Bluejay is dual listed on the London AIM market (JAY) 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 the near term. With a defined resource in place, Dundas has been proven to be the highest-grade mineral sand ilmenite project globally, and has a JORC Compliant Resource Estimate of 101 million tonnes at 7.1% ilmenite (in-situ).
The Company’s strategy is focussed on the completion of an optimised Pre-Feasibility Study and securing an offtake partner in order to commence commercial production in the near term and create a company capable of self-funding exploration on current projects and future acquisitions.
Bluejay holds two additional projects in Greenland – the 2,586km2 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 mineNorilsk-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 2017 exploration campaign at Disko confirmed a working sulphide system and a number of prospective anomalies, with initial chemical assays in oxidised surface material returning 2.02% nickel, 0.8% copper and 0.2% cobalt and work is underway to refine drill targets for 2019.
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.
Bluejay maintains an active growth strategy and will review various opportunities that come to its attention to continue to deliver on its stated objective of acquiring high quality assets to expand and complement the its existing portfolio.
Supply and demand in the mineral sands industry is finely balanced