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BlueJay Mining says Dundas PFS to be next year as it incorporates engineering upgrades

The PFS will include a number of engineering optimisations currently being worked on

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Ilmenite is a source of titanium

Bluejay Mining PLC (LON:JAY)  expects to publish the pre-feasibility study for its Dundas ilmenite project in Greenland in the first quarter of next year.

That is later than it originally anticipated but the PFS will include a number of engineering optimisations currently being worked on. Parts of the study will be released as they are completed but the full report will be in 2019, said the junior.

Bluejay has the highest grade ilmenite project anywhere in the world, and has secured big-name backers to help put it into production

In April, the resource estimate at Dundas was increased by 400% to 96mln tonnes at 6.9% ilmenite.

Today, Bluejay added offtake discussions are ongoing over the whole initial annual ilmenite production from Dundas.

An environmental and social impact assessment (ESIA) is due to be completed by the end of the year.

Mike Hutchinson, the chairman, said: "Although we are disappointed with the delays, it is important to note that these project optimisations will expand what is already an economic development into a significantly more robust long-term operation.”

Losses for the six months were £868,000 (£785,00).

Quick facts: BlueJay Mining PLC

Price: 6.25 GBX

AIM:JAY
Market: AIM
Market Cap: £60.62 m
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