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On today's Vox Markets Podcast: Hummingbird Resources and Salt Lake Potash
Dan Betts, Chief Executive Officer of Hummingbird Resources (HUM) talk about their increased production and reduced costs for the 2nd quarter at its Yanfolila Gold Mine.
Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company. The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia. Yanfolila produced its first gold pour on time and budget in December 2017. Yanfolila held pre-production Probable Reserves of 710,535ozs @ 3.14g/t, total Resources of 1.8Mozs of gold and an additional 390,700ozs of non-compliant exploration potential. The Dugbe Gold Project has Resources currently totalling 4.2Mozs of gold and a completed NI 43-101 compliant PEA on the project showing a 29% IRR and US$186m NPV at a US$1,300 gold price.
Tony Swiericzuk Chief Executive Officer of Salt Lake Potash (SO4) discusses how they've secured project financing of $150m for their Lake Way Project.
Salt Lake Potash plans to build the most sustainable, most rewarding fertiliser project in the world by developing organic Sulphate of Potash (SOP) from the Goldfields Salt Lakes which are nine lakes totalling over 3,300km² of playa surface ideal for trench extractions in Western Australia.
(Interview starts at 9 minutes 43 seconds)