Bluejay Mining PLC – Interim Results

Bluejay Mining PLC – Interim Results

Bluejay Mining plc, the AIM and FSE listed exploration company with projects in Greenland and Finland, is pleased to announce its interim results for the six months ended 30 June 2019.

 

Overview:

·      Excellent progress achieved across the Greenland focussed portfolio, a jurisdiction increasingly recognised as one of the last underdeveloped mineral regions

·      Operational focus remained on Dundas Titanium Project, the world's highest-grade ilmenite mineral sand project where multiple milestones have been achieved including:

o  Resource upgraded to 117Mt at 6.1% ilmenite

o  Maiden offshore Exploration Target of between 330Mt and 530Mt

o  Agreement signed with Rio Tinto Iron and Titanium Canada Inc

o  Submission of Environmental and Social Impact Assessments

o  Publication of Summary Pre Feasibility Study

o  Shipment of first Bulk sample to Canada for testing at RTIT's Sorel-Tracy plant in Quebec

o  Application for an exploitation licence lodged on 17 September 2019

·      Working closely with all stake holders including Greenlandic Government and local communities to advance project portfolio and deliver "discover, develop and deliver" strategy

·      Exploration programme, being executed on Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide ('MMS') Nickel-Copper-Cobalt-Platinum Group Metals ('PGM') Project and planned for the Kangerluarsuk zinc-lead- silver project

·      Defined strategy in place to advance portfolio to build value

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