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Red Mountain Mining have released the results from their much anticipated pre-feasibility study into the Batangas Gold Project just two hours drive south of Manila in the Philippines. The PFS shows the mine will churn out $46m in free cash over the initial 7 year mine life and produce gold at USD$735 an ounce from a maiden reserve of 128 000 ounces of gold. The project has plenty of upside from a further 320 000 ounces still sitting at inferred status.

Red Mountain Mining will now significantly ramp up their Batangas Gold project in the Philippines following the formalising of their joint venture agreement this week with UK based Bluebird Merchant Ventures. Red Mountain management negotiated a sublime deal with Bluebird that values the Batangas project at 3 times the entire company's market cap.

Red Mountain Mining's strategic funding partner for their Batangas Gold project in the Philippines, Bluebird Merchant Ventures, has listed in London after raising GBP1.675m. AUD$1.7m of that money will now flow to Red Mountain Mining to complete the DFS at Batangas, achieve final permiting for the project and to drill out some high grade gold targets.

ASX listed Philippines high grade gold explorer Red Mountain Mining look set to bank $2.65m in the next few weeks after a strong showing in their recent rights issue and the listing of their strategic financing partner on the London Stock Exchange.

Red Mountain Mining's strategic financing partner, UK based Bluebird Merchant Ventures has announced its intention to list on the London Stock Exchange. Red Mountain has an agreement with Bluebird that will see around AUD$1.2m flow to Red Mountain 3 days after Bluebird lists in return for 15% equity in the company's Batangas Gold project in the Philippines.

Perth based Red Mountain Mining has boosted its cash reserves by $338 000 courtesy of the Federal Government's Research and Development rebate scheme.

In one of the most difficult mining markets in many years, high grade gold explorer Red Mountain Mining has signed a new deal that will see project level funding for its Philippines Batangas based

Perth based Red Mountain Mining has renegotiated its deal with UK based strategic funding partner Bluebird Merchant Ventures Ltd for its Batangas Gold project in the Philippines.

Company now funded to drill test exciting high grade targets

Exploration program strikes bonanza gold grades at surface in the Philippines.

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