Bluejay Mining PLC Resource Timetable Update (6002X)
April 30 2019 - 9:01AM
UK Regulatory
TIDMJAY
RNS Number : 6002X
Bluejay Mining PLC
30 April 2019
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
30 April 2019
Bluejay Mining plc ('Bluejay' or the 'Company')
Resource & Pre-Feasibility Study ('PFS') Timetable
Update
Bluejay Mining Plc, the AIM and FSE listed company with projects
in Greenland and Finland, would like to provide an update on the
expected resource calculations for Iterlak East and Iterlak West
and the PFS timetable for the Dundas Ilmenite Project
('Dundas'):
Iterlak East and Iterlak West mineral resource calculations: the
Company has been informed by the international mining consultants
SRK Exploration ('SRK') that the Iterlak East and Iterlak West
mineral resource calculations are close to completion, the results
of which are now expected to be announced in May 2019.
Pre-Feasibility Study for Dundas: the Company was previously
advised by SRK that the PFS would be ready for publication by the
end of April 2019, as per the announcement dated 20 March 2019. The
PFS is currently at a final draft stage and will be published as
soon as practicable. The updated timing for the PFS can be
attributed to the significantly high level of detail that has been
undertaken in producing this study. Looking ahead, this extended
and in-depth PFS will result in both significant time and cost
efficiencies, as this mitigates some of the test work required by
Bluejay when it advances into the definitive feasibility stage.
This will occur once the licence application has been lodged.
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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