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Deliveroo on the move as German rival builds stake
A look at some of the major movers in London on Monday
Company
LON:JAY
80 Mile PLC, formerly Bluejay Mining, is an explorer and developer of critical resources in Greenland and Finland. Among its projects are the Outokumpu natural hydrogen and helium project, the Jameson land basin industrial gas project, and the Disko Nuususaq project, providing exposure to natural hydrogen, helium, copper, nickel and PGM’s.
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A look at some of the major movers in London on Monday
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Adriatic Metals* (LON:ADT1) – Updated mineral resource for Rupice Silver Deposit in Bosnia & Herzegovina BlueRock Diamonds* (LON:BRD) – 12.1 carat diamond from Kareevlei diamond mine valued at over US$100,000 Gem Diamonds (LON:GEMD) – 233 c
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Bluejay Mining* (LON:JAY) – Mining licence consultation process underway Cora Gold* (LON:CORA) – Metallurgical tests confirm amenability of Sanankoro ore to gravity concentration Savannah Resources* (LON:SAV) – Chairman’s message to AGM Sol
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Bluejay Mining* (AIM:JAY) 3.32p. Mkt Cap £34m – US aid and consulate to help Greenland develop mineral resources The US is donating $12.1m in aid to Greenland upsetting the Danes in the process. The $12.1m will go towards priorities includi
Dundas currently has a resource estimate of 117mln tonnes at 6.1% ilmenite in-situ.
The acreage is prospective for several commodities including gold, base metals and uranium
Bluejay Mining has a significant footprint of mineralised projects in Greenland
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Caledonia Mining* (AIM:CMCL) 735p, Mkt Cap £82.3m – Q1 production rises 19% Caledonia Mining reports that its Blanket gold mine in Zimbabwe achieved a 19% increase in Q1 gold output with production of 14,233oz in the quarter to 31st March 2
Among the proposals are a relaxing of exploration commitments associated with licences
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Bluejay Mining* (LON:JAY) - BUY, Target price revised to 20.1p (from 16.3p) – Valuation upgrade on theoretical optimisation of Dundas ilmenite project and rising demand for ilmenite feedstock Chaarat Gold* (LON:CGH) – BUY – 44p (from 42p) –
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Bluejay Mining* (LON:JAY) – Presentation at PDAC Greenland Day Rio Tinto (LON:RIO) – Rio Tinto reports strong underlying earnings driven by iron ore but Coronavirus likely to impact H1 2020 Bluescope Steel (ASX:BSL) – Coronavirus disruption
Bluejay says Dundas will provide considerable opportunities for local communities
"No major impacts have been identified by these environmental studies"
Bluejay Mining is building a portfolio of highly attractive projects in Greenland
The social impact assessment (SIA) is also in its final round following a review and amendment process
Historic exploration work by Rio Tinto Zinc returned attractive grades
The Greenland-focused miner said it was encouraged by £4mln investment from Danish and Greenlandic government investment arms
Blujay controls the Dundas ilmenite project as well as other promising base metals exploration assets
The Dundas project, the world's highest-grade ilmenite mineral sand deposit, is estimated to hold 117mln tonnes at 6.1% ilmenite
The new area would expand its Kangerluarsuk zinc-lead-silver project by more than five-fold