LONDON – Bluebird Ventures Ltd (:BMV.L), a company in the mining sector, has disclosed that Aidan Bishop, a director of the company, has acquired an additional 1,400,000 ordinary shares on January 22, 2025. The purchase was made on the market at a price of 0.83 penny per share, following the company’s recent announcement on January 15th.
The transaction was completed after Bishop received the necessary approval from the non-executive chairman of the board, ensuring that insider information was not used to influence the decision. This directorship is part of the company’s ongoing activities in the mining sector, where Bluebird focuses on developing high-quality gold projects with low capital expenditure.
Bluebird, listed on London Stock Exchange (LON:), is 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 project-level capital, resulting in approximately US$9 million in cumulative investment across its three JV projects.
The company’s strategy includes free transfer structures that allow its assets to be upgraded into 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 such as Gubong and Kochang in South Korea, with geological potential estimated at more than one 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 gold resource of 440,000 ounces.
This latest deal with the director is a sign of internal confidence in the company’s prospects and aligns with Bluebird’s approach to project development and management’s interest in the company’s success. This information is based on a press release from Bluebird Mining Ventures Ltd.
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