Hummingbird Resources
WEST AFRICA’S NEWEST GOLD PRODUCER
Company Exposure
Gold
Company Listing
Hummingbird Resources
Stock Code
AIM:HUM
Company Overview
Founded in late 2005, Hummingbird Resources is a West African gold producer, developer and explorer (AIM:HUM), which listed on AIM in December 2010. Since IPO, the Company has significantly grown its global resource inventory from an initial 0.8Moz to 6.4Moz across two countries, Mali and Liberia.
Initially focusing the majority of its resources on the Dugbe Gold Project in Liberia, the largest known gold deposit in the country, following the low-cost acquisition of Gold Fields’ gold assets in Mali in 2014, Hummingbird refocused its attention to the high-grade Yanfolila Gold Project.
Why Hummingbird?
• West Africa’s newest gold producer
• 6.4Moz gold inventory in West Africa
• 107,000oz per annum gold production for Yanfolila LOM
• A low-cost operator ~US$700/oz at Yanfolila
• Largest gold deposit (4.2Moz) in Liberia for future development
• ~5,000km2 of exploration ground in Mali, Liberia and Senegal
• Low debt, low OPEX, high-grade, large reserves, strong management
Live Financials
Latest Announcements
Share Price Performance
Team
Charles Oliver – Chairman and Director
Alan Carter – President, Chief Executive Officer and Director
Dennis Moore – Director
Donald Njegovan – Director
Derrick Weyrauch – Director
Sean Kingsley – VP Corp. Development
Major Shareholders
Management Ownership – 43%
Goodman and Co. Investment Counsel – 5%
Others – 30%
Receive Company Updates
Projects Overview
Geological Region- Tapajos Region
Tapajos is the world’s third largest placer gold belt in terms of historic placer gold production and is largely untested. This region was the site of a major gold rush by artisanal miners from the late 1970s until the late 1990s which, according to the Brazilian Department of Mineral Production (DNPM) had a total historical production of between 20 and 30 million ounces of gold.
Exploration:
Cuiú Cuiú Gold Project (Flagship)
Bom Jardim Project
Porquinho Project
Cuiú Cuiú Gold Project
- • Largest garimpo in the Tapajos region in terms of historic production
• Area previously produced 1.5 – 2Moz of placer gold (Source: DNPM)
• Two gold deposits at Cuiú Cuiú; Central and Moreira Gomez, 5km apart
• Combined historic Indicated resources of 3.4Mt @ 1.0g/t gold (0.1Moz) and combined Inferred resources of 31Mt @ 1.2g/t gold (1.2Moz)
• Based on 25,945m of drilling
• A further 22,070m was drilled following this resource calculation, is being included in a soon-to-be completed updated resource calculation
• 18km long gold-in-soil anomaly
• Central strike length of at least 800m in NW-SE direction, 50 to 70m wide, approx. vertical depth of 450m
• Moreira Gomez extends over a strike length of 1,200m EW, is 30 to 50m wide, and has a vertical depth of 400m.
• Drill intercepts in 6 other areas outside current resources including;
>> 41m @ 1.3g/t at Jerimum Baixo
>>47m @ 1.8g/t at Pau de Merenda
>>39m @ 5.1 g/t at Jerimum Cima
>>39m @ 1.3g/t at Central North
>>8m @ 2.8g/t at Ivo
>>27m @ 6.9g/t at Central SE
Bom Jardim
- • Two exploration licenses 120 square kilometres, mineralised zones identified but remain virtually untested
• One of the largest artisanal mines in the region with historic alluvial gold production of approximately 1Moz
• Located approx. 25 km northwest of the Cuiú Cuiú property and 45 km NW of Eldorado’s 2.5M oz Tocantinzinho deposit
• Completed exploration:
>> 53km line 3D IP survey
>> 2436km line of aeromagnetic and radiometric surveys conducted in mid-2011
>> 2300 soil and rock chip geochemical samples
>> 6 diamond drill holes (1357m)
• NNE and E-W trending mineralised structures with strike lengths of up to 7kms
• Mineralised zones are reflected both in surface geochemical sampling and in the geophysical data
2018 Exploration Programme
[easy-social-share buttons=”facebook,twitter,google,linkedin,print,mail” counters=0 style=”icon” template=”clear-retina” nospace=”yes”]
