Bluejay Mining PLC Updated Resource Timetable (7416U)
April 02 2019 - 2:00AM
UK Regulatory
TIDMJAY
RNS Number : 7416U
Bluejay Mining PLC
02 April 2019
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
2 April 2019
Bluejay Mining plc ('Bluejay' or the 'Company')
Updated Resource Timetable
Bluejay Mining Plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to announce that the Company
expects the resource calculations for the three expansion areas of
Iterlak East, Iterlak West and the larger Offshore Shallow Marine
target, to be announced as per the below. This follows the recent
resource upgrade at its Dundas Ilmenite Project, the world's
highest-grade mineral sands ilmenite project located in Greenland,
to 101 million tonnes in December 2018.
Iterlak East & Iterlak West
International mining consultants SRK Exploration ('SRK') has
informed the Company that it is close to completion on the Iterlak
East and Iterlak West resource calculations and advises that these
are expected to be announced during April 2019.
Iterlak East has a current Inferred Mineral Resource of 7
million tonnes at 12.2% ilmenite in-situ. Iterlak West has a
current Inferred Mineral Resource of 1 million tonnes at 6.2%
ilmenite in-situ.
Offshore Shallow Marine:
Mineral & energy resource development specialists RSC
Consulting Ltd ('RSC') is engaged to complete the evaluation of the
Offshore Shallow Marine target. RSC has been selected for this work
programme due to their expertise in evaluating shallow marine
resources. The completion of this work is expected in May 2019.
Bluejay CEO Roderick McIllree said: "The initial resource at
Dundas already stands at 101Mt. We look forward with confidence to
the outcomes for these three additional resource updates being
conducted by SRK and RSC, and reinforcing the wider Dundas project
fundamentals."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information please visit http://www.titanium.gl or
contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
SP Angel Corporate Finance
Ewan Leggat LLP +44 (0) 20 3470 0470
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SP Angel Corporate Finance
Soltan Tagiev LLP +44 (0) 20 3470 0470
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Hannam & Partners (Advisory)
Ingo Hofmaier LLP +44 (0) 20 7907 8500
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Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
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Hugo de Salis St Brides Partners Ltd +44 (0) 20 7236 1177
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Cosima Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
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END
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