Updated Company Reserves & Resources Statements
Material growth in Company Reserves underpins future long life of mine plans
Corporate Update July 2022 - Company Resources & Reserves Statements
Disclaimer
These presentation slides have been prepared by, and are the sole responsibility of, the directors of Hummingbird Resources plc ("Hummingbird Resources" or the "Company"). Those directors have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge, information and belief. The information in this document is subject to updating, revision and amendment. This document neither constitutes nor forms nor should be constructed as constituting or forming part of any offer or invitation to sell or any solicitation of any offer to purchase or to subscribe for any securities in Hummingbird Resources or any other body corporate or an invitation or inducement to engage in investment activity under section 21 of the UK Financial Services and Markets Act 2000 nor shall it or any part of it form the basis of or be relied on in connection with any contract therefore. This document does not constitute an invitation to effect any transaction with Hummingbird Resources nor to make use of any services provided by Hummingbird Resources. No reliance may be placed for any purpose whatsoever on the information contained in this document nor on assumptions made as to its completeness. No representation or warranty, express or implied, is given by Hummingbird Resources, any of its subsidiaries or any of its respective advisers, officers, employees or agents, as to the accuracy, fairness or completeness of the information or opinions contained in this document or expressed in the presentation and, no liability is accepted for any such information or opinions (which should not be relied upon) or for any loss howsoever arising, directly or indirectly, from any use of this document or its contents or information expressed in the presentation.
The information and opinions contained in this document and the presentation are provided as the date of this document and the presentation and are subject to change without notice.
This presentation contains forward-looking statements that are based on Hummingbird Resources' current expectations and estimates. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and Hummingbird Resources disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein.
Corporate Update July 2022 - Company Resources & Reserves Statements | 2 |
Strong And Growing Company Reserves & Resources Profile
4.13 Moz Au Reserves
- Yanfolila, Mali: 719 koz @ 2.85 g/t
- Kouroussa, Guinea: 647 koz @ 4.15 g/t
- Dugbe, Liberia: 2.76 Moz @ 1.30 g/t
7.28 Moz Au Resources
- Yanfolila, Mali: 2.07 Moz @ 2.22 g/t
- Kouroussa. Guinea: 1.20 Moz @ 3.02 g/t
- Dugbe, Liberia: 4.01 Moz @ 1.27 g/t
Material exploration upside
- Future exploration potential to provide LOM extensions at all assets
- All Company Reserves and Resources are shown on a 100% basis. Hummingbird will retain a controlling interest in Dugbe of 51%.
- See release 30 June 2022 "2022 Updated Company Reserves and Resources Statements" for more details.
Corporate Update July 2022 - Company Resources & Reserves Statements | 3 |
Hummingbird's Exploration and Geology team
Senior Leadership Team
Noris Del Bel Belluz
Group Technical Services Manager
- 42 years' experience in mine geology, exploration, operations and consulting
- Specialising in managing mine technical groups, process and procedures, completing mine studies from resource estimates to feasibility studies and technical reports
- Graduated BSc at University of Toronto, PGeo Ontario and BC
Belinda van Lente
Group Mineral Resources Geologist
- +15 years' experience in the mining industry, within consulting and production departments, with extensive experience in Mineral Resources estimation, specialising in West African gold deposits
- PhD (Geology), University of Stellenbosch, South Africa
David Muir
Group Database Manager
- +14 years' in the mineral exploration and mining industry with extensive African experience, specialising in data management and QA/QC
- BSc (Hons) Geology, University of Natal (Durban), South Africa
Nicholas MacNulty
Group Underground Mining Engineer
- +35 years' experience in the mining industry, within operational positions and the consulting sector
- Extensive international experience covering mine planning, scheduling, cost estimation, financial modelling and analysis
- BSc Engineering (Mining), University of the Witwatersrand, Johannesburg, South Africa
Andri Wiratama
Technical Services Manager, Yanfolila, Mali
- +17 years' global experience in the mining industry across a broad range of base metal commodities including Gold, Copper and Zinc
- Bachelor Degree Mining Engineering, University of Sriwijaya, Indonesia
Ousmane Traore
Mineral Resource Manager, Yanfolila, Mali
- +30 years' experience in exploration and mineral resource management, geological mapping and geotechnics, including at Randgold, Endeavour and AngloGold Ashanti
- Engineering Degree, Bamako, Mali
Daouda Traore
Chief Exploration Geologist, Kouroussa, Guinea
- +13 years' experience in mineral exploration, with focus on Greenfields and Brownfields in Orogenic Gold, West Africa (Mali and Guinea).
- Geology degree, Bamako Engineer National School, Mali and MSc at University of Witwatersrand, Johannesburg, South Africa
Senior Advisory Team
Attie Roux
Non-Executive Director
- 42 years' operational, technical and executive level experience
- Former COO of Endeavour Mining
- Chairman of the Technical Advisory Committee (TAC)
Ernie Nutter
Non-Executive Director
- Mining analyst formerly with Capital Group
- Former Director and Managing Director of RBC Capital Markets
- Former Chairman of RBC Dominion Securities
- BSc Geology, Dalhousie University, Nova Scotia, Canada
Anthony Kocken
Chief Operating Officer
- +23 years' African and operation experience
- Extensive operational experience as COO African Mining Services, GM Bisha Share Mining Company, Operations4 Director Mineração do Brasil, Xstrata Zinc
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CorporateUpdate July2022Company- | Resources & ReservesStatements |
Company Reserves & Resources Summary Highlights
COMPANY | Reserves Summary | Net change from | |||
RESERVES | previous updates | ||||
Asset: | kt | g/t | koz | koz | % change |
Yanfolila, Mali (net of | 7,853 | 2.85 | 719 | 13 | 2% |
mining depletions) | |||||
Kouroussa, Guinea | 4,856 | 4.15 | 647 | 238 | 58% |
Dugbe, Liberia | 66,000 | 1.30 | 2,760 | 2,760 | - |
Total Company | 78,709 | 1.63 | 4,126 | 3,011 | 270% |
Reserves | |||||
COMPANY | Resources Summary | Net change from | |||
RESOURCES | previous updates | ||||
Asset: | kt | g/t | koz | koz | % change |
Yanfolila, Mali (net of | 28,946 | 2.22 | 2,065 | 100 | 5% |
mining depletions) | |||||
Kouroussa, Guinea | 12,365 | 3.02 | 1,200 | 22 | 2% |
Dugbe, Liberia | 98,100 | 1.27 | 4,013 | 447 | 11% |
Total Company | 139,411 | 1.62 | 7,279 | 569 | 8% |
Resources |
- All Company Reserves and Resources are shown on a 100% basis. Hummingbird will retain a controlling interest in Dugbe of 51%.
- Yanfolila and Kouroussa Reserves and Resources statements effective 31.12.2021.
- Dugbe Reserves statement effective as at 01.05.2022 and Resources statement effective as at 17.11.2021 as produced by Pasofino Gold Ltd.
- Yanfolila and Kouroussa Reserves based on US$1,500 Au and Dugbe Reserves based on US$1,600 Au as prepared by Pasofino Gold Ltd.
- Total g/t is based on a total weighted average ounces calculation per asset.
- See release 30 June 2022 "2022 Updated Company Reserves and Resources Statements" for more details.
Corporate Update July 2022 - Company Resources & Reserves Statements
- Company Reserves increase materially to 4.13Moz of Au from previous statements:
- Yanfolila, Mali Reserves +13koz (+2%) to 719koz at 2.85 g/t net of mining depletions
- Kouroussa, Guinea Reserves +238koz (+58%) to 647koz @ 4.15 g/t
- Dugbe, Liberia maiden Reserves of 2.76Moz @ 1.30 g/t
- Company Resources increase +8% to 7.28Moz of Au from previous statements
4.13Moz
RESERVES BASE
7.28Moz
RESOURCES BASE
5
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Hummingbird Resources plc published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 05:52:05 UTC.