Pasofino Gold Limited announced egarding the completion of its diamond core drilling programme at the Bukon Jedeh 'gold camp', part of the Company's Dugbe Gold Project in Liberia. Hummingbird holds a 53% shareholding in Pasofino, following the conversion of its controlling interest in Dugbe into a controlling interest in Pasofino, and an additional USD 2 million investment earlier this year. Bukon Jedeh, situated 8 km southeast of Dugbe's Tuzon Deposit, lies along a 4.1 km trend known for its highly productive artisanal gold mining operations.

Previous Reverse Circulation drilling conducted in 2012 and 2013 yielded promising results, including notable high-grade gold intervals. In August 2022, Pasofino conducted a site visit, collecting rock samples which graded as high as up 31 grams per tonne of gold. According to the 2022 Definitive Feasibility Study, Dugbe has total Resources of 4.01 million ounces of gold ("Moz") and total Reserves of 2.76 Moz.

Hummingbird and Pasofino have identified several opportunities to maximise the value of Dugbe through the optimisation of the completed DFS and additional exploration activities, including the work at Bukon Jedeh, aimed at increasing the current Reserves and Resources.