BlueJay Mining PLC (LON:JAY)

BlueJay Mining PLC (LON:JAY)


Share Price
7.20 p
Change
-0.2 (-2.70 %)
Market Cap
£61.56 m
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BlueJay Mining PLC RNS Release

Updated Resource Timetable


RNS Number : 7416U
Bluejay Mining PLC
02 April 2019
 

Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining

2 April 2019

Bluejay Mining plc ('Bluejay' or the 'Company')

Updated Resource Timetable

 

Bluejay Mining Plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that the Company expects the resource calculations for the three expansion areas of Iterlak East, Iterlak West and the larger Offshore Shallow Marine target, to be announced as per the below.  This follows the recent resource upgrade at its Dundas Ilmenite Project, the world's highest-grade mineral sands ilmenite project located in Greenland, to 101 million tonnes in December 2018.

 

Iterlak East & Iterlak West

 

International mining consultants SRK Exploration ('SRK') has informed the Company that it is close to completion on the Iterlak East and Iterlak West resource calculations and advises that these are expected to be announced during April 2019.

 

Iterlak East has a current Inferred Mineral Resource of 7 million tonnes at 12.2% ilmenite in-situ. Iterlak West has a current Inferred Mineral Resource of 1 million tonnes at 6.2% ilmenite in-situ.

 

Offshore Shallow Marine: 

 

Mineral & energy resource development specialists RSC Consulting Ltd ('RSC') is engaged to complete the evaluation of the Offshore Shallow Marine target.  RSC has been selected for this work programme due to their expertise in evaluating shallow marine resources.  The completion of this work is expected in May 2019.

 

Bluejay CEO Roderick McIllree said:  "The initial resource at Dundas already stands at 101Mt.  We look forward with confidence to the outcomes for these three additional resource updates being conducted by SRK and RSC, and reinforcing the wider Dundas project fundamentals."

 

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

Ewan Leggat

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Soltan Tagiev

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Ingo Hofmaier

Hannam & Partners (Advisory) LLP

+44 (0) 20 7907 8500

Andrew Chubb

Hannam & Partners (Advisory) LLP

+44 (0) 20 7907 8500

Hugo de Salis

St Brides Partners Ltd

+44 (0) 20 7236 1177

Cosima Akerman

St Brides Partners Ltd

+44 (0) 20 7236 1177

 


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 [email protected] or visit www.rns.com.
 
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