Bluejay Mining PLC Publication of Updated Corporate Presentation (7792L)
September 15 2021 - 2:00AM
UK Regulatory
TIDMJAY
RNS Number : 7792L
Bluejay Mining PLC
15 September 2021
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
15 September 2021
Bluejay Mining plc ('Bluejay' or the 'Company')
Publication of Updated Corporate Presentation
Bluejay Mining plc, the AIM and FSE listed, and OTCQB traded,
exploration and development company with projects in Greenland and
Finland, releases an updated Corporate Presentation: 'Discover,
Develop and Deliver Commodities for the Future', that can be
accessed on the Company's website at:
https://bluejaymining.com/investors/results-reports-presentations/
or via
http://www.rns-pdf.londonstockexchange.com/rns/7792L_1-2021-9-14.pdf
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018.
For further information please visit
http://www.bluejaymining.com or contact:
Roderick McIllree/ Bluejay Mining plc enquiry@bluejaymining.com
Kevin Sheil
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Ewan Leggat/ Adam SP Angel Corporate Finance
Cowl LLP(Nominated Adviser) +44 (0) 20 3470 0470
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Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
------------------------------ --------------------------
Tim Blythe/ Megan
Ray Blytheweigh +44 (0) 20 7138 3205
------------------------------ --------------------------
Bluejay is listed on the London AIM market and Frankfurt Stock
Exchange and its shares also trade on the OTCQB Market in the US.
With multiple projects in Greenland and Finland, Bluejay has now
secured three globally respected entities as partner, customer, and
co-investor on three of its projects, giving the Company and its
shareholders both portfolio and commodity diversification in high
quality jurisdictions.
Bluejay has signed a definitive joint venture agreement with
KoBold Metals to guide exploration for new deposits rich in the
critical materials for electric vehicles (The Disko-Nuussauq
Project). Principal investors in KoBold include Breakthrough Energy
Ventures, a climate & technology fund, overseen by Bill Gates,
and whose investors include Michael Bloomberg, Jeff Bezos, and Ray
Dalio. Other investors in KoBold include Andreessen Horowitz, the
premier Silicon Valley venture capital fund and Equinor, the
Norwegian state-owned multinational energy company.
Bluejay's most advanced project is the Dundas Ilmenite Project
in Greenland, which is fully permitted and being developed towards
production in the near term. The Dundas Ilmenite Project has been
proven to be the highest-grade mineral sand ilmenite project
globally, with a Mineral Resource reported in accordance with the
JORC Code of 117Mt 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 has agreed a Master Distribution Agreement with a major
Asian conglomerate for up-to 340,000ktpa of its anticipated
440,000ktpa annual output. The Company's strategy is focused on
securing financing ahead of commencing commercial production at
Dundas in order to create a company capable of self-funding
exploration on its current and future projects.
Bluejay holds two additional projects in Greenland - the 692sq
km Kangerluarsuk zinc-lead- 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; and
the 2,025 sq km Thunderstone project which has the potential to
host large-scale base metal and gold deposits. Bluejay also has a
joint-venture agreement with a mining major at Enonkoski in Finland
and has recently signed a binding agreement for a partial
divestment in a fourth Finnish project.
**ENDS**
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