BlueJay Mining PLC (LON:JAY)

BlueJay Mining PLC (LON:JAY)


Share Price
6.89 p
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£58.92 m
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BlueJay Mining PLC RNS Release

Dundas Ilmenite Project Update


RNS Number : 7340Y
Bluejay Mining PLC
13 May 2019
 

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

13 May 2019

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

 

Dundas Ilmenite Project Update:

Local Workforce Training, Participation in Bauma, the Mining Machinery Trade Fair and

Participation in Future Greenland 2019

 

Bluejay Mining Plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to provide an update on local engagement activities for its Dundas Ilmenite Project  ('Dundas' or the 'Project'), including its participation in the Baume Construction & Mining Machinery trade fair, ahead of commercial mining commencing at the Project.

 

To view this announcement with illustrative images, please use the following link: 

 

http://www.rns-pdf.londonstockexchange.com/rns/7340Y_1-2019-5-10.pdf

 

Training of Local Workforce

Through its subsidiary, Dundas Titanium A/S ('Dundas'), the Company is currently a core industry participant in a local workforce training scheme aimed at people in the Qaanaaq settlement (a village 80 km north of the Project), primarily in machine operation followed by the granting of relevant skill qualifications.

 

The training programme, organised by the Greenland School of Minerals and Petroleum through specific funding from the Ministry of Mineral Resources and Labour, a department of the Greenlandic Government, has been well received, with interest from circa 30 potential participants registered at the introductory meeting in Qaanaaq in Q2 2019 for the twelve seats available.  

 

Hans Hinrichsen, General Manager from the Greenland School of Minerals and Petroleum, said:

 

"We very much appreciate the early involvement and support from the operators of the Dundas Ilmenite Project, Bluejay Mining plc.  Their supportive foundation will help us to continue developing the school, improving employment options in the region and meeting the future demand for qualified licence holders from the mining and construction sector in Greenland.

 

"Furthermore, we are delighted with the interest from the local community in Qaanaaq, which indicates local support and willingness to work at the future mine.  This programme is a model for future operations.  We experienced significant interest from the local population for the current course as well as excitement regarding the opportunity to upgrade the licences of the local work force.  We look forward to developing our cooperation with Bluejay and Dundas Titanium in the following years."

 

Figure 1:  attendees at the Introductory Meeting

 

Bluejay CEO Roderick McIllree said:

 

"We are delighted to be a key industry participant in the local training programme established by the Greenland School of Minerals and Petroleum.  We continue to be grateful for the support and cooperation demonstrated by this institution and the Government of Greenland, as evidenced by the special funding it has provided for this course, and also its more generalised support for the whole mining sector in Greenland.

 

"It is important to work with local training groups and stakeholder organisations as we implement the Project.  When mining starts it's important that the local workforce is ready with the necessary training and skills so as to be a ready and able participant is its implementation.  The employment and training of the local workforce is of paramount importance to the Company.  These formal initiatives are, and will always be, well supported by us, so we can be sure that we will be able to secure a well-trained local workforce as we move towards both construction and an eventual mining operation at Dundas.  One of the key deliverables in being a good corporate citizen is to improve local employment levels, local infrastructure and provide a positive economic contribution to the community at large."

 

BAUMA - the world's largest mining machinery trade fair 

 

In April 2019, through its subsidiary Dundas Titanium A/S, Bluejay attended the BAUMA trade fair in Germany, the world's largest trade fair focusing on construction and mining machinery.

 

The Company's representative had meetings with potential suppliers of construction and mining equipment to prepare for the commencement of the mine construction and mining operations at Dundas.  Additionally, Bluejay began the purchasing of various items of machinery to join the existing mining fleet for the initial phase of construction at the Project.  

 

Future Greenland - Greenland's largest business conference

 

Bluejay and Dundas Titanium A/S will be represented at the Future Greenland 2019 conference arranged by the Greenland Business Association in Nuuk, Greenland.  This bi-annual event is the largest business conference in the country with around 450 international participants representing business, investors, politicians, NGOs, etc., with delegates from Denmark, Canada, Iceland, the Faroe Islands and Scandinavia.

 

Parallel with the conference, Bluejay and Dundas Titanium A/S will host a special stakeholder information meeting in which attendees will be informed of the status of ongoing operations at the Project.  

 

**ENDS**

 

For further information please visit 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

Andrew Chubb

Hannam & Partners Advisory Ltd.

+44 (0) 20 7907 8538

Ingo Hofmaier

Hannam & Partners Advisory Ltd.

+44 (0) 20 7907 8532

Hugo de Salis

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 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 101 million tonnes at 7.1% ilmenite 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.


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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