Bluejay Mining PLC Result of AGM (6930D)

TIDMJAY

RNS Number : 6930D

Bluejay Mining PLC

27 June 2019

Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining

27 June 2019

Bluejay Mining plc ('Bluejay' or the 'Company')

Result of AGM

Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that at the Company's Annual General Meeting ('AGM') held earlier today, all resolutions were duly passed.

**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 117 million tonnes at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% 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

RAGUBVURKOANUAR

(END) Dow Jones Newswires

June 27, 2019 08:56 ET (12:56 GMT)

Bluejay Mining (LSE:JAY)
Historical Stock Chart
From Jun 2024 to Jul 2024