Bluejay Mining PLC Board Changes (4056Q)
June 06 2018 - 1:01AM
UK Regulatory
TIDMJAY
RNS Number : 4056Q
Bluejay Mining PLC
06 June 2018
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
6 June 2018
Bluejay Mining plc ('Bluejay' or the 'Company')
Board Changes
Bluejay Mining plc is pleased to announce the appointment of
Garth Palmer as Non-Executive Director with immediate effect.
Garth, who has served as the Company Secretary to Bluejay for the
last six years has a deep understanding of the business and is a
Chartered Accountant with more than 15 years' experience providing
accounting, financial as well as corporate & company
secretarial services. Garth is also a director of AIM listed
SigmaRoc plc.
Non-Executive Director Greg Kuenzel has today stepped down from
the Board to focus on his other business interests. Mr Kuenzel has
entered into an orderly market and escrow agreement in relation to
his shareholding in the Company.
Bluejay CEO Roderick McIllree said,
"Being able to make this appointment internally from our team
demonstrates the deep pool of talent the Company has at its
disposal. We expect this change to be seamless as we continue to
focus our time and resources on the Dundas Ilmenite Project in
Greenland. Whilst we are saddened to see Greg leave, on behalf of
the Company I would like to thank him for his contributions over
the years and wish him well in his future endeavours."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information please visit http://www.titanium.gl or
contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
SP Angel Corporate Finance
Ewan Leggat LLP +44 (0) 20 3470 0470
---------------------------- ---------------------
SP Angel Corporate Finance
Soltan Tagiev LLP +44 (0) 20 3470 0470
---------------------------- ---------------------
Hannam & Partners Advisory
Andrew Chubb Ltd. +44 (0) 207 907 8538
---------------------------- ---------------------
Hannam & Partners Advisory
Ingo Hofmaier Ltd. +44 (0) 207 907 8532
---------------------------- ---------------------
Charlotte Page St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Megan Dennison St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Notes
Bluejay is dual listed on the London AIM market and Frankfurt
Stock Exchange and primarily focussed on advancing the Dundas
Ilmenite Project in Greenland into production in the near term.
Dundas has been proven to be the highest-grade mineral sand
ilmenite project globally, with a JORC Compliant Resource of 96
million tonnes at 6.9% ilmenite (in situ) and an Exploration Target
over the Iterlak Delta of between 20 million tonnes and 60 million
tonnes at between 6% and 10% ilmenite (in-situ).
The Company's strategy is focused on securing an offtake partner
and commencing commercial production at Dundas in the near term 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 2,586
sq 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.
Garth Mervyn Palmer, aged 37, currently holds or has held the
following directorships and partnerships in the last five
years:
Current Directorships Past Directorships
Corsair Petroleum Holdings Limited Westend Corporate Limited
---------------------------
Disko Limited Stockholm Syndrome Limited
---------------------------
Dundas Titanium A/S Remlap Limited
---------------------------
GP Corporate Limited
---------------------------
GT Corporate Limited
---------------------------
Heytesbury Nominees Limited
---------------------------
Remlap Corporate LLP
---------------------------
SigmaRoc plc
---------------------------
SigmaRoc Trading Limited
---------------------------
SigmaGsy Limited
---------------------------
Sport:80 plc
---------------------------
Sport:80 USA, Inc
---------------------------
Wivern Digital Limited
---------------------------
Mr Palmer currently has an existing interest in 558,890 ordinary
shares of 0.01 pence each in the share capital of the Company,
which represents 0.07% of the Company's issued share capital.
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) of the AIM Rules for
Companies.
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.
END
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