MONROVIA – Hummingbird Resources plc (Hummingbird or the Company) (AIM: HUM), has updated its 25-year Mineral Development Agreement (MDA) with the Government of Liberia (GoL) over a land package of approximately 2,000km2, which includes the Company’s 4.2Moz Dugbe Gold Project (Dugbe). The Dugbe MDA is the first gold MDA to be negotiated with the Government of Liberia following a discovery in over 10 years and represents a huge milestone for both the Government and the Company. Dan Betts, CEO of Hummingbird Resources described the completion of the MDA as an important milestone for Hummingbird and Liberia. “Hummingbird, with this agreement in place, can now look towards taking the next steps at Dugbe in the best interests of all stakeholders,” he said. The Dugbe Gold Project was Hummingbird’s first asset and the original permit that was granted to Hummingbird sits within this MDA area.

Source: Front Page Africa May 02, 2019 01:16 UTC