Bluebird Merchant gains on finding exploration potential for two projects

Bluebird Mining Ventures

27/02/2023 09:37

** Shares of South Korea-focused mine rehabilitation firm
Bluebird Merchant Ventures Ltd  BMV.L  rise as much as 14% at
2.05p
    ** Stock among top pct gainers across all London shares
 .FTAS 
    ** Co, which re-opened mines towards further development,
says scoping study results for its Kochang and Gubong gold
projects show initial validation of projects' economic potential
    ** Estimates exploration target of about 1.5 Moz of gold
across two project areas 
    ** If gains hold, stock set to post biggest intraday pct
gain in more than three months
    ** As of last close, stock up ~16% YTD, after falling over
34.5% in 2022     
   

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))