REG - London BTC Company - Gold Hedging Strategy Update

London BTCAnnouncement

05/03/2026 07:00

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RNS Number : 3279V  London BTC Company Limited  05 March 2026

LONDON BTC COMPANY LIMITED

 

Gold Hedging Strategy Update

 

Extensive gold working identified at Chance Gold Mine in Western Australia

 

London, New York, 5 March 2026 - London BTC Company Limited ("Company") (BTC:
LSE, VINZF: OTCQB), the London Stock Exchange Main Market-listed Bitcoin
mining and treasury company with mining operations across North America, is
pleased to update shareholders on the recent geological site visit to the
Chance Gold Mine in Western Australia.

 

The Company recently announced that it had entered a call option to acquire
the Chance Gold mine as part of the Company's strategy to hedge against
Bitcoin volatility.

 

The historic Chance Gold Mine is located approximately 4 km south of the
historic 2.6Moz Copperhead Gold Mine near the town of Bullfinch in the Western
Australian Goldfields.

 

The site visit  to the Chance Gold Mine, which has reported historic
production in the 1930's of gold ore grading 9.4 grams per tonne of gold (g/t
Au), saw clear evidence of extensive old workings over considerable distances,
as shown in figures 1, 2 and 3. Forty (40) rock chip samples have been
collected from the site and are in the laboratory in Perth for gold and
multi-element analysis. Refer to figure 4 for selection of rock chip samples
taken from site.

 

David Lenigas, Chairman of London BTC Company Limited, comments:

 

"We believe this is very exciting for shareholders. The geological site visit
at the Chance Mine clearly shows evidence of extensive historical gold
workings over a significant distance and good widths in a prime gold
jurisdiction in Western Australia. I have personally inspected of the rock
samples before they were sent to the assay lab and I'm optimistic we could see
some good gold grades returned. We now eagerly await the assay results from
the Perth laboratory to initiate next steps. A pleasing aspect of this project
and its attraction, is the lack of visible modern exploration techniques on
this area, especially considering that it is so close to the 2.6 million-ounce
Copperhead Gold Mine. Herein lies the value-add opportunity for London BTC. We
aim to elevate the value of this asset by using cost-effective and modern-day
exploration techniques to prioritise drill targets. If we can achieve some
high-grade drill intercepts, the value of these tenements will potentially
rise significantly and thereby proving that the gold hedge is a great way to
mitigate Bitcoin volatility."

 

Hewie Rattray, CEO of the Company stated:

 

"The gold hedging strategy delivers an active approach to asset allocation,
with a diversified plan for risk mitigation. While we remain long-term and
highly enthusiastic stakeholders in Bitcoin as a strategic treasury asset, we
also recognise that market conditions require active balance sheet management.
The selective conversion of a portion of our Bitcoin holdings enables us to
advance our gold hedging strategy, which we believe enhances the Company's
resilience and long-term prospects. London BTC Company is very bullish for the
long-term prospects for Bitcoin, and we remain fully committed to our North
American Bitcoin miner roll-out and building a bigger Bitcoin treasury."

 

In addition, the Company advises that the 30-day exclusivity period for Call
Option to acquire the tenements (as announced on 30 January 2026) has been
extended by mutual agreement of both parties until the gold assay results have
been received back from the laboratory from the rock chip samples.

 

The Company also advises it has converted 5.99 of its Bitcoin it holds in
treasuries to US dollars which has realised a total of US$474,409 at an
average Bitcoin price of US$79,167 per Bitcoin, to deploy towards the gold
hedging strategy - a premium above current Bitcoin price. These funds will be
drawn upon to fund the gold deals that match the Company's hedging objectives
and for general working capital and operating costs. As at the date of this
announcement, the Company holds a total of 80.2603 Bitcoin within its treasury
holdings.

 

The Company advises that has a strong balance sheet, no external debt and
1,048 Bitcoin miners producing Bitcoin in North America at hosting centres in
the US in Indiana, Iowa, Nebraska, Texas and Labrador (Canada). The Company
plans to add to the mining fleet in 2026 and is continually assessing the time
and cost implications/benefits in doing so.

 

In addition to this initial gold hedge deal in Australia, the Company advises
that it is also establishing a gold arm in the US and will be active in
staking prospective gold acreage in Nevada and California and we anticipate
owning our first US ground within the next month.

 

Figure 1: Inspecting historic gold workings at the Chance Gold Mine in Western
Australia.

 

Figure 2: Clear evidence of extensive historic gold workings at the Chance
Gold Mine.

 

 

Figure 3: Underground gold workings at the Chance Gold Mine.

 

 

Figure 4: One of the 40 rock chip samples from the Chance Gold Mine site visit
that is now in for assay.

Figure 5: Location of the Chance Gold Mine and Project and Copperhead Gold
Mine

 

Figure 6: Location of the Chance Gold Mine Project in Australia

 

The directors of London BTC Company Limited accept responsibility for this
announcement.

 

For further information please contact:

 

 London BTC Company Limited                  Hewie Rattray, CEO hewie@ldnbtc.com

                                             David Lenigas, david@ldnbtc.com

                                             Rob Scott, Finance Director, rob@ldnbtc.com

                                             Jeremy Edelman, jeremy@ldnbtc.com

 First Sentinel (Corporate Adviser)          Brian Stockbridge

                                             brian@first-sentinel.com

                                             T: +44 (0) 20 3855 5551

 Clear Capital Markets (Broker)              Bob Roberts

                                             bobroberts@clear-cm.co.uk

                                             T: +44 (0) 20 3869 6080

 Marex Financial (Joint Broker and Advisor)  Angelo Sofocleous / Keith Swann / Matt Bailey (Broking)

                                             Email: corporate@marex.com

                                             T: +44 (0) 207 655 6000

 

About London BTC Company Limited

 

The Company's primary listing is on the London Stock Exchange (United Kingdom)
under the ticker "BTC.L" and it trades in the USA on the OTCQB under the
ticker "VINZF". The Company is building up a strategic Bitcoin holding through
acquiring Bitcoin as a treasury and currency management tool and through
adding Bitcoin generated from its mining operations in North America. The
Company currently operates Bitcoin miners hosted across multiple third-party
facilities in Indiana, Iowa, Nebraska and Texas (USA) and Labrador (Canada).

 

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