomery, CD | Hummingbird Resources plc | Tel: +44 (0) 20 7409 6660 |
| James Spinney Ritchie Balmer | Strand Hanson Limited Nominated Adviser | Tel: +44 (0) 20 7409 3494 |
| James Asensio Charlie Hammond | Canaccord Genuity Limited Broker | Tel: +44 (0) 20 7523 8000 |
| Bobby Morse Oonagh Reidy George Pope | Buchanan Financial PR/IR | Tel: +44 (0) 20 7466 5000 Email: HUM@buchanan.uk.com |
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