• Quote: HUM (AIM)
  • Latest share price: £1.11 ↓ (-1.34%)
  • Latest gold price: $1590.80 ↑ (+1.04%)

Final results for the year ended 31 May 2011

Published on

Hummingbird Resources plc announces its final results for the year ended 31 May 2011.

Highlights - for the year
·  Maiden Resource of 812,000 ounces Au announced in December 2010
·  Successful AIM IPO raising US$40m gross proceeds
·  Joint venture with Petmin Limited on Mt Ginka licence
·  Positive aeromagnetic survey over Mt Ginka iron ore licence completed

Highlights - following the year end
·  Resource upgrade to 1,765,000 ounces Au announced in September 2011
·  Grade of Indicated Resource increased by approximately 20% to 1.289g/t Au
·  Drilling commenced at the Tuzon anomaly, based on strongest trenching results to date
·  Petmin Limited increased stake in Mt Ginka to 50% for total investment of US$2m into the joint venture company, Iron Bird Resources Inc
-  Programme of trenching, sampling and scout drilling commenced at Mt Ginka

Read full story at londonstockexchange.com


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