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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: 10.04 GBX

AIM:JAY
Market: AIM
Market Cap: £85.84 m
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