REG - Hummingbird Res. - Operational and Exploration Update

Hummingbird ResourcesAnnouncement

21/12/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231221:nRSU5959Xa&default-theme=true

RNS Number : 5959X  Hummingbird Resources PLC  21 December 2023

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

 

21 December 2023

Hummingbird Resources plc

("Hummingbird" the "Group" or the "Company")

Operational and exploration update

Hummingbird (AIM: HUM) is pleased to provide an operational and exploration
update, including recent drilling results.

Operational Update

Yanfolila Gold Mine, Mali

·      78,220 ounces of gold ("oz") were produced at Yanfolila to 30
November 2023 at an average AISC of c.US$1,340 per oz and the Company is on
target to meet FY-2023 production guidance of 80,000 - 90,000 oz and AISC
under US$1,500 per oz.

·      Key areas of focus remain the development of the Komana East
Underground ("KEUG") operation and the continuation of mining performance
across the mine.

Kouroussa Gold Mine, Guinea

·      3,094 oz have been produced at Kouroussa to 30 November 2023. The
processing plant is operating at nameplate capacity on a consistent 24 hour a
day basis with ramp up of the mining fleet productivity rates improving.

·      The Company anticipates gold production from Kouroussa in H2-2023
of c.5,000 oz of gold, with lower production driven largely by the delays in
accessing higher grade ore due to initial lower than contracted mining
volumes.

·      Mining is progressing towards the higher-grade regions of the
Koekoe deposit, with Kouroussa expected to reach full commercial production in
Q1-2024.

Dugbe Gold Project, Liberia

·      The Company recently completed the conversion of the Company's
51% interest in the Dugbe Gold Project (the "Project") into a 51% interest in
Pasofino Gold Limited ("Pasofino"), which simplifies the ownership structure,
providing clear visibility and control to facilitate more efficient
decision-making and project advancement to drive the material value the
Project represents to all stakeholders.

·      Pasofino plans to optimise the 2022 Definitive Feasibility Study
("DFS") and evaluate a new drilling programme to extend the key Project
deposit Tuzon, along with possible additional exploration targets previously
evaluated.

Circular, Revenue Protection and Outlook Update

·      A further update on the Company's fundraise as announced on 7
December 2023 will be provided in due course. As noted previously, proceeds
will be used to accelerate its growth strategy, increase exploration, and
strengthen the balance sheet.

·      The Company is implementing a near term revenue protection
strategy over a portion of the Company's production for the first three
quarters of FY-2024 in the order of 60,000 oz, as the Company materially
deleverages its balance sheet in FY-2024, with c.44,500 oz of gold now
protected through forward pricing and cost collars, averaging above US$2,000
per oz.

·      As previously noted, the Company continues to focus on material
balance sheet deleveraging which is set to commence in Q1-2024 with scheduled
debt repayments of c.US$77 million in FY-2024, c.US$61 million in FY-2025,
and the remainder c.US$15 million payable by the end of FY-2028.

·      Formal FY-2024 Group guidance will be provided in the Q4-2023
operational and trading update, expected in January 2024.

Drilling results and exploration update

·    Between May and November 2023, the Company completed c.5,900 metres
("m") of drilling at Yanfolila to identify increased mining opportunities and
extend life of mine ("LOM") at the asset.

·    Drilling focussed on the Gonka and Sanioumale West deposits with
notable drill results including:

o  2m @ 37.30 grams per tonne ("g/t") from 45 m (GKRC0456)

o  16m @ 8.38 g/t from 17 m (GKRC0459)

o  4m @ 10.00 g/t from 22 m (SWGCM006096)

o  4m @ 7.21 g/t from 22 m (SWGCM006960)

·      The Company believes it is essential that its exploration plans
are increasingly executed to deliver results that lead to increased Resources
and Reserves for the Group to extend LOM at both operating assets. A
comprehensive Group exploration plan is in place for FY-2024 onwards, with
further updates to be provide during FY-2024 once programmes begin.

Investor Presentation

The Company's senior management team will be holding an investor presentation
this Friday 22 December at 11:00 GMT via the Investor Meet
Company platform.

The event will cover the recent fundraise and this release, and provide an
opportunity for Q&A. The Company invites attendees to pre-send questions
to the Company via IR@hummingbirdresources.co.uk
(mailto:IR@hummingbirdresources.co.uk) .

Webcast
link: https://www.investormeetcompany.com/hummingbird-resources-plc/register-investor
(https://www.investormeetcompany.com/hummingbird-resources-plc/register-investor)

Dan Betts, CEO and Interim Executive Chairman of Hummingbird, commented:

"In late November it became increasingly evident that the slower than expected
ramp-up at Kouroussa was placing increasing strain on the Company's balance
sheet. As such, the difficult decision was made to inject additional funds
into the business through an equity offering. This was aimed not only to
fortify our balance sheet, but also to provide capital support for the Group's
operations. Moreover, it positions us to accelerate our growth strategy and
exploration efforts.

 

The Company has faced challenges ramping-up operations at Kouroussa, mainly
through lower mining productivity rates than planned. However, through working
constructively with our key contractors and bringing in additional mining
fleet, we continue to expect Kouroussa to reach commercial production for a
full year of production in 2024. Further, as noted above, Yanfolila remains on
track to deliver on our FY-2023 guidance of 80,000 - 90,000 oz at an AISC
under US$1,500 per oz and we are seeing progress in the development of the
KEUG operation, which is a central focus of our long-term operations at
Yanfolila.

 

Extending the LOM at our assets is a key corporate focus area for Hummingbird,
especially now that we have two operating mines in place. We plan to continue
delivering targeted, cost effective drilling campaigns at known and future
deposits with existing positive exploration results targeted at Yanfolila, and
increasingly at Kouroussa. As we look forward, our team has developed detailed
exploration plans which we will look to increasingly execute and remain
confident of maintaining and extending Yanfolila's LOM and in particular
extending Kouroussa's LOM to reach our target of a +1 million ounce Reserve
base at that asset.

 

For FY-2024, the Company's key areas of focus are achieving material
deleveraging of the balance sheet, a Group production profile of c.200,000 oz
of gold, accelerated exploration plans, maintaining and enhancing our ESG
programmes and the advancement of Dugbe."

 

Operational Update

Yanfolila Gold Mine, Mali

·      At the end of November 2023, a total of 78,220 oz was produced at
Yanfolila at an average AISC of approximately US$1,340 per oz.

·      The production during Q4-2023 saw reduced throughput in late
November due to increased maintenance on the mill, impacting processing
volumes, resulting in lower recovery grades at that time.

·      KEUG development has continued with approximately 122 metres
("m") mined to date, with upgrades to the power reticulation, establishment of
mine dewatering and ventilation taking place during Q4-2023.  The project
remains a crucial element in the Company's long-term mine plan at Yanfolila,
with the expectation of producing initial developmental ore in H1-2024 and
ramping up production throughout the remainder of the year.

Kouroussa Gold Mine, Guinea

·      As noted in the Q3-2023 operational and trading update, Kouroussa
has faced ramp up challenges, in particular from lower mining productivity
rates than planned, leading to reduced volumes and a delay mining the
high-grade material at the initial key deposit, Koekoe.

·      As of 30 November 2023, Kouroussa produced 3,094 oz, which is
below the Company's anticipated productivity levels as planned at this stage
of the ramp up phase.

·      However, throughout November, into December, with all the mining
fleet onsite and an additional support fleet in operation, mining productivity
continued to rise towards target BCM movement rates and is progressing towards
the higher-grade regions of the Koekoe deposit.

·      Through December, the processing plant performance has continued
to improve with the plant operating at nameplate capacity on a consistent 24
hour a day basis.

·      Mining is progressing towards the higher-grade regions of the
Koekoe deposit, with Kouroussa expected to reach full commercial production in
Q1-2024.

·      The Company notes that on 18 December 2023, the country's main
fuel depot in Guinea's capital Conakry had a fire impacting oil supply in
country. The Company is working with its fuel supplier contractor to minimise
any adverse supply impacts at the mine. As a precautionary measure, the
Company has temporarily suspended mining operations, while the processing
plant continues to operate, until regular fuel supply is restored, which is
expected in the near term.

·      With the ramp-up of Kouroussa progressing towards the
higher-grade parts of the orebody at the Koekoe deposit, the Company continues
to expect Kouroussa to reach full commercial production in Q1-2024.

Dugbe Gold Project, Liberia

·      As noted above, the Company recently completed the conversion of
the Company's 51% interest in the Dugbe Gold Project into a 51% interest in
Pasofino, which simplifies the ownership structure, providing clear visibility
and control to facilitate more efficient decision-making and project
advancement to drive the material value the Project represents to all
stakeholders.

The Dugbe Gold Project represents material valuation upside for the Company as
represented by the pre- and post-tax NPV's of the Project in the sensitivity
table below based on gold prices between US$1,700 - US$2,300 per oz.

                                 Gold price sensitivity on NPV
 Gold Price (US$/oz)              $ 1,700    $ 1,800    $ 1,900    $ 2,000    $ 2,100    $ 2,200    $ 2,300
 Pre-tax NPV(5%) (US$ million)    $691       $843       $996       $1,149     $1,301     $1,454     $1,607
 Post-tax NPV(5%) (US$ million)   $530       $645       $760       $875       $990       $1,104     $1,219

Notes: the above calculations are internal forecasts based upon the June 2022
DFS economic model and are based on a 100% basis.

Further, the current Project highlights from the June 2022 DFS (at US$1,700 oz
gold price) are detailed below, with plans as noted in the highlights above to
optimise and improve the current DFS.

 Description                    Units                  Value
 Production Statistics
 Production LOM                 years                  14
 Production LOM                 months                 159
 Total Ore Tonnes               million tonnes ("Mt")  66.27
 Total Au Ounces Recovered      million oz             2.27
 LOM Average
    Throughput                  Mt per annum           5.00
    Au Grade                    g/t                    1.30
    Au Recovery                 %                      83.01
    Au Ounces Recovered         oz/a                   171,594
 Initial Capital Cost           US$ million            435
 SIB Capital Cost               US$ million            98
 Operating Cost
    LOM Average                 US$ million /a         147
    LOM Unit Cost               US$/t                  29
 Financial Outcomes (Pre-Tax)
 NPV                            US$ million            690
 IRR                            %                      26.35
 Payback Period (undiscounted)  years                  3.3
 AISC                           US$/oz                 1,005
                                US$/t                  34
 Financial Outcomes (Post-Tax)
 NPV                            US$ million            530
 IRR                            %                      23.6
 Payback Period (undiscounted)  years                  3.3
 AISC                           US$/oz                 1,005
                                US$/t                  34

Exploration Plans for FY-2024 and beyond

As part of the proposed equity placement, the Company plans to use c.US$5
million of monies raised, subject to inter alia, shareholder approval, to
accelerate its exploration plans.

Following exploration conducted during FY-2023, the Company has developed
comprehensive exploration plans for FY-2024 onwards. These plans are designed
to systematically expand the Resource bases at both the Yanfolila and
Kouroussa operations, with the goal to increase the Reserve bases and extend
LOM at both operating assets.

Central to Hummingbird's exploration strategy is the implementation of a
structured exploration-to-mine pipeline at both Yanfolila and Kouroussa. This
pipeline prioritises key workstreams that encompass initial target definition,
Resource and Reserve definition, and mine plan development. By streamlining
the exploration process, the Company is looking to ensure that its efforts are
focused on targets with the highest potential for success, maximising the
likelihood of identifying and developing new mining opportunities.

The exploration-to-mine pipeline encompasses the following stages:

·      Initial target definition:

o  Employing a range of exploration techniques, including geological mapping,
geophysics, geochemical surveys and artificial intelligence and machine
learning, to identify promising exploration targets.

·      Resource and Reserve definition:

o  Conducting systematic drilling programs to delineate the extent and grade
of mineralisation at identified targets.

·      Mine plan development:

o  Utilising the defined Resources and Reserves to develop feasible and
profitable mine plans for potential new mining operations.

The following table provides an overview of the key areas of focus for the
Company's exploration team based upon a priority-based system of high
probability of results leading to increased Resources to Reserves for the
Group to extend LOM at both operating assets.

Exploration Overview

Yanfolila Gold Mine, Mali:

The Company is focused on maintaining and extending Yanfolila's LOM, through
exploration of primarily brownfield and near-mine opportunities, including
both open pit and underground opportunities. Hummingbird believes that there
is significant potential for the Company to operate beyond the current Reserve
base LOM primarily through upgrading of the current 1,705 thousand oz ("Koz")
Resource and the further development of underground potential at several
deposits including Komana East (where development has already begun), Komana
West, Sanioumale West, Sanioumale East and Gonka, which already have
identified underground Resources.

Additionally, through our collaboration with Mira Geoscience Ltd, the Company
has identified several greenfield areas for initial exploratory drilling,
including Diaban Nord, and Gonka South where multiple targets have been
delineated. The tables below highlight the Company's exploration priorities.

 

 Target                    Priority  Category
 Yanfolila Gold Mine, Mali
 Sanioumale West           1         Resource upgrade & extension
 Gonka                     1         Resource extension
 Kama Oxide                1         Maiden MRE
 Guirin West               2         Resource upgrade
 Kabaya South              2         Resource upgrade
 Gonka Underground         3         Resource definition
 Komana East / Gonka Link  3         Greenfields
 Mira Targets              3         Greenfields
 Komana West               3         Resource extension

Kouroussa Gold Mine Guinea,

The Kouroussa Mine located within Guinea's gold prolific Siguiri Basin and a
core focus of the Company is to extend both the Reserve profile and the LOM of
the asset. The Company is confident that there remains a material upside
opportunity at Kouroussa and is targeting an increase of Reserves to 1.0 Moz
and a 10-plus year LOM.

The current focus for the Company is on near mine opportunities and the
exploration and expansion of the Bag Farm-Junction and the high-grade X-Vein
Resource base deposits.

Currently the Company is considering a programme of deep ground penetrating
radar to detect and define vein and structure targets for further exploration.

 Target              Priority      Category
 Kouroussa Gold Mine, Guinea
 Koekoe              1 & 2         Resource extension
 X-Vein              1, 2 & 3      Greenfields (West) and Resource upgrade (Main)
 Kinkine             2             Resource extension
 Bag Farm Junction   3             Resource upgrade
 Koekoe Underground  3             Resource upgrade & extension

Drilling Results Detail

Drilling conducted at the Yanfolila mine was concentrated on near-mine
prospects, focusing on two deposits, Gonka ("GO") and Sanioumale West ("SW"),
with the drilling campaign goals being to extend and upgrade potential Mineral
Resources at both targets through reverse circulation ("RC") drilling,
employing both exploration holes and limited de-risking grade control
drilling.

Gonka

At GO, drilling focused on increasing the geological confidence of the
potential extension of the deposit, primarily targeting a southerly extension
to the GO main pit that had previously been drilled on wider spacing
parameters. Received assays have revealed that the mineralisation was
intersected at shallower depths than originally modelled and indicates that it
remains open to the east of the deposit. The Company is currently updating its
geological model and preparing an updated Mineral Resource Estimate, which
will be included in the Company's FY-2024 Reserve and Resource update.

Sanioumale West

Drilling at SW involved a combination of exploration drilling to identify
Mineral Resource expansion opportunities, and grade control drilling to
de-risk an extension to a pushback of the current pit to incorporate
additional Ore Reserves to the southwest of the deposit.

Exploration drilling, completed in November 2023, targeted both an extension
at depth of the southwestern pushback and a step-out program to the northeast.

Table of the June 2023 - November 2023 Yanfolila drilling results

 Hole ID      Depth From (m)  Depth To (m)  Intercept Description (g/t Au)

 GKRC0456     45              47            2m @ 37.30 g/t
 GKRC0463     74              75            1m @ 16.99 g/t
 GKRC0459     17              33            16m @ 8.38 g/t
 GKRC0472     126             127           1m @ 6.94 g/t
 GKRC0474     87              97            10m @ 5.21 g/t
 GKRC0461     59              66            7m @ 3.26 g/t
 GKRC0472     114             116           2m @ 3.26 g/t
 GKRC0461     93              95            2m @ 3.13 g/t
 GKRC0463     118             119           1m @ 3.00 g/t
 GKRC0466     49              51            2m @ 2.83 g/t
 GKRC0454     7               8             1m @ 2.39 g/t
 GKRC0471     77              84            7m @ 2.29 g/t
 GKRC0467     112             113           1m @ 1.96 g/t
 GKRC0453     36              40            4m @ 1.93 g/t
 GKRC0464     38              39            1m @ 1.92 g/t
 GKRC0463     122             129           7m @ 1.90 g/t
 GKRC0461     101             110           9m @ 1.85 g/t
 GKRC0453     2               3             1m @ 1.85 g/t
 GKRC0467     106             107           1m @ 1.72 g/t
 GKRC0459     7               11            4m @ 1.62 g/t
 GKRC0453     32              33            1m @ 1.56 g/t
 GKRC0468     22              23            1m @ 1.50 g/t
 GKRC0465     118             122           4m @ 1.50 g/t
 GKRC0468     128             130           2m @ 1.48 g/t
 GKRC0467     101             102           1m @ 1.45 g/t
 GKRC0457     47              48            1m @ 1.44 g/t
 GKRC0471     92              96            4m @ 1.43 g/t
 GKRC0464     19              25            6m @ 1.40 g/t
 GKRC0462     19              21            2m @ 1.34 g/t
 GKRC0461     80              84            4m @ 1.29 g/t
 GKRC0467     89              93            4m @ 1.23 g/t
 GKRC0471     124             134           10m @ 1.22 g/t
 GKRC0464     49              64            15m @ 1.18 g/t
 GKRC0456     16              17            1m @ 1.16 g/t
 GKRC0461     69              72            3m @ 1.14 g/t
 GKRC0468     134             136           2m @ 1.12 g/t
 GKRC0465     136             138           2m @ 1.06 g/t
 GKRC0466     54              66            12m @ 1.05 g/t
 GKRC0462     27              28            1m @ 1.05 g/t
 GKRC0463     91              101           10m @ 1.00 g/t
 GKRC0457     129             130           1m @ 0.93 g/t
 GKRC0457     62              63            1m @ 0.92 g/t
 GKRC0465     128             129           1m @ 0.91 g/t
 GKRC0457     53              54            1m @ 0.88 g/t
 GKRC0458     90              91            1m @ 0.84 g/t
 GKRC0472     120             121           1m @ 0.81 g/t
 GKRC0463     86              88            2m @ 0.75 g/t
 GKRC0471     112             113           1m @ 0.68 g/t
 GKRC0458     95              96            1m @ 0.66 g/t
 GKRC0459     91              93            2m @ 0.60 g/t
 GKRC0461     87              88            1m @ 0.58 g/t
 GKRC0461     132             133           1m @ 0.57 g/t
 GKRC0467     95              96            1m @ 0.55 g/t
 GKRC0456     19              20            1m @ 0.53 g/t
 GKRC0456     59              60            1m @ 0.53 g/t
 GKRC0461     40              41            1m @ 0.50 g/t
 SNWRC0520    99              109           10m @ 1.52 g/t
 SNWRC0526    119             120           1m @ 0.86 g/t
 SNWRC0526    141             142           1m @ 0.61 g/t
 SNWRC0526    158             160           2m @ 0.82 g/t
 SNWRC0527    52              56            4m @ 1.11 g/t
 SNWRC0529    47              48            1m @ 0.68 g/t
 SNWRC0529    52              53            1m @ 0.64 g/t
 SNWRC0530    18              19            1m @ 0.59 g/t
 SNWRC0530    49              50            1m @ 1.78 g/t
 SNWRC0533    85              86            1m @ 3.09 g/t
 SWGCM006951  10              17            7m @ 5.80 g/t
 SWGCM006096  22              26            4m @ 10.00 g/t
 SWGCM006093  10              22            12m @ 3.30 g/t
 SWGCM006060  8               18            10m @ 3.81 g/t
 SWGCM006098  15              20            5m @ 7.09 g/t
 SWGCM006959  17              26            9m @ 3.50 g/t
 SWGCM006960  22              26            4m @ 7.21 g/t
 SWGCM006055  13              18            5m @ 5.39 g/t
 SWGCM006088  15              21            6m @ 3.78 g/t
 SWGCM006091  21              26            5m @ 4.06 g/t
 SWGCM006958  9               16            7m @ 2.86 g/t
 SWGCM006974  6               11            5m @ 3.33 g/t
 SWGCM006095  5               14            9m @ 1.78 g/t
 SWGCM006094  1               8             7m @ 2.03 g/t
 SWGCM006965  5               13            8m @ 1.67 g/t
 SWGCM006967  20              26            6m @ 2.08 g/t
 SWGCM006061  4               7             3m @ 3.86 g/t
 SWGCM006952  22              26            4m @ 2.87 g/t
 SWGCM006059  20              24            4m @ 2.77 g/t
 SWGCM006054  18              23            5m @ 2.21 g/t
 SWGCM006950  7               14            7m @ 1.49 g/t
 SWGCM006099  6               12            6m @ 1.47 g/t
 SWGCM006957  4               9             5m @ 1.73 g/t
 SWGCM006102  20              26            6m @ 1.36 g/t
 SWGCM006100  11              19            8m @ 1.00 g/t
 SWGCM006089  1               8             7m @ 1.03 g/t
 SWGCM006090  7               12            5m @ 1.32 g/t
 SWGCM006982  8               13            5m @ 1.23 g/t
 SWGCM006101  23              26            3m @ 1.54 g/t
 SWGCM006056  3               7             4m @ 1.09 g/t
 SWGCM006057  22              24            2m @ 2.12 g/t
 SNWRC0534    51              52            1m @ 2.62 g/t
 SNWRC0535    50              54            4m @ 2.71 g/t
 SNWRC0536    62              65            3m @ 1.93 g/t
 SNWRC0537    44              53            9m @ 1.10 g/t
 SNWRC0538    51              57            6m @ 7.50 g/t
 SNWRC0538    78              79            1m @ 0.80 g/t
 SNWRC0544    58              60            2m @ 0.77 g/t
 SNWRC0545    31              32            1m @ 0.92 g/t
 SNWRC0546    21              22            1m @ 1.86 g/t
 SNWRC0546    43              44            1m @ 0.50 g/t
 SNWRC0547    0               1             1m @ 2.27 g/t
 SNWRC0554    8               9             1m @ 0.84 g/t

Minimum Interval 1 m Trigger 0.5 g/t (Max 2 m Internal Waste)

GKRC Gonka RC exploration drilling, SNWRC = Sanioumale West RC exploration
drilling, SWGCM = Sanioumale West Grade Control Drilling

Competent Person Review:

David Muir, has reviewed and approved the technical information contained
within this announcement in his capacity as a Competent Person, as required
under the AIM Rules for Companies. David is the Group Database and
Exploration Manager for Hummingbird, and is a "Competent Person", according
to the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves ("JORC Code, 2012 Edition") and is a member of good
standing with the Australian Institute of Geoscientists (AIG).

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold producing Company, member of the World Gold
Council and founding member of Single Mine Origin (www.singlemineorigin.com
(http://www.singlemineorigin.com/) ). The Company currently has two core gold
projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa
Gold Mine in Guinea, which will more than double current gold production
once at commercial production. Further, the Company has a controlling interest
in the Dugbe Gold Project in Liberia that is being developed by joint
venture partners, Pasofino Gold Limited. The final feasibility results on
Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year
capex payback period once in production, and a 14-year life of mine at a low
AISC profile. Our vision is to continue to grow our asset base, producing
profitable ounces, while central to all we do being our Environmental, Social
& Governance ("ESG") policies and practices.

 

For further information, please visit hummingbirdresources.co.uk
(https://www.hummingbirdresources.co.uk/)  or contact:

 

 

 Daniel Betts, CEO       Hummingbird Resources plc  Tel: +44 (0) 20 7409 6660

 Thomas Hill, FD

 Edward Montgomery, CD
 James Spinney           Strand Hanson Limited      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer          Nominated Adviser
 James Asensio           Canaccord Genuity Limited  Tel: +44 (0) 20 7523 8000

                         Broker
 Bobby Morse             Buchanan                   Tel:  +44 (0) 20 7466 5000

 Oonagh Reidy            Financial PR/IR            Email: HUM@buchanan.uk.com (mailto:HUM@buchanan.uk.com)

 George Pope

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDTBBFTMTITMLJ