Bluejay Mining Plc (LON:JAY) has updated investors on its bulk sampling programme at the Dundas project in Greenland, where the operation has now stockpiled some 10,000 tonnes of ilmenite containing material.
In the statement, the company said it has excavated, screened and stockpiled the material. The run-of-mine grade is above 40% ilmenite, and, it is now awaiting delivery instructions for processing and/or testing by interested parties.
Some samples have already been dispatched and the company expects to make further shipments as it advances opportunities with ‘several key groups’ amid ongoing talks for the offtake of the project’s entire planned production (which would amount to around 450,000 tonnes per year).
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"I am delighted to report that we continue to make excellent progress at Dundas, both at an operational and wider commercialisation level,” said Roderick McIllree, Bluejay chief executive.
“In particular, I am pleased with the interest being shown from multiple end users, which is testament to the quality of our ilmenite product.
“We continue to advance with several major players in the space with the objective of locking down agreements for up to the entire 450,000t of planned annual ilmenite production and will update shareholders on developments relating to these discussions as soon as we are in a position to do so.”
As commercialization efforts continue, the company is continuing work on site to prepare for the start of mining.
McIllree said: “We continue to make significant progress in reaffirming the unique resource potential of the project to ensure a long-life mining operation, as outlined by the initial results of exploration work undertake during the 2018 field seasons."