Bluejay Mining PLC Dundas Exploitation Licence Update (1008Q)
June 16 2020 - 4:23AM
UK Regulatory
TIDMJAY
RNS Number : 1008Q
Bluejay Mining PLC
16 June 2020
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
16 June 2020
Bluejay Mining plc ('Bluejay' or the 'Company')
Dundas Exploitation Licence Update - Public Consultation
Process
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to provide an update on its
exploitation licence (the 'Exploitation Licence') application for
the Dundas Ilmenite Project ('Dundas' or the 'Project') in
Greenland.
The Company has been advised by the Ministry of Mineral
Resources that the Dundas Public Consultation process
("Consultation Process" or "Stakeholder Consultation") will be
tabled at this week's ministerial meeting to be held on Thursday
18(th) June 2020. We will advise the market of the Governments
decision in due course.
BACKGROUND
The Company outlined in the Operational Update RNS on 14(th)
April 2020, that it had entered into discussions with various
Greenlandic Ministries for the purpose of finding an alternative
method of handling and delivering the Public Consultation process
in light of COVID-19 challenges.
Once the Stakeholder Consultation process is complete, usually
within an 8-week period, all responses inclusive of company
comments to each point raised are compiled into a White Book prior
to presentation to the Governmental for decision on awarding an
exploitation licence for Dundas.
The company is also required to complete an Impact Benefit
Agreement with the local municipality on the development, which it
has been advancing for some time.
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.bluejaymining.com or contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
Kevin Sheil Bluejay Mining plc +44 (0) 20 7907 9326
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Ewan Leggat (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Soltan Tagiev (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
------------------------------ ---------------------
Charlotte Page St Brides Partners Ltd +44 (0) 20 7236 1177
------------------------------ ---------------------
Cosima Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
------------------------------ ---------------------
Notes
Bluejay is dual listed on the London AIM market and Frankfurt
Stock Exchange with projects in Greenland and Finland. Its most
advanced project is the Dundas Ilmenite Project in Greenland, which
is being developed towards production in the near term. The Dundas
Ilmenite Project has been proven to be the highest-grade mineral
sand ilmenite project globally, with a JORC Compliant Resource of
117 million tonnes 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'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 three additional projects in Greenland - the
2,897sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide
nickel-copper-cobalt-platinum group element-gold project
('Ni-Cu-Co-PGE-Au'), which has shown its potential to host
mineralisation similar to the world's largest nickel-copper mining
district at Noril'sk-Talnakh, northern Russia; 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.
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 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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