Bluebird commences work for DMPF at Philippines gold project
Fri May 17 2024
Bluebird Merchant Ventures Ltd, a gold project development company, has announced that the work required for the submission for the grant of a Declaration of Mining Project Feasibility (‘the DMPF’) for an operating gold mine at the Lobo high-grade gold mining target, within the Batangas project area in the Philippines, has commenced.
Lobo, in line with the company’s free carry JV model, is being developed in tandem with the company’s local JV partner which is fully funding the Project’s advancement to a production decision.
The DMPF, together with the Environmental Compliance Certificate, are the two key outstanding compliance permissions for the Project. In order to coordinate and submit a Philippine Mineral Reporting Code 2020 compliant technical report for the grant of a DMPF, local external contractors have been appointed to complete the multiple workstreams and studies required. These include but are not limited to:
Having local contractors is imperative to the success of the Project. Aside from having the necessary technical expertise, they have in-depth regional understanding and the knowledge and ability to effectively liaise with the Philippine Government’s Mines and Geosciences Bureau to ensure the submission is compliant and covers all the relevant economic and social aspects of bringing a mine to fruition. E-Green Management & Environmental Consultancy Corporation are already undertaking the Preparation of the Environmental Impact Study and Application of an Environmental Compliance Certificate.
Bluebird CEO Colin Patterson said, “Momentum is everything, so I am delighted to announce the next step in the advancement of the Batangas Gold Project in the Philippines. Work streams towards both the Declaration of Mining Project Feasibility and the Environmental Compliance Certificate, the two key outstanding compliance permissions for the Project to advance to the production decision, are now underway. As in the case of Gubong, where we recently announced our second free carry JV structure, the project development is being funded through a JV, with a local company who has in depth local mining experience. All the work streams including production of the mine plan based on an initial 10-year mine life and a full resource model to significantly scale the initial 82 000 oz Au, will allow us to fully understand the production potential of Lobo.
“Mining in the Philippines is being actively promoted and we feel that, together with our two high grade South Korean projects, we are in a great position to take advantage of the highly favourable long term gold price environment. With both Gubong and Lobo under JV, going forward and multiple work streams being implemented, we will be highly active on the news front and be able to communicate developments regularly which will be to the benefit of all stakeholders.”
Source: https://www.globalminingreview.com