Bluejay Mining PLC Change of Registered Office (9632U)
October 30 2017 - 5:30AM
UK Regulatory
TIDMJAY
RNS Number : 9632U
Bluejay Mining PLC
30 October 2017
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
30 October 2017
Bluejay Mining plc ('Bluejay' or the 'Company')
Change of Registered Office
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to announce that is has
changed its registered office to 7-9 Swallow Street, London, W1B
4DE with immediate effect.
**ENDS**
For further information please visit http://www.titanium.gl or
contact:
+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 Dundas
Ilmenite Project (previously known as the Pituffik Titanium
Project) in Greenland into production in 2018.
Dundas has been proven to be the highest-grade mineral sand
ilmenite project globally, with an initial Inferred mineral
resource of 23.6Mt at 8.8% ilmenite (in situ) reported according to
the JORC Code, 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. While this exploration target is conceptual in
nature, at the time of its definition there was insufficient
exploration to estimate a mineral resource and it was uncertain if
further exploration will result in the estimation of a mineral
resource. This remains the case at the time of writing, although
the pending results of the 2017 exploration programme will result
in its reappraisal. Furthermore, the mineral resource area covers
just 17% of the raised beach area and is only one of the following
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.
Having successfully completed a proof-of-concept bulk sample
programme during H2 2017, which significant exceeded expectations,
the Company is now focussed on securing an off-take partner (with
discussions well advanced) and ultimately 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 462.3sq
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.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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