RCS - Bluebird Mining Vnt. - Reinterpretation of Philippine Economic Model

Bluebird Mining VenturesAnnouncement

07/05/2025 07:00

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RNS Number : 5779H  Bluebird Mining Ventures Limited  07 May 2025

Bluebird Mining Ventures Ltd / EPIC: BMV.L / Market: FTSE / Sector: Mining

7 May 2025

 

Bluebird Mining Ventures Ltd

('Bluebird' or 'the Company')

 

Reinterpretation of Philippine Economic Model

 

Bluebird Mining Ventures Ltd., a pan Asian gold project development company,
is very pleased to provide an overview reinterpretation of the economics of
the Pre-Feasibility Study (PFS) originally carried out in 2016 and that was
published by the previous project partners.

 

The reinterpretation was done by Dr Green of Optimo Capital Ltd using a
revised and conservative gold price input of US$3,000 per ounce (against a
current spot price of @ US$3,400/oz) whilst simultaneously increasing the
input C1 operating costs by 60% and the capex by 100% to consider the rate of
inflation.  This results in an improved IRR of 44% and an NPV10 of US$70.5
million based on Bluebird's net 75% current ownership.

 

Whilst the reinterpretation is highly encouraging, we also make the point that
the envisaged project initially focuses on a smaller project footprint the
exhibits higher grade ore zones.  The Company therefore expects the economic
profile of the project to be further improved from that of the original PFS.
A full updated project economic feasibility will be worked as part of the
Declaration of Mining Project Feasibility (DMPF) work that will now be
undertaken.

 

 

 

**ENDS**

 

For further information please visit https://bluebirdmv.com or contact:

Jonathan Morley-Kirk    Bluebird Mining Ventures Ltd     Email:
jmk@bluebirdmv.com (mailto:colin@bluebirdmv.com)

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