logo-loader
viewBlueJay Mining PLC

BlueJay Mining announces significant upgrade to resource at Dundas

Rod McIllree, chief executive of Bluejay Mining PLC (LON:JAY) talks Proactive's Andrew Scott through the upgrade to the ilmenite resource at the Dundas shoreline project in Greenland.

The mineral sands prospect now holds 96mln tonnes at 6.9% ilmenite, a 400% increase on the first estimate a year ago.

Consultant SRK calculated the estimate using a combination of auger and sonic drilling.

Dundas is one of the highest-grade mineral sand ilmenite projects in the world, believes Bluejay, with the majority of what has been identified so far located on the raised beaches at Moriusaq.

Quick facts: BlueJay Mining PLC

Price: 5.64 GBX

AIM:JAY
Market: AIM
Market Cap: £54.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of BlueJay Mining PLC named herein, including the promotion by the Company of BlueJay Mining PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: CentralNic sees 95% increase in 2019 revenues and earnings

Headlines from the Proactive UK newsroom. Domain name specialist CentralNic (LON:CNIC) saw revenues and earnings both jump by 95% in 2019. Turnover was in line with market forecasts but underlying earnings beat them slightly. BlueJay Mining’s (LON:JAY) environmental application for the...

3 weeks, 2 days ago

2 min read