Hummingbird Resources, Prospex Oil & Gas, Clear Leisure Plc

Episode 1676,   Dec 17, 2019, 12:44 PM

Dan Betts, Chief Executive Officer of Hummingbird Resources (HUM) discusses their Updated Reserves for the Yanfolila Gold Mine in Mali

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.

Ed Dawson, Managing Director of Prospex Oil & Gas (PXOG) discusses their newly acquired option to acquire a gas power project in Spain.

Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects.

Francesco Gardin, Executive Chairman and CEO of Clear Leisure discusses their investment into GeoSim for Digital Twins of London and Milan.

Clear Leisure plc (AIM: CLP) (formerly Brainspark plc) is an AIM listed investment company with a portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy. The focus of the management is to pursue the monetisation of all of the Company’s existing assets, through selected realisations, court-led recoveries of misappropriated assets and substantial debt-recovery processes. The Company has recently launched a joint venture initiative in the cryptocurrency mining sector.