TIDMHUM
RNS Number : 9823X
Hummingbird Resources PLC
02 May 2023
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
2 May 2023
Hummingbird Resources pl c
("Hummingbird" or the "Company")
Kouroussa Gold Mine Commissioning Begins
Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM:
HUM) is pleased to announce that the Kouroussa Gold Mine processing
plant has reached the practical completion stage, and has entered
the commissioning phase towards achieving first gold pour this
quarter, Q2 2023.
The Kouroussa Gold mine in Guinea is a high grade, over 4
grammes per tonne ("g/t"), open pit operation, and is the Company's
second operating gold asset in West Africa.
Key highlights:
-- Practical completion on priority systems at the Kouroussa
processing plant has now been achieved, allowing the commissioning
phase to begin.
-- Pre-operational and cold commissioning is currently underway
and, once completed, will move to the hot commissioning phase,
followed by the first gold pour this quarter, Q2 2023.
-- Soutex ("Soutex"), Kouroussa's engineering contractor, along
with specialist Hummingbird commissioning personnel, are working
together on site to coordinate the commissioning phase.
-- Sufficient ore feed tonnes are on the ROM pad for
commissioning, with mining activities accelerating to provide
increased ore feed tonnes on the ROM pad for first gold pour
followed by name plate production.
-- Hydrotesting completed on the pre-leach, CIL, raw water, and
reagent tanks, with mechanical equipment pre-operational testing
also in progress.
-- Cold commissioning commenced on priority water and air services systems.
-- OEM vendors on site for dry and wet plant equipment commissioning.
Dan Betts, CEO of Hummingbird, commented:
"Kouroussa is on track to pour first gold within the current
quarter, and the start of commissioning of the processing plant is
a significant step forward in achieving this objective. As we begin
the commissioning phase to bring Kouroussa online, we remain
heavily focussed on safety at this busy time. Additionally,
operational readiness and the transition to daily operations is a
key part of this phase as we look not just to first gold, but to
ramping up production to name plate capacity, moving the Company to
being a +200,000-ounce, multi-asset, multi-jurisdiction gold
producer."
Further practical completion and commissioning phase updates
Process plant hydrotesting:
-- The Pre-leach, CIL, Detox and Raw water tanks were filled from the raw water supply lines.
-- The reagents mixing tanks were hydrotested by pumping water
from the raw water tank into the subsequent reagent mixing
tanks.
-- The reagents holding tanks were filled with water using the reagent transfer pumps.
Electrical commissioning:
-- Permanent power units have been installed and are being used
to energise the medium voltage ("MV") substation.
-- Final quality assurance and control checks are being
performed on the low voltage substations, which are fed power from
the MV substation.
-- Design engineer contractors are on site to assist with the commissioning phase.
SAG mill commissioning:
-- NCP International Ltd (international mill specialists)
commissioning team, comprising of mechanical specialists, an
instrument technician and program logic control engineers, are on
site to assist with the commissioning phase.
-- The SAG mill mechanical and piping installations are practically complete.
-- The SAG mill lubrication units are being filled with
lubricants and instrument testing has commenced.
-- The SAG mill variable speed drive ("VSD") has been configured.
Ore on the ROM pad for commissioning and increasing for first
gold pour:
-- Sufficient ore feed tones on the ROM pad for commissioning.
-- Overall mining activities by Kouroussa's contract miner,
Corica Mining Services, are ramping up to ensure sufficient ore
feed on the ROM pad for first gold pour and then into name plate
production.
Operational readiness program updates:
-- Permanent mine camp completed, allowing 140 work personnel to be accommodated on site.
-- Permanent power units installed and operational at site for
the commissioning phase, with additional units being installed
ready for first gold pour and the production ramp up phase.
-- Security accommodation complete, with increasing security
personnel now arriving on site, including security fencing being
installed as a priority at the tailing storage facility, permanent
mine camp, ROM pad, and around the processing plant.
-- Increasing processing plant inventory supplies arriving on
site including: reagents, explosives for pit blasting, lubricants,
grinding media, safety equipment and spares.
-- Final key processing plant, maintenance, geology and
administrative personnel are currently being recruited.
Processing plant hydrotesting.
Electrical substation commissioning.
SAG mill commissioning.
Ore on the ROM pad for commissioning and increasing for first
gold pour and beyond.
**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 when in production, scheduled for first gold pour
the end of Q2 2023. 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, Hummingbird Resources Tel: +44 (0) 20 7409
CEO plc 6660
Thomas Hill,
FD
Edward Montgomery,
CD
James Spinney Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer Nominated Adviser 3494
-------------------------- ----------------------------
James Asensio Canaccord Genuity Limited Tel: +44 (0) 20 7523
Gordon Hamilton Broker 8000
-------------------------- ----------------------------
Bobby Morse Buchanan Tel: +44 (0) 20 7466
Oonagh Reidy Financial PR/IR 5000
George Cleary Email: HUM@buchanan.uk.com
-------------------------- ----------------------------
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