LONDON - Bluebird Mining Ventures Ltd (FTSE:BMV.L), a mining sector company, disclosed that Aidan Bishop, a director of the company, acquired an additional 1,400,000 ordinary shares on January 22, 2025. The purchase, conducted on the market at a price of 0.83 pence per share, follows the company’s recent announcement on January 15.
The transaction was executed after Bishop received the necessary clearance from the Non-Executive Chairman of the Board, ensuring no inside information was used to influence the decision. This director dealing is part of the company’s ongoing activities in the mining sector, where Bluebird focuses on developing high-grade, low capital expenditure gold projects.
Bluebird, listed on the London Stock Exchange (LON:LSEG), has been actively involved in joint ventures (JVs) to advance 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, which has resulted in approximately US$9 million in cumulative investment across its three JV projects.
The company’s strategy involves free carry structures that allow the advancement of its assets to production while minimizing reliance on international capital markets. Bluebird’s management team has also personally invested around US$2 million in the company, signaling their confidence in the portfolio’s potential.
Bluebird’s assets include historic mines like Gubong and Kochang in South Korea, with geological potential estimated at over 1 million ounces of gold at Gubong alone. The Batangas Gold Project in the Philippines, with a 25-year Mineral Production Sharing Agreement, boasts a JORC compliant resource of 440,000 ounces of gold.
This latest director dealing is a sign of internal confidence in the company’s prospects and aligns 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 statement from Bluebird Mining Ventures Ltd.
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