Bluejay Mining PLC Board Reorganisation (5142K)
January 05 2021 - 1:00AM
UK Regulatory
TIDMJAY
RNS Number : 5142K
Bluejay Mining PLC
05 January 2021
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
5 January 2021
Bluejay Mining plc
('Bluejay' or the 'Company')
Board Reorganisation
Bluejay Mining plc, the AIM and FSE listed, and OCTQB traded,
exploration and development company with projects in Greenland and
Finland , is pleased to announce a reorganisation of the Board of
the Company as it progresses to the next stage of developments,
particularly at its Dundas ilmenite project ("Dundas" or the
"Project"), following a very successful end to 2020.
The Board reorganisation, effective from 4 January 2021, will
see Mr. Rod McIllree move from Chief Executive Officer ("CEO") to
Executive Chairman of the Board, with Mr. Mike Hutchinson, former
Chairman, becoming Non-Executive Director and Chair of the
Remuneration Committee. Dr. Bo Møller Stensgaard, former Chief
Operating Officer, will become CEO. Additionally, Mr. Ian
Henderson, Non-Executive Director, retires from the Board. Mr.
Peter Waugh, the Company's titanium market expert, remains a
Non-Executive Director.
Rod McIllree, Chairman, commented: "2020 was a very successful
year for Bluejay, with the Company delivering on a number of key
milestones, not only with regards to the progression of the Dundas
Project but also in Finland. Therefore, it is only natural that as
the Company progresses, the Board structure should also reflect the
advancement of the Company to ensure that this momentum
continues.
"I welcome Bo's appointment as CEO and believe that his
background and extensive operational experience in Greenland, along
with his local knowledge and relationships, technical and
organisational abilities, provides him with the optimal skillset to
successfully progress the Company's flagship project, Dundas. He is
also well placed to drive the development of the rest of Bluejay's
portfolio together with the rest of our very skilled and
experienced management team. I look forward to continuing our
successful working relationship and supporting him in my new role
as Chairman as we move to the development and construction stages
at Dundas and continue exploration and development at our other
exciting projects.
"Mike's tenure as Chairman has been a significant one, with
Bluejay achieving a great deal during this time, and his move to
Non-Executive Director will enable the Board to continue to benefit
from his extensive knowledge and insight into the metal market and
value chain.
"Finally, on behalf of the Board, I would like to thank Ian
Henderson for his contribution to the Company over the years and
the support he has provided. We wish him well in his
retirement."
For further information please visit
http://www.bluejaymining.com or contact:
+44 (0) 20 7907
Roderick McIllree Bluejay Mining plc 9326
+44 (0) 20 7907
Kevin Sheil Bluejay Mining plc 9326
------------------------------ ----------------
SP Angel Corporate Finance
LLP +44 (0) 20 3470
Ewan Leggat (Nominated Adviser) 0470
------------------------------ ----------------
SP Angel Corporate Finance
LLP +44 (0) 20 3470
Adam Cowl (Nominated Adviser) 0470
------------------------------ ----------------
Hannam & Partners (Advisory) +44 (0) 20 7907
Andrew Chubb LLP 8500
------------------------------ ----------------
+44 (0) 20 7138
Tim Blythe Blytheweigh 3205
------------------------------ ----------------
+44 (0) 20 7138
Megan Ray Blytheweigh 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 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 Mineral Resource reported in
accordance with the JORC Code 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 financing ahead of
commencing commercial production at Dundas in order to create a
company capable of self-funding exploration on its 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. Bluejay also has a
prospective joint-venture agreement with a mining major at
Enonkoski in Finland.
**ENDS**
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