LONDON – Bluebird Ventures Limited (BMV.L), a mining company, revealed that Aidan Bishop, a director of the company, acquired an additional 1,400,000 ordinary shares on 22 January 2025. The purchase was made at a market price of 0.83 pence per share, Following the company's latest announcement on January 15.
The transaction was executed after Bishop obtained the necessary approval from the non-executive Chairman of the Board, ensuring that no inside information was used to influence the decision. The engagement with this manager is part of the company's ongoing activities in the mining sector, where Bluebird focuses on developing high-quality, low-capex gold projects.
Bluebird, included in London Stock Exchange (LON:), has been actively involved in joint ventures (JVs) to develop its mining projects in South Korea and the Philippines. The company has secured local partnerships that contribute operational expertise and capital at the project level, resulting in a cumulative investment of approximately $9 million across its three joint ventures.
The company's strategy includes free carry structures that allow its assets to advance into production while reducing dependence on international capital markets. Bluebird's management team has also personally invested approximately $2 million in the company, indicating their confidence in the portfolio's potential.
Bluebird's assets include historic mines such as Jopong and Kochang in South Korea, with geological potential estimated at more than 1 million ounces of gold in Jopong alone. The Batangas gold project in the Philippines, with a 25-year mineral production sharing agreement, has a JORC-compliant resource of 440,000 ounces of gold.
The recent engagement with the manager is a sign of internal confidence in the company's prospects and is consistent with Bluebird's approach to project development and management's vested interest in the company's success. This information is based on a press release issued by Bluebird Mining Ventures Ltd.
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