Bluejay Mining PLC Dundas Project - Electronic Nautical Charts (8726Y)
January 19 2022 - 2:00AM
UK Regulatory
TIDMJAY
RNS Number : 8726Y
Bluejay Mining PLC
19 January 2022
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
19 January 2022
Bluejay Mining plc ( ' Bluejay ' or the ' Company ' )
Dundas Ilmenite Project - Electronic Nautical Charts
published
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded
exploration and development company with projects in Greenland and
Finland, is pleased to announce the important publication of the
Electronic Nautical Charts ('ENCs') by the Danish Geodata Agency
('DK 4ENC's') which covers the key seaward approach and coastal
waters for the Dundas Ilmenite Project.
The Danish Geodata Agency "Geodatastyrelsen" who are responsible
for the production of official nautical charts in Greenland, have
produced and released digitally, five official DK 4ENC's covering
the seaward approach and coastal waters for its subsidiary Dundas
Titanium A/S' Dundas Ilmenite Project. The charts are based on
detailed bathymetry acquired by Dundas Titanium A/S and historical
lower resolution bathymetry. The digital ENCs are now commercially
available for navigational purposes through the IC-ENC
distribution-network. These charts provide important navigational
and bathymetric data which will be utilised during both the
construction period as well as the production phase at Dundas. This
update of the ENC's constitutes a key dataset for the future safe
shipping operations.
Hans Jensen, Managing Director Dundas Titanium A/S said: "We
have been extremely pleased with the collaboration and cooperation
with the team at the Danish Geodata Agency who have produced the
charts. When Dundas Titanium A/S, a Bluejay Mining plc subsidiary,
shipped its bulk sample to Canada in September 2019, it had to rely
on lower quality analogue charts. The production and release of
these updated nautical charts for the approach and near-costal
water towards the future Dundas mine area is a prerequisite for
future safe shipping operations and enables us to advance
discussions with potential bulk-carrier companies regarding the
transport of our products from our mine area in North-West
Greenland."
For further information please visit
http://www.bluejaymining.com or contact:
Roderick McIllree/ Bluejay Mining plc enquiry@bluejaymining.com
Kevin Sheil
------------------------------ --------------------------
Ewan Leggat/ Adam SP Angel Corporate Finance +44 (0) 20 3470
Cowl LLP(Nominated Adviser) 0470
------------------------------ --------------------------
Hannam & Partners (Advisory) +44 (0) 20 7907
Andrew Chubb LLP 8500
------------------------------ --------------------------
Tim Blythe/ Megan +44 (0) 20 7138
Ray Blytheweigh 3205
------------------------------ --------------------------
Notes
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 four globally respected entities as partners, 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-Nuussuaq
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, with preparatory activities scheduled
to commence in 2022. 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 has signed on a major European bank to head the financing
syndicate for Dundas. 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 has agreed a
joint-venture agreement with a mining major at its Enonkoski
Project in Finland and has recently signed a binding agreement for
a partial divestment in a fourth Finnish project.
**ENDS**
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