Investors3
2 years ago
Bluejay Mining PLC Announces Appointment of Executive Chairman
Press Release | 10/25/2022
LONDON, UK / ACCESSWIRE / October 25, 2022 / Bluejay Mining plc, the AIM, FSE-listed and OTCQB traded exploration and development company, is delighted to announce the appointment of Mr. Robert Edwards as Executive Chairman to the Board of the Company, with immediate effect.
Mr. Edwards brings over 30 years of relevant experience in the natural resources sector to Bluejay, including roles in production mining, new business, investment banking, capital markets, consulting and a range of board level experience across multiple commodity groups and jurisdictions.
From 2013 until 2022 Mr Edwards served as a Non-Executive Director of MMC Norilsk Nickel, the world's largest producer of nickel and palladium and a leading producer of platinum and copper, operating complex full cycle production assets in Russia and Finland. Mr. Edwards also served as Non-Executive Chairman of Sierra Rutile Limited, a leading producer of mineral sands products. He was closely involved in the execution of the sale of Sierra Rutile Limited to Iluka Resources for US$285 million in 2016. His experience in both of these roles will prove invaluable in Bluejay's development of the Dundas Ilmenite as well as the Disko-Nuussuaq Projects in Greenland as well as the rest of the highly prospective portfolio of exploration opportunities in Greenland and Finland.
Mr. Edwards also serves as a Non-Executive Director of ASX listed Sandfire Resources Limited and AIM listed Chaarat Gold Holdings Limited. Mr. Edwards graduated from the Camborne School of Mines with an honours degree in Mining Engineering (B.Eng. ACSM).
Michael Hutchinson, Interim Non-Executive Chairman of Bluejay Mining, commented:
"I am delighted to have somebody of Mr. Edwards calibre on board as the Company's Chairman. His previous experience in working at projects which are similar to ours as well as project financing could not be better suited to Bluejay, its strategy, objectives, and the development of its exciting portfolio of assets.
"It has been a pleasure to serve as the Company's Chairman once again, albeit in an interim position. Together with the rest of the team, I look forward to continuing to guide Bluejay in my Non-Executive Director position."
Robert Edwards, incoming Executive Chairman of Bluejay Mining, commented:
"It's an honour to be appointed as the Bluejay Mining, Executive Chairman, in what promises to be a transformational period. Since its creation Bluejay has been a pioneer in the development of Greenland's minerals industry and has been very successful in securing a highly prospective exploration portfolio both in Greenland and Finland, two of the world's most favourable mining jurisdictions. Converting the combination of these world class opportunities and clear in-country management expertise in both regions that Bluejay has established into a strong value proposition for shareholders as well as our partners is a challenge which I look forward to. There has never been a more compelling case to develop sustainable supplies of future facing commodities.
"I look forward to enjoying a highly collaborative relationship with the entire Bluejay team, particularly our Chief Executive Officer, Bo Møller Stensgaard."
AIM disclosures
The following details in relation to the appointment of Mr Robert Willem John Edwards, aged 56, are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships
Previous directorships in the last 5 years
Chaarat Gold Ltd
GB Minerals Ltd
Highcross Resources Ltd
MMC Norilsk Nickel
Metal Capital Exploration Limited
Metal Capital Limited
Sandfire Resources Ltd
Sandfire Resources (ES) SL
Mr Edwards does not hold any ordinary shares of the Company and has today been granted the following share options:
· 1,500,000 share options with an exercise price of 0.10 pence exercisable from today up until 1 October 2023
· 3,000,000 share options with an exercise price of 0.15 pence exercisable from today up until 1 October 2024
· 4,500,000 share options with an exercise price of 0.20 pence exercisable from today up until 1 October 2025
· 8,000,000 share options with an exercise price of 0.25 pence exercisable from today up until 1 October 2026
Save as disclosed above, there are no additional disclosures to be made in accordance with Rule 17 or Schedule 2(g) of the AIM Rules.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.
For further information on the Company and the project please visit the website at: www.bluejaymining.com
Contacts:
Kevin Sheil/Bluejay Mining plc/enquiry@bluejaymining.com
Ewan Leggat /
Adam Cowl/SP Angel Corporate Finance LLP
(Bluejay Mining Nominated Adviser)/+44 (0) 20 3470 0470
Andrew Chubb/Hannam & Partners/+44 (0) 20 7907 8500
Tim Blythe /
Megan Ray/BlytheRay (Bluejay Mining Press Contact)/+44 (0) 20 7138 3205
About Bluejay Mining Plc
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay has now secured four globally respected entities as partners, customer, and co-investor on three of its projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.
Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has signed a definitive joint venture agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials for electric vehicles (The Disko-Nuussuaq Project). Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio. Other investors in KoBold include Andreessen Horowitz, the premier Silicon Valley venture capital fund and Equinor, the Norwegian state-owned multinational energy company.
Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and being developed towards production in the near term, with preparatory activities scheduled to commence in 2022. Dundas has a Mineral Resource reported in accordance with the JORC Code of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company has signed on a major European bank to head the financing syndicate for Dundas. The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current and future projects.
Disko Exploration Ltd holds two additional projects in Greenland - the 692sq km Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay has agreed a joint-venture agreement with a mining major at its Enonkoski Project in Finland and has recently signed a binding agreement for a partial divestment in a fourth Finnish project.
**ENDS**
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Bluejay Mining PLC
View source version on accesswire.com:
https://www.accesswire.com/722103/Bluejay-Mining-PLC-Announces-Appointment-of-Executive-Chairman
https://www.otcmarkets.com/stock/BLLYF/news/Bluejay-Mining-PLC-Announces-Appointment-of-Executive-Chairman?id=377282
Investors3
2 years ago
Bluejay Mining PLC Announces 2022 Disko-Nuussuaq Field Programme Completed
Press Release | 10/10/2022
2022 Disko-Nuussuaq Field Programme Successfully Completed
LONDON, UK / ACCESSWIRE / October 10, 2022 / Bluejay Mining plc, the AIM, FSE-listed and OTCQB traded exploration and development company is pleased to announce the successful completion of the 2022 work programme at its Green Transition and Battery Metals Disko-Nuussuaq ('Disko') Project, on behalf of Nikkeli Greenland A/S, the Joint Venture ('JV') company created by Bluejay and its JV partner KoBold Metals ('KoBold').
Highlights
2022 field activities within this highly prospective region targeted numerous areas for massive nickel, copper, cobalt and platinum group metals ('PGM') bearing sulphides using cutting edge technology and included:
o 3,030 line kilometres ('km') of Falcon Airborne Gravity Gradiometer, Gravity, Magnetics
o 2,115 line km of high resolution UAV Magnetics
o 699 SAMSON deep-penetrating ground ElectroMagnetic ('EM') Stations
o 1,068 line km of HeliSAM airborne Electro-Magnetics
o 3,572 geochemical samples (outcrop, soil, stream sediment samples)
o 45 square km bathymetric survey / photogrammetric survey of key mobilisation locations
The geophysical data, mapping and the pending geochemical results for all target areas are currently being further integrated with existing data and interpreted by KoBold's expert team utilizing their proprietary artificial intelligence platforms to prioritise and ratify mineralisation targets for eventual drilling.
One example of early geophysical indications was from the Igdlukunguak area, the site of the historical initial 28-ton massive nickel sulphide boulder discovery, where this season we identified the presence of a 600 metre ('m') EM anomaly along strike of known mineralisation.
Bluejay fulfilled the role of Field Operations Manager during the 2022 field programme which commenced in June and ended in September, and received an expenditure-based fee for this role.
The JV Company will incorporate the extensive exploration results, once received, into the 2023 exploration plans.
Kurt House, CEO of KoBold Metals, commented: "Our joint exploration campaign on Disko Island this summer was a significant step forward. We've identified many novel targets and significantly updated our exploration hypotheses. We are looking for what we think could be the most significant nickel and cobalt discoveries in 100 years."
Bo Mller Stensgaard, CEO of Bluejay Mining, commented: "I am excited to report that our first JV exploration campaign with KoBold at Disko-Nuussuaq has been completed successfully. The exploration work performed this summer forms the basis of what we hope will become a globally significant exploration find.
"We are particularly encouraged by the preliminary results we have received to date. At the Igdlukunguak target area on the north coast of Disko Island, the location of the notable historical discovery of the 28 tons Igdlukunguak massive-sulphide boulder (which assayed 6.9% Ni, 3.7% Cu, 0.6% Co and 2g/t PGM), the SAMSON ground programme showed a 600m encouragingly strong, continuous late time EM anomaly with slow decay. This new SAMSON identified anomaly is coincidental with historic geophysical anomalies and is proximal to known mineralisation. This exciting early result, which could potentially represent a target for future drilling for a mineralised body, is just one of the early results from the extensive work programme carried out this summer.
"Numerous other target areas at both Disko Island and Nuussuaq Peninsula were surveyed, and the output is currently being analysed. Once received, the full exploration results will be tied into 2023 exploration plans, and we look forward to updating the market on this.
"The Company is looking to identify a new Battery Metals district which is essential to supporting the global shift to green energy and net zero targets.
"Both Bluejay's own employees and contracted staff, together with KoBold Metals' employees participated in the field work. Our local expertise and experience together with KoBold's outstanding team of experts in the fields of mineralising systems, geophysical and data science, provides a collaborative and complementary match that should enable us to advance quickly into the next phase of work at Disko. We would like to thank the local communities around the project area for their hospitality, service and support throughout the field programme. In addition, we would like to acknowledge the important contributions from local contractors involved in the execution of the activities and the support from Greenland's authorities.
"In total, 2022 represents the most comprehensive exploration campaign ever carried out by Bluejay, a true testament to our operating capabilities in the region."
Further Information & Key Work Programme Details
The work programme which commenced in June 2022 focused on extensive data collection through more than 4,500 line km of aerial geophysical surveying, including 2,115 line km of a high-resolution drone magnetic survey performed by EarthEx Geophysical Solutions Inc., 200 line km of soil sampling and 3,030 line km of Falcon Airborne Gravity Gradiometer and Magnetics ('Falcon AGG'). Falcon AGG provides low noise, higher resolution, higher sensitivity, measured error and the highest possible production rate.
Bluejay acts as the Field Operation Manager for all activities carried out in the field under the Joint Venture. Nikkeli Greenland A/S (the Greenland registered JV company between Bluejay Mining and KoBold Metals) workforce included 12 Greenlandic workers, as well as number of local contractors, including, Royal Arctic, Air Greenland, Polar Oil, Polar Dive, Pisiffik and STARK. Several local construction companies, also contributed to the completion of a successful, safe programme.
KoBold's technical ability to rapidly adjust and parse incoming geophysical survey data unquestionably maximised the Company's productive window. As an example, a switch from a helicopter-based to ground-based EM acquisition dramatically improved our ability to "see" through conductive cover, to potential targets at depth.
The Dual Ground / Air EM programme, provided by Discovery International Geophysics, covered 699 SAMSON Ground EM Stations and 1,068 line km of HeliSAM airborne EM. HeliSAM is a Hybrid Transient Electromagnetic ('TEM') technique that uses an inductive ground-based transmitter loop in conjunction with a helicopter towed cesium vapour total field magnetic sensor. SAMSON uses a TM-7 receiver system to perform time-domain EM surveys using a total field cesium vapor sensor. This allows the system to operate at very low base frequencies needed for determining the true late-time decay constant of a highly conductive or deep target.
Additionally, and to optimise forward looking logistics, Nikkeli A/S undertook a 45 square km multibeam bathymetric survey, covering key marine access points of Disko Island and the Nuussuaq Peninsula. This will provide a safe approach for ocean-going vessels and barges to mobilise and demobilise equipment in future seasons. To potentially reduce the Company's dependency on helicopters and overall fuel consumption, a photogrammetric survey of a historical 25 km long gravel road located in the Aaffarsuaq Valley on the Nuussuaq was undertaken. Minor repairs to this road would allow vehicle access to potential exploration targets and improve exploration efficiency.
**ENDS**
For further information on the Company and the project please visit the website at: www.bluejaymining.com
Contacts:
Kevin Sheil Bluejay Mining plc enquiry@bluejaymining.com
Ewan Leggat /
Adam Cowl SP Angel Corporate Finance LLP
(Bluejay Mining Nominated Adviser) +44 (0) 20 3470 0470
Andrew Chubb Hannam & Partners
(Bluejay Mining Advisory) LLP +44 (0) 20 7907 8500
Tim Blythe /
Megan Ray BlytheRay
(Bluejay Mining Press Contact) +44 (0) 20 7138 3205
About Bluejay Mining Plc
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay has now secured four globally respected entities as partners, customer, and co-investor on three of its projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.
Bluejay has a Joint Venture with KoBold Metals to guide exploration for new deposits rich in the critical materials for electric vehicles (The Disko-Nuussuaq Project). Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio. Other investors in KoBold include Andreessen Horowitz, the premier Silicon Valley venture capital fund and Equinor, the Norwegian state-owned multinational energy company.
Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and being developed towards production in the near term, with preparatory activities scheduled to commence in 2022. Dundas has a Mineral Resource reported in accordance with the JORC Code of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company has signed on a major European bank to head the financing syndicate for Dundas. The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current and future projects.
Bluejay holds two additional projects in Greenland - the 692sq km Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay has agreed a joint-venture agreement with a mining major at its Enonkoski Project in Finland and has recently signed a binding agreement for a partial divestment in a fourth Finnish project.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Bluejay Mining PLC
View source version on accesswire.com:
https://www.accesswire.com/719587/Bluejay-Mining-PLC-Announces-2022-Disko-Nuussuaq-Field-Programme-Completed
https://www.otcmarkets.com/stock/BLLYF/news/Bluejay-Mining-PLC-Announces-2022-Disko-Nuussuaq-Field-Programme-Completed?id=375424
Investors3
2 years ago
Kangerluarsuk Survey Programme
Press Release | 09/14/2022
September 14, 2022
OTC Disclosure & News Service
London, ENG, United Kingdom —
This release includes additional documents. Select the link(s) below to view.
Kangerluarsuk survey Final.pdf
https://www.otcmarkets.com/stock/BLLYF/news/Kangerluarsuk-Survey-Programme?id=372361
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
14 September 2022
Bluejay Mining plc (‘Bluejay’ or the ‘Company’)
Kangerluarsuk Survey Programme
Bluejay Mining plc, the AIM, FSE-listed and OTCQB traded exploration and development company, is pleased to provide an update on the 100% owned Kangerluarsuk zinc-lead-silver project (‘Kangerluarsuk’ or the ‘Project’) in West Greenland.
Highlights
• Aerial geophysical survey covering nearly 600-line kilometre’s (‘km’) of gravity gradiometry,
magnetic and terrain data was completed last week, within budget, and with 100% of the data
accepted.
• Fully processed results will be received in Q4 2022, with further integration and interpretation
concluding in Q1 2023, with the anticipation of raising confidence in existing drill targets and
adding additional ones.
• Kangerluarsuk, located 12km north of the historical Black Angel zinc, lead and silver mine
(Greenland’s most profitable historic mine), has never been drilled. Bluejay plan to drill as soon
as is practicable.
•Work by previous operators produced outcropping surface channel results of up to 41.1% zinc &
45.4% lead and grab samples of up to 9.3% lead, 1.2% copper and 596 grammes per tonne (‘g/t’)
silver.
Bo Møller Stensgaard, CEO of Bluejay Mining, commented:
"We are excited to have completed the airborne gravity survey at Kangerluarsuk. The data was acquired through the efficient cost-effective use of this platform already operating in West Greenland. This data will ultimately allow us to increase confidence in a future drill campaign at the Project.
“With Zinc’s inclusion in the 2022 List of Critical Minerals issued by the U.S. Geological Survey, the Company believes that Kangerluarsuk has the potential to create material value for our shareholders. We look forward to sharing the results of the survey following receipt of the analysed data.”
Further Information
The Kangerluarsuk aerial survey commenced in late August and was completed last week. This aerial fixedwinged survey was conducted by Xcalibur Multiphysics covering 587-line km’s utilised Lockheed Martin’s aerial gravity gradiometer, high precision Scintrex magnetometer data, and a laser scanner for accurateterrain data. The survey was completed within budget and had 100% of the collected data accepted. The fully processed data, which includes gravity surveying, is expected to be delivered in Q4 2022.
Further interpretation and integration of the gravity gradiometry data with existing geological, geophysical and geochemical datasets will be assimilated into the Company’s model of Kangerluarsuk. This will increase targeting confidence, allowing prioritisation of existing targets, as well as potentially adding new targets ahead of a future drilling campaign.
Historic work at Kangerluarsuk by previous operators identified outcropping mineralisation with up to 41.1% zinc & 45.4% lead and grab samples of up to 9.3% lead, 1.2% copper and 596 g/t silver. The attractiveness of these potential grades makes this project extremely exciting for Bluejay. Previous geophysical programs have identified several drill-targets, coincident with strong surface and deep penetrating geochemical anomalies.
Newly discovered exposures of the Qaarsukassak Formation, the host to all known zinc-lead-silver mineralisation at Kangerluarsuk, are inferred to correlate with the Mârmorilik Formation which hosts the former Black Angel mine. This potentially increases the prospectivity of Bluejay’s licence areas and the Company is hopeful that a drill programme at this licence area forms the basis for a future mine.
The Kangerluarsuk Project is data-rich and provides an excellent benchmark for assessing the geology, the mineralisation and the delineation of drill-targets from multiple data types. Exploration data until now has included extensive grab, trench and channel geochemical rock sampling; detailed structural, lithological and geological mapping; photogrammetry data; surface soil, stream and scree geochemistry; deep penetrating MMI™ (Mobile Metal Ion) and SGH™ (Spatiotemporal Geochemical Hydrocarbon) geochemistry; vegetation-based biogeochemistry; helicopter-borne DIGHEMV and ZTEM electromagnetic data surveys; and, a pilot reflection seismic data-profile.
About Kangerluarsuk
• The Kangerluarsuk zinc-lead-silver project is located within the Karrat Group, a major Palaeoproterozoic sedimentary basin with abundant zinc-lead-silver (± copper) showings.
• The Karrat Group hosts the former Black Angel mine which produced 11 million tonnes at 12.6% zinc, 4.1% lead and 29 g/t silver during operation by Cominco (1973-86) and later Boliden (1986-90), and is situated only 12 km south of Bluejay's licence area which consists of two 100% owned mineral exploration licences totalling 692 square km.
• Bluejay’s licence areas are acknowledged by GEUS as containing the strongest cluster of stream sediment zinc anomalies in the whole of Greenland. A greater than 100 square km base metal anomaly demonstrates the polymetallic deposit potential at Kangerluarsuk.
• Prospecting by previous operators Rio Tinto Zinc and Platinova Resources in the early 1990s revealed several locations with outcropping high-grade, stratabound sediment-hosted zinc-leadsilver ± copper mineralisation including channel sample profiles up to 1 metre at 41.1% zinc, 0.4m at 45.4% zinc and grab samples of up to 9.3% lead, 1.2% copper and 596 g/t silver within Bluejay’s licence areas.
Photo: The Xcalibur Multiphysics operated aircraft outfitted with Lockheed Martin’s aerial gravity gradiometer, high precision Scintrex magnetometer, and a laser scanner for accurate terrain data. The Kangerluarsuk survey was conducted out of Ilulissat Airport. (at link below)
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. For further information on the Company and the project please visit the website at:
www.bluejaymining.com
Contacts:
Kevin Sheil Bluejay Mining plc enquiry@bluejaymining.com
Ewan Leggat /Adam Cowl SP Angel Corporate Finance LLP
(Bluejay Mining Nominated Adviser) +44 (0) 20 3470 0470
Andrew Chubb Hannam & Partners +44 (0) 20 7907 8500
Tim Blythe /Megan Ray BlytheRay
(Bluejay Mining Press Contact) +44 (0) 20 7138 3205
About Bluejay Mining Plc
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay has now secured four globally respected entities as partners, customer, and co-investor on three of its projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.
Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has signed a definitive joint venture agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials for electric vehicles (The Disko-Nuussuaq Project). Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio. Other investors in KoBold include Andreessen Horowitz, the premier Silicon Valley venture capital fund and Equinor, the Norwegian state-owned multinational energy company.
Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and being developed towards production in the near term, with preparatory activities scheduled to commence in 2022. Dundas has a Mineral Resource reported in accordance with the JORC Code of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company has signed on a major European bank to head the financing syndicate for Dundas. The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current and future projects.
Disko Exploration Ltd holds two additional projects in Greenland - the 692sq km Kangerluarsuk zinc-leadsilver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay has agreed a jointventure agreement with a mining major at its Enonkoski Project in Finland and has recently signed a binding agreement for a partial divestment in a fourth Finnish project.
**ENDS**
https://www.otcmarkets.com/otcapi/company/dns/news/document/61711/content
Investors3
2 years ago
Virtual Battery Metals Investor Conference
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with
projects in Greenland and Finland, announces that Bo Møller Stensgaard, CEO, will be presenting at the
Virtual Battery Metals Investor Conference on Tuesday August 23rd at 4:00 - 4:30pm ET (9:00 – 9:30pm
BST).
This will be a live, interactive online event where investors are invited to ask the Company questions in
real-time.
Notes
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the
OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay has now secured three
globally respected entities as partner, customer, and co-investor on three of its projects, giving the
Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.
Bluejay has signed a definitive joint venture agreement with KoBold Metals to guide exploration for new
deposits rich in the critical materials for electric vehicles (The Disko-Nuussauq Project). Principal investors
in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and
whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio. Other investors in KoBold include
Andreessen Horowitz, the premier Silicon Valley venture capital fund and Equinor, the Norwegian stateowned multinational energy company.
Bluejay’s most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and
being developed towards production in the near term, with preparatory activities scheduled to commence
in 2022. The Dundas Ilmenite Project has a Mineral Resource reported in accordance with the JORC Code
of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of
ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a
Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated
440ktpa annual output. The Company's strategy is focused on securing financing ahead of commencing
commercial production at Dundas and has appointed a Global Investment Bank as the lead arranger. This
strategy will create a company capable of self-funding exploration on its current and future projects.
Bluejay holds two additional projects in Greenland - the 692sq km Kangerluarsuk zinc-lead- silver project
('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver
and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has
the potential to host large-scale base metal and gold deposits. Bluejay also has a joint-venture agreement
with a mining major at Enonkoski in Finland and has recently signed a binding agreement for a partial
divestment in a fourth Finnish project.
**ENDS**
https://www.otcmarkets.com/stock/BLLYF/news/Virtual-Battery-Metals-Investor-Conference?id=369385
Investors3
2 years ago
Interesting update video (11.13 minutes): https://bluejaymining.com/investors/media-interviews/
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
19 July 2022
Bluejay Mining plc ('Bluejay' or the 'Company')
Field Season Podcast
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce the publication of a podcast recording with Bluejay's Chief Executive Officer, Mr Bo Møller Stensgaard.
The podcast discusses this summer's active field season planned at four of the Company's projects: The Disko-Nuussuaq Project, The Dundas Project, The Kangerluarsuk Project and The Enonkoski Project.
The Podcast is available to listen on the following link:
and can also be found on the Company's website at https://bluejaymining.com/investors/media-interviews
For further information please visit http://www.bluejaymining.com or contact:
Bo Stensgaard / Kevin Sheil
Bluejay Mining plc
enquiry@bluejaymining.com
Ewan Leggat/ Adam Cowl
SP Angel Corporate Finance LLP(Nominated Adviser)
+44 (0) 20 3470 0470
Andrew Chubb
Hannam & Partners (Advisory) LLP
+44 (0) 20 7907 8500
Tim Blythe/ Megan Ray
BlytheRay
+44 (0) 20 7138 3205
Notes
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay has now secured three globally respected entities as partner, customer, and co-investor on three of its projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.
Bluejay has signed a definitive joint venture agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials for electric vehicles (The Disko-Nuussauq Project). Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio. Other investors in KoBold include Andreessen Horowitz, the premier Silicon Valley venture capital fund and Equinor, the Norwegian state-owned multinational energy company.
Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and being developed towards production in the near term, with preparatory activities scheduled to commence in 2022. The Dundas Ilmenite Project has a Mineral Resource reported in accordance with the JORC Code of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas and has appointed a Global Investment Bank as the lead arranger. This strategy will create a company capable of self-funding exploration on its current and future projects.
Bluejay holds two additional projects in Greenland - the 692sq km Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also has a joint-venture agreement with a mining major at Enonkoski in Finland and has recently signed a binding agreement for a partial divestment in a fourth Finnish project.
**ENDS**
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