MDM has received a letter of intent to complete the detailed feasibility study (DFS) and front end engineering and design (FEED) for Hummingbird Resources’ Dugbe 1 gold project in Liberia.
The Dugbe Shear Zone area consists of 2 000km² in central eastern Liberia, lying some 40 km northeast of the coastal town of Greenville. The project is underlain by Birimian geology, making it highly prospective for gold, and is currently Hummingbird’s most advanced project, with over 61 000m of drilling and a 3.8 Moz gold resource.
In order to expedite the timeframe of mine construction, the FEED will be conducted alongside the DFS, allowing the company to proceed directly to an engineering, procurement and construction contract at the end of the DFS. Hummingbird anticipates the conclusion of the DFS and FEED by the end of Q3 2014.
“MDM is very pleased to have been awarded the DFS and FEED for the Dugbe 1 project in Liberia. Our team’s extensive gold experience in West Africa, which includes completing over 40 gold Bankable and Definitive Feasibility Studies, as well as the construction of over 30 gold plants, will add significant value to Hummingbird Resources. We look forward to a successful working relationship,” says George Bennett, MDM executive director.
MDM recently announced that its merger with global engineering firm, Sedgman had not been concluded. The companies continue to operate as two individual, competitive entities.