Name and Location
Dugbe 1 project, Liberia.

Client
Hummingbird Resources.

Project Description
The Dugbe shear zone area consists of 2 000 km² in central eastern Liberia, located about 40 km north-east of the coastal town of Greenville.

The project is underlain by Birimian geology, making it highly prospective for gold, and is currently Hummingbird’s most advanced project, with more than 61 000 m of drilling completed and a 3.8-million-ounce gold resource.

A preliminary economic assessment (PEA) on the Dugbe 1 project envisages 3.5-million-tonnes-a-year plant tank-leach process, producing an average of 125 000 oz/y of gold.

Mining at the project will be undertaken through a conventional openpit operation, with ore and waste extracted through drill, blast, load and haul methods.

Value
$212-million, although contract mining may significantly reduce initial capital expenditure to $143-million.

Duration
It is estimated that first production could be achieved within 18 months from the start of construction of the 3.5-million-tonne-a-year plant.

Latest Developments
The PEA supports the company’s decision to rapidly progress the Dugbe 1 project towards a definitive feasibility study (DFS).

To this end, MDM Engineering Group has received a letter of intent to complete the DFS and front-end engineering and design (Feed) for Dugbe 1 project.

To expedite the timeframe of mine construction, the Feed will be conducted simultaneously to the DFS, allowing the company to proceed directly to an engineering, procurement and construction contract after the completion of the DFS.
Hummingbird expects the DFS and the Feed to be completed by the end of the third quarter of 2014.

Key Contracts and Suppliers
MDM Engineering Group (DFS and Feed).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Hummingbird Resources, tel +44 20 3416 3560.
MDM Engineering Group, tel +27 11 993 4300 or fax +27 11 886 9306.