Bluebird Mining Ventures Secures Key Permit Renewal in the Philippines

Bluebird Merchant Ventures ( (GB:BMV) ) just unveiled an announcement.

Bluebird Mining Ventures Ltd. has announced the renewal of its two Mineral Production Sharing Agreements (MPSA) in the Philippines for an additional two years, marking a significant milestone in its project development. This renewal allows the company to progress with its mining operations, with the Declaration of Mining Project Feasibility (DMPF) being a key condition for commencing production. The company expects improved production economics due to the current high gold prices and a more targeted focus on higher-grade ore zones. Bluebird is free carried for the renewal period, with costs covered by its local partner, and anticipates a substantial increase in project value and a potential write-back of value in its accounts.

More about Bluebird Merchant Ventures

Bluebird Mining Ventures Ltd. is a pan Asian gold project development company operating in the mining sector, with a focus on developing gold projects in Asia. The company is listed on the FTSE market and is involved in the development of mineral projects, particularly in the Philippines.

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