Bluejay Mining PLC Public Consultation Period Ended (8604X)

TIDMJAY

RNS Number : 8604X

Bluejay Mining PLC

03 September 2020

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

3 September 2020

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

Public Consultation Period Ended

Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that the Public Consultation process for the Dundas Ilmenite Project closed yesterday, Wednesday 2 September 2020.

The Company, together with the Government of Greenland, will now continue the composition of the "White Book" to its completion, together with the Impact Benefit Agreement. The Company looks forward to updating shareholders on the Mining Licence decision in due course.

Bluejay would to like thank all parties who contributed to and participated in the Public Consultation.

**ENDS**

For further information please visit http://www.bluejaymining.com or contact:

 
 Roderick McIllree    Bluejay Mining plc              [phone] 
 Kevin Sheil          Bluejay Mining plc              [phone] 
                     ------------------------------  --------------------- 
                      SP Angel Corporate Finance 
                       LLP 
 Ewan Leggat           (Nominated Adviser)            [phone] 
                     ------------------------------  --------------------- 
                      SP Angel Corporate Finance 
                       LLP 
 Soltan Tagiev         (Nominated Adviser)            [phone] 
                     ------------------------------  --------------------- 
                      Hannam & Partners (Advisory) 
 Andrew Chubb          LLP                            [phone] 
                     ------------------------------  --------------------- 
 Charlotte Page       St Brides Partners Ltd          [phone] 
                     ------------------------------  --------------------- 
 Cosima Akerman       St Brides Partners Ltd          [phone] 
                     ------------------------------  --------------------- 
 

Notes

Bluejay is dual listed on the London AIM market and Frankfurt Stock Exchange with projects in Greenland and Finland. Its most advanced project is the Dundas Ilmenite Project in Greenland, which is 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 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 three additional projects in Greenland - the 2,897sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide nickel-copper-cobalt-platinum group element-gold project ('Ni-Cu-Co-PGE-Au'), which has shown its potential to host mineralisation similar to the world's largest nickel-copper mining district at Noril'sk-Talnakh, northern Russia; 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.

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.

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September 03, 2020 02:00 ET (06:00 GMT)