TIDMJAY
Bluejay Mining PLC
13 May 2019
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
13 May 2019
Bluejay Mining Plc ('Bluejay' or the 'Company')
Dundas Ilmenite Project Update:
Local Workforce Training, Participation in Bauma, the Mining
Machinery Trade Fair and
Participation in Future Greenland 2019
Bluejay Mining Plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to provide an update on local
engagement activities for its Dundas Ilmenite Project ('Dundas' or
the 'Project'), including its participation in the Baume
Construction & Mining Machinery trade fair, ahead of commercial
mining commencing at the Project.
To view this announcement with illustrative images, please use
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/7340Y_1-2019-5-10.pdf
Training of Local Workforce
Through its subsidiary, Dundas Titanium A/S ('Dundas'), the
Company is currently a core industry participant in a local
workforce training scheme aimed at people in the Qaanaaq settlement
(a village 80 km north of the Project), primarily in machine
operation followed by the granting of relevant skill
qualifications.
The training programme, organised by the Greenland School of
Minerals and Petroleum through specific funding from the Ministry
of Mineral Resources and Labour, a department of the Greenlandic
Government, has been well received, with interest from circa 30
potential participants registered at the introductory meeting in
Qaanaaq in Q2 2019 for the twelve seats available.
Hans Hinrichsen, General Manager from the Greenland School of
Minerals and Petroleum, said:
"We very much appreciate the early involvement and support from
the operators of the Dundas Ilmenite Project, Bluejay Mining plc.
Their supportive foundation will help us to continue developing the
school, improving employment options in the region and meeting the
future demand for qualified licence holders from the mining and
construction sector in Greenland.
"Furthermore, we are delighted with the interest from the local
community in Qaanaaq, which indicates local support and willingness
to work at the future mine. This programme is a model for future
operations. We experienced significant interest from the local
population for the current course as well as excitement regarding
the opportunity to upgrade the licences of the local work force. We
look forward to developing our cooperation with Bluejay and Dundas
Titanium in the following years."
Figure 1: attendees at the Introductory Meeting
Bluejay CEO Roderick McIllree said:
"We are delighted to be a key industry participant in the local
training programme established by the Greenland School of Minerals
and Petroleum. We continue to be grateful for the support and
cooperation demonstrated by this institution and the Government of
Greenland, as evidenced by the special funding it has provided for
this course, and also its more generalised support for the whole
mining sector in Greenland.
"It is important to work with local training groups and
stakeholder organisations as we implement the Project. When mining
starts it's important that the local workforce is ready with the
necessary training and skills so as to be a ready and able
participant is its implementation. The employment and training of
the local workforce is of paramount importance to the Company.
These formal initiatives are, and will always be, well supported by
us, so we can be sure that we will be able to secure a well-trained
local workforce as we move towards both construction and an
eventual mining operation at Dundas. One of the key deliverables in
being a good corporate citizen is to improve local employment
levels, local infrastructure and provide a positive economic
contribution to the community at large."
BAUMA - the world's largest mining machinery trade fair
In April 2019, through its subsidiary Dundas Titanium A/S,
Bluejay attended the BAUMA trade fair in Germany, the world's
largest trade fair focusing on construction and mining
machinery.
The Company's representative had meetings with potential
suppliers of construction and mining equipment to prepare for the
commencement of the mine construction and mining operations at
Dundas. Additionally, Bluejay began the purchasing of various items
of machinery to join the existing mining fleet for the initial
phase of construction at the Project.
Future Greenland - Greenland's largest business conference
Bluejay and Dundas Titanium A/S will be represented at the
Future Greenland 2019 conference arranged by the Greenland Business
Association in Nuuk, Greenland. This bi-annual event is the largest
business conference in the country with around 450 international
participants representing business, investors, politicians, NGOs,
etc., with delegates from Denmark, Canada, Iceland, the Faroe
Islands and Scandinavia.
Parallel with the conference, Bluejay and Dundas Titanium A/S
will host a special stakeholder information meeting in which
attendees will be informed of the status of ongoing operations at
the Project.
**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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