REG - Bluebird Mining Vnt. - Company Update

Bluebird Mining VenturesAnnouncement

24/06/2025 07:00

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RNS Number : 0685O  Bluebird Mining Ventures Limited  24 June 2025

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

 

24 June 2025

 

Bluebird Mining Ventures Ltd

('Bluebird' or 'the Company')

 

Company Update

 

Bluebird Mining Ventures Ltd., a pan Asian gold project development company,
is pleased to announce that the agreement over its gold project in the
Philippines is substantially now in final form being only subject to final
reviews before execution.  The Company expects the agreement to conclude
imminently.

 

The key terms, subject to execution, are as follows:

 

·    Bluebird will receive a 10% profit share from the Philippine gold
project in perpetuity over the life of the mine with the implementation of a
transparent dividend policy to ensure cash receipts.

 

·    Furthermore, Bluebird will receive additional bonus royalty payments
of USD 250,000 at every gold sales milestone of 5,000 oz subject to the
average gold price over the period being over $3,000/oz

 

The Philippine project has a JORC compliant resource estimate of 440,000 oz of
gold over the total area of the licenses.  Bluebird will incur no further
expenditure but will retain certain rights of inspection of production plans
and records.  As announced on the 5 June 2025, the Company intends to convert
cash receipts that it will receive in the future from streaming revenues into
bitcoin.  This is in line with the Company's strategy (that we believe is a
first in the UK) to convert physical gold to "digital gold" i.e. bitcoin.

 

The Company further confirms that it has received the proceeds from the Direct
Subscription that was announced on 16 June 2025 and will make a further
announcement in due course regarding the issuance of the shares and Admission
to trading.

 

Bluebird Executive Director and Interim CEO Aidan Bishop said, "We are now on
the cusp of executing the agreement in the Philippines which will open the
door to the potential of substantial revenue over time for the Company and
will represent a significant multiple over the investment made in the
Philippines.  Our new bitcoin treasury strategy is starting to take real
shape, and I look forward to providing further updates in short order."

 

 

**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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