REG - Bluebird Mining Vnt. - Philippine Project Agreement Signed

Bluebird Mining VenturesAnnouncement

08/07/2025 07:00

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RNS Number : 1436Q  Bluebird Mining Ventures Limited  08 July 2025

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

 

8 July 2025

 

Bluebird Mining Ventures Ltd

('Bluebird' or 'the Company')

 

Philippine Project Agreement Signed

 

Bluebird Mining Ventures Ltd., a pan Asian gold project development company,
is very pleased to announce that the agreement over its gold project in the
Philippines has now been executed.  The key terms of the agreement as
previously announced on 24 June 2025, 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 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 well as being able to appoint an observer to board meetings.
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 to convert physical gold to
"digital gold" i.e. bitcoin.

 

Further to the Issue of Equity that was announced on 16 June 2025 and
following receipt of the Direct Subscription funds and the subsequent issue of
shares, the Company has made an application for the admission to trading of
96,586,957 shares.  Admission is expected on or around 10 July 2025.

 

Total Voting Rights

 

Following Admission, the total number of Ordinary Shares in issue will be
863,683,704 ordinary shares of nil par value. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Bluebird Executive Director and Interim CEO Aidan Bishop said, "The signing of
the agreement is a positive step forward in positioning the Company to
potentially receive substantial future revenues in perpetuity over the life of
the mine.  This will represent a significant multiple over the investment
made in the Philippines.  Our new bitcoin treasury strategy is starting to
take real shape, and there will be further news to come this month."

 

 

**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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