Hummingbird Resources plc (“Hummingbird” or the “Company”) (AIM: HUM), is pleased to announce an update on the 25-year Mineral Development Agreement (“MDA”) with the Government of Liberia (“GoL”) over a land package of approximately 2,000km(2) , which includes the Company’s 4.2Moz Dugbe Gold Project (“Dugbe”).
The MDA has now been signed with the Government of Libera, attested to by the Minister of Justice, ratified by the National Legislature of the Republic of Liberia, approved into law by the President of the Republic of Liberia and published in handbills signifying the completion of all necessary steps for the MDA to become immediately effective. This will provide the necessary long-term stability and framework for the next steps at 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.
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