LONDON - Bluebird Mining Ventures Ltd (FTSE:BMV.L), a gold project development company, announced that Director Aidan Bishop bought 1 million ordinary shares at 0.8 pence each on January 21, 2025. The transaction occurred after Bishop received the necessary clearance from the company's Non-Executive Chairman and confirmed he was not privy to any inside information.
Bluebird, listed on the London Stock Exchange (LON:LSEG), focuses on developing high-grade, low capital expenditure gold projects. It has employed a joint venture strategy to progress its assets in South Korea and the Philippines, leveraging local partners' operational knowledge and investment capital to advance these projects toward production with reduced financial risk.
The company's joint ventures have attracted a cumulative investment of approximately $9 million, with $5 million allocated for the Gubong Gold Mine and $2 million for the Kochang Gold and Silver Mine in South Korea. An additional circa $2 million has been committed to the Batangas Gold Project in the Philippines, funding it to a production decision.
With these partnerships, Bluebird aims to minimize its reliance on international capital markets by securing free carries to production or mine construction for all its projects. The management team has demonstrated confidence in the company's portfolio by personally investing approximately $2 million.
Bluebird's significant assets include the historic Gubong Gold Mine, which has a geological potential estimated at over 1 million ounces of gold in-situ, and the Kochang Gold and Silver Mine, with a resource potential of 550,000 to 700,000 tonnes of ore. The Batangas Gold Project holds a JORC compliant resource of 440,000 ounces of gold and has seen around $20 million in exploration expenditure.
This announcement is based on a press release statement and provides a factual account of Bluebird Mining Ventures Ltd's director dealings and current project developments.
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