Bluejay Mining PLC (LON:JAY) has reached agreement with Rio Tinto Iron and Titanium Canada for the further analysis of ore from the Dundas project in Greenland.
Rio Tinto and Bluejay are currently in talks about a commercial agreement relating to Dundas, although there is no guarantee at this stage that a deal will be done.
READ: BlueJay Mining upgrades resource for Dundas project as it presses ahead with PFS
Dundas has a current JORC resource of 101mln tonnes at 7.1% of ilmenite, and has been confirmed as the highest-grade mineral sand ilmenite project globally.
Rio Tinto will analyse ilmenite from the Dundas project. This will include analysis of a smelter test sample at Rio’s Sorel-Tracy plant in Quebec, Canada.
"We are delighted to be working with Rio Tinto,” said Blujay chief executive Roderick McIllree.
“This summer one of the key-outcomes will be the delivery of a large bulk-sample to the Sorel-Tracy plant. We believe that the ilmenite from Dundas will prove to be a very valuable material for the Sorel-Tracy plant operation and believe that the experience and expertise from Rio Tinto will provide an opportunity for technological and economic optimization.”