Bluejay Mining Plc (LON:JAY) told investors that it has now submitted the prefeasibility study for the Dundas ilmenite project in Greenland.
The study has been submitted to the mineral licence and safety authority (MLSA) of the Government of Greenland, marking the completion of the final necessary item to facilitate an exploitation application.
"The lodgement of this PFS marks the completion of the final module necessary to make an exploitation application and we expect to make this as soon as regulatory comments have been responded to,” said Roderick McIllree, Bluejay's chief executive.
“We are delighted to have completed and submitted this detailed document to the regulators. The conclusions drawn from this study indicate positive economic outcomes and low environmental impact, with strong social benefits.
"We will update the market in due course with details of the PFS and its outcomes," he added.