Bluejay Mining PLC Board Appointment (5765P)
September 04 2017 - 1:00AM
UK Regulatory
TIDMJAY
RNS Number : 5765P
Bluejay Mining PLC
04 September 2017
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
4 September 2017
Bluejay Mining plc ('Bluejay' or the 'Company')
Board Appointment
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to announce the appointment of
Mr. Michael Hutchinson ('Mike') as non-executive Chairman with
immediate effect. He brings a deep understanding of commodities and
metal trading in general, at a time of significant growth and
development for the Company.
Mr. Hutchinson began his career at Metallgesellschaft Ltd where
he worked for 25 years, ultimately becoming the Managing Director
in 1985. Metallgesellschaft Ltd was a metal trading subsidiary of
one of Germany's largest industrial conglomerates. In addition to
this, Mike was Director of the London Metals Exchange (LME) between
1986-2008, which is the world's largest market for industrial
metals trading. Since then he has held a number of notable board
and management roles, which includes being Chairman of Metalloyd
Ltd, a major supplier of steel and raw materials to traders,
distributors and end-users, and Chairman of Greenland Minerals
& Energy Ltd, which successfully overturned the long-standing
Danish and Greenlandic ban on uranium exploitation. He was also
Chairman of Wogen Ltd a speciality metals trading house. Currently,
he is Chairman of SL & PF Solar Limited, a Director of Pierces
Solar Limited, and Non-Executive Director of Greenland Gas &
Oil Limited.
Bluejay CEO Roderick McIllree said, "I am delighted to welcome
Mike to the Bluejay board. With a distinguished career spanning
almost 50 years in the metals industry, Mike brings a wealth of
specialised operational experience, particularly in Greenland, and
an esteemed network of contacts, which will be extremely useful as
we look to move through the offtake and sales process. Accordingly,
this is a pivotal time for the Company, and with our 2017 work
programme continuing to progress at a rapid pace, I look forward to
working with Mike as we look to establish Bluejay as a revenue
generative mining company."
Mr Michael John Hutchison, aged 70, currently holds or has held
the following directorships and partnerships in the last five
years:
Current Directorships Past Directorships
Bluejay Mining plc Armajaro Holdings Limited
Greenland Gas & Oil Armajaro Trading Ltd
Limited Beatty Interiors Limited
PF Solar Limited Ecom Agrotrade Ltd
Pierces Solar Limited Erus Metals Limited
SL Solar Limited Georgian Mining Corporation
(formerly Noricum Gold Limited)
Greenland Minerals and Energy
Limited
Mecom Group Limited
RBRG Trading (UK) Limited
Tiberius Metals Group
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) of the AIM Rules for
Companies.
**ENDS**
Further Information
For further information on Bluejay Mining plc please visit
http://www.titanium.gl or contact one of the following:
+44 (0) 20 7907
Roderick McIllree Bluejay Mining plc 9326
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SP Angel Corporate +44 (0) 20 3470
Ewan Leggat Finance LLP 0470
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SP Angel Corporate +44 (0) 20 3470
Soltan Tagiev Finance LLP 0470
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St Brides Partners +44 (0) 20 7236
Charlotte Page Ltd 1177
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St Brides Partners +44 (0) 20 7236
Megan Dennison Ltd 1177
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Notes
Bluejay is dual listed on the London AIM market and Frankfurt
Stock Exchange and primarily focussed on advancing the Pituffik
Titanium Project in Greenland into production in 2018. Pituffik has
been proven to be the highest-grade mineral sand ilmenite project
globally, with an initial Inferred JORC resource of 23.6Mt at 8.8%
ilmenite (in situ), including a high-grade zone equal to 7.9Mt at
14.2% ilmenite. Crucially significant further upside remains, as
the resource forms part of a larger exploration target for the
tested area of between 90Mt to 130Mt at an in-situ grade of between
6.3% and 8.4% ilmenite. Furthermore, the resource area covers just
17% of the raised beach area - one of three main target areas
situated along an >40km coastline:
-- Raised beaches; containing ilmenite accumulations over widths
of more than 1km, of unknown depths, along more than 30km of
coastline;
-- Active beaches; which refer to the area seaward of the
frontal dunes, including the beach, tidal zones and surf zone;
and
-- Drowned beaches; refers to the areas seaward of active beaches.
The Company's strategy is focused on the production of a bulk
sample "proof of concept" from the Pituffik Project in 2017 with
the aim of securing an offtake partner and commencing commercial
production in 2018 in order to create a company capable of
self-funding exploration on current projects and future
acquisitions.
Bluejay holds two additional projects in Greenland - the 194sq
km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide ('MMS')
nickel-copper-platinum project ('Ni-Cu-PGM'), which has shown its
potential to host mineralisation similar to the world's largest
nickel/copper sulphide mine Norilsk-Talnakh, and the 107sq km
Kangerluarsuk Sed-Ex lead-zinc-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. Bluejay intends to conduct a high-powered, ground based,
electromagnetic survey at Disko in Q4 2017 for the purposes of
identifying optimum drill site locations for the possibility of
drilling during 2018.
The Company also has a 100% interest in a portfolio of copper,
zinc and nickel projects in Finland. This multi-commodity portfolio
has been restructured to be cost-sustainable whilst determining the
best plan for future development.
Qualified Persons
The information in this press release that relates to Mineral
Resources is based on information compiled under the direction of
Dr Mike Armitage C Geol., C Eng., who is a Member of the Institute
of Materials, Minerals and Mining which is a Recognised Overseas
Professional Organisation ('ROPO') included in a list promulgated
by JORC from time to time.
Dr Armitage is a full-time employee of SRK Consulting (UK) Ltd
and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which he has undertaken to qualify as a Competent Person
as defined in the 2012 Edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves' (the JORC Code) and for the purposes of the AIM Rules. Dr
Armitage has reviewed this press release and consents to the
inclusion in the press release of the matters based on his
information in the form and context in which this appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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