Hummingbird Resources PLC — Share Issue/Capital Change 2013

Sep 17, 2013

National Storage Mechanism | Additional information

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RNS Number : 1848O

Hummingbird Resources PLC

17 September 2013

Hummingbird Resources plc

("Hummingbird Resources" or the "Company") (AIM: HUM)

BLOCK LISTING SIX MONTHLY RETURN

Hummingbird Resources plc ("Hummingbird" or the "Company") today announces the following update relating to its block admission of shares to be issued to certain option holders upon the exercise by such option holders of options granted pursuant to the Company's share options schemes:

Name of company:	Hummingbird Resources plc
Name of schemes:	The Hummingbird Resources plc - Unapproved Share Option Scheme, the Hummingbird Resources Limited EMI Share Option Plan 2010, and other share options
Period of return:	From: 21 March 2013 To: 16 September 2013
Balance under the schemes of securities not issued at the beginning of the period subject to the block admission:	3,842,000 ordinary shares
Number of securities issued under the schemes during the period:	Nil ordinary shares
Number of securities lapsed under the schemes during the period:	19,500 ordinary shares
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:	3,822,500 ordinary shares
Number and class of securities originally admitted and the date of admission:	4,385,000 ordinary shares admitted on 21 March 2012
Name of contact:	Thomas Hill, Finance Director
Telephone number of contact:	+44 (0) 203 416 3560

Enquiries:

Hummingbird Resources plc

Daniel Betts, Chief Executive Officer

Thomas Hill, Finance Director

Robert Monro, Head of Business Development                 +44 (0) 203 416 3560

Liberum Capital Limited

Nominated Adviser and Joint Broker

Tom Fyson / Christopher Kololian                                            +44 (0) 203 100 2222

FTI Consulting LLP

Financial PR

Ben Brewerton / Oliver Winters                                               +44 (0) 207 831 3113

Notes to Editors

About Hummingbird Resources plc

Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London.  Since its establishment in November 2005, the Company and its subsidiaries (the "Group") has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia.  The Group's total Inferred Resource is 3,835,000 ounces of gold.  The Group has published a PEA on its project showing on a 3.5Mtpa tank leach operations an NPV of US$337m on a Capex of US$212m for an IRR of 43.4%.  This gives a payback period of 3 years and is based on a 10% discount rate and US$1,500 gold price (three year average gold price at time of release).

The Group has published a NI43-101 compliant Inferred Resource on its Dugbe F deposit of 43.01 million tonnes at 1.28 g/t Au to give 1,764,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade.  In addition, the Group has declared an Inferred Resource on its Tuzon project of 51.1 million tonnes at 1.26 g/t Au to give 2,071,000 ounces gold using a lower cut-off grade of 0.5 g/t Au and an upper cut-off grade of 7.0 g/t Au.  Tuzon lies 2.6km to the east of the Dugbe F deposit.  Exploration is being carried out to best industry practices.

In 2013, the Group is moving the Dugbe 1 Project towards feasibility with 15,802m of infill drilling completed this year.

The Group currently holds exploration licences covering approximately 7,000 square kilometres in total, which constitutes a significant proportion of eastern Liberia containing the Birimian sequence.

For more information, please visit www.hummingbirdresources.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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