TIDMJAY
RNS Number : 6033X
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')
Permitting Update - Submission of Environmental Impact
Assessment
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to announce the submission of
the Environmental Impact Assessment ('EIA') for its Dundas Ilmenite
Project ('Dundas' or 'the Project') in Greenland, the world's
highest-grade mineral sands ilmenite project.
Overview:
-- Submission today of the completed EIA for Dundas to The
Ministry of Nature and Environment, Government of Greenland
-- No major environmental obstacles or larger impacts found by the EIA
-- EIA is a key component of the application documentation for a full mining licence
The EIA, which was presented to the to The Ministry of Nature
and Environment, Government of Greenland today Tuesday 30(th) April
2019, was prepared by respected international consultants Orbicon
A/S ('Orbicon'), one of the most experienced environmental service
providers with respect to mining and permitting related studies for
mining operations in Greenland.
The EIA allows the authorities to understand the impact of
exploitation of the ilmenite-bearing sand within the licence area
as well as the broader region and forms a critical cornerstone in
the application for an exploitation permit.
The submitted EIA concerns onshore mining, processing and
infrastructure. It was completed based upon the development
scenario as outlined in the optimised Pre-Feasibility Study
('PFS'), which anticipates yearly production of 440,000 tonnes of
ilmenite concentrate from the Project.
The major conclusion drawn from the EIA report is that there are
no material or unmanageable environmental impacts arising from the
development of the Project.
The EIA presented three years of extensive environmental surveys
and baseline studies that were agreed on and updated by the
authorities during the course of the optimised PFS. The terms of
reference for the study were agreed between the Company,
stakeholders and the relevant Greenlandic authorities, represented
by the Ministry of Mineral Resources & Labour, Ministry of
Nature and Environment and its advisors, the Greenland Institute of
Natural Resources, the Danish Centre for Environment & Energy
at Aarhus University.
Under normal conditions, an EIA only requires two-years of
sample collection and baseline survey. However, due to the limited
existing understanding of the biodiversity in this environment, and
in order to consider the natural variation year on year, both the
Company and regulators agreed best practice would be to undertake a
three-year review, adding an extra year to the overall
environmental assessment timeline.
Additionally, although the current mining scenario contemplates
an onshore operation only, both onshore and offshore environments
have been investigated and reported.
The environmental field work for the EIA, carried out both
onshore and offshore, included extensive studies of the
biodiversity of the mining area. The land activities included
mapping of plant communities and breeding bird colonies. In
addition, extensive off shore aerial surveys during the spring thaw
and winter freeze were conducted. These focused-on monitoring
migrating white whale, narwhale and walrus along the coast as well
as more distal sea. Additionally, the seafloor was subject to
extensive studies including sampling of mussels and other organisms
as well as underwater video footage.
To determine the natural background level of metals and other
elements in organisms in the development area, samples of plants,
lichens, sea weed, and fish were collected, which will form a
reference for future monitoring when mining commences.
An archaeological survey over the licence area was also
completed during the 2018 season; the result is also included in
the final EIA report. This survey was undertaken by the Greenland
National Museum & Archives.
All the collected information has subsequently been analysed,
compiled and concluded in the EIA, with technical results and data
being documented in eight technical background reports.
Senior Consultant Flemming Pagh Jensen from Orbicon responsible
for the EIA said:
"There have been no major issues identified at Dundas through
this environmental assessment is very positive for the Dundas
project.
"Since the processing of the resource does not require the
addition of chemicals, the risk of polluting the sensitive Arctic
environment is very small. A potential concern has been that
underwater shipping noise would disturb migrating whales near the
Project port in spring and autumn. However, this issue has been
mitigated by reducing the speed of vessels close to the port in the
shoulder periods."
"Orbicon who has conducted an exhaustive multi-year study was
pleased to be one of the many high-quality consultants to the
Project and looks forward to continued involvement as the Project
advances through permitting to development."
Bluejay CEO Roderick McIllree said:
"We are delighted to have completed and submitted the EIA. The
conclusions drawn from this study indicate a low environmental
impact, which is an important step forward in permitting the Dundas
Ilmenite Project."
"We would like to thank Orbicon who have carried out a very
extensive and detailed programme with the results once again
highlighting the feasibility of simple and low-impact mining and
processing at Dundas."
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 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
---------------------------- ---------------------
SP Angel Corporate Finance
Soltan Tagiev LLP +44 (0) 20 3470 0470
---------------------------- ---------------------
Hannam & Partners Advisory
Andrew Chubb Ltd. +44 (0) 20 7907 8538
---------------------------- ---------------------
Hannam & Partners Advisory
Ingo Hofmaier Ltd. +44 (0) 20 7907 8532
---------------------------- ---------------------
Hugo de Salis St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Cosima Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Notes
Bluejay is dual listed on the London AIM market and Frankfurt
Stock Exchange and primarily focussed on advancing the Dundas
Ilmenite Project in Greenland into production in the near term.
Dundas has been proven to be the highest-grade mineral sand
ilmenite project globally, with a JORC Compliant Resource of 101
million tonnes at 7.1% ilmenite and an Exploration Target over the
Iterlak Delta of between 20 million tonnes and 60 million tonnes at
between 6% and 10% ilmenite (in-situ).
The Company's strategy is focused on securing an offtake partner
and commencing commercial production at Dundas in the near term in
order to create a company capable of self-funding exploration on
current projects and future acquisitions.
Bluejay holds two additional projects in Greenland - the 2,586
sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide ('MMS')
nickel-copper-platinum project ('Ni-Cu-PGM'), which has shown its
potential to host mineralisation similar to the world's largest
nickel/copper sulphide mine Norilsk-Talnakh, and the 107sq km
Kangerluarsuk Sed-Ex lead-zinc-silver project ('Kangerluarsuk'),
where historical work has recovered grades of 41% zinc, 9.3% lead
and 596 g/t silver and identified four large-scale drill ready
targets.
The Company also has a 100% interest in a portfolio of copper,
zinc and nickel projects in Finland. This multi-commodity portfolio
has been restructured to be cost-sustainable whilst determining the
best plan for future development.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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