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Philippine Project Agreement Signed

In brief · summary, not quotable

Philippine gold project agreement executed, providing 10% profit share and bonus payments on sales milestones.

  • Philippine project JORC resource 440,000 oz of gold
  • Profit share 10% in perpetuity
  • Bonus payment per milestone USD 250,000 per 5,000 oz sold
  • Bonus trigger gold price $3,000/oz average
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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."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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