Major Milestone for Bluebird Mining Ventures As Flagship Philippines Project Gets Key Renewal

Bluebird Mining Ventures Limited, an eminent pan-Asian gold project development company, can start popping the bubbly as it announces a major coup: the renewal of two critical Mineral Production Sharing Agreements (MPSA) in the Philippines. These renewals, granted by the Mines and Geosciences Bureau of the Department of the Environment and Natural Resources, will cover the next two years effective from 2 June 2025.

The celebration is justified: this represents a significant landmark that allows the project to forge ahead more decisively and generate news flow over the coming months. The renewal is granted with the stipulation that a Declaration of Mining Project Feasibility (DMPF) is filed within the period, which is a vital approval that gives the green light for production.

The work undertaken as part of the DMPF will ascertain accurate forecasted production economics. It is anticipated that the DMPF will showcase significantly improved production economics, given the current gold price environment of over US$ 3,000 per ounce and a focus on higher-grade ore zones.

Coupled with a current JORC compliant resource of 440,000 ounces and an initial mining area of 2.6 hectares ensuring an environmentally sustainable and low-cost operation, this project garners substantial resource upside. Aidan Bishop, Bluebird Executive Director and Interim CEO, expressed his joy over this progress at the recent shareholders’ meeting.

The project’s future indeed shines bright. Bluebird Mining Ventures anticipates a significant increase in the value of their project and a substantial write back of value in the Company’s books next year.