(Alliance News) - Bluejay Mining PLC on Monday said a 42,000 tonne bulk sample from its Dundas ilmenite project had departed Greenland, destined for Canada.
The bulk sampling material is to be shipped and then stockpiled at the miner's processing facility before being refined into up to 10,000 tonnes of heavy mineral concentrate.
Of this, half will sent to Rio Tinto Iron & Titanium Canada Inc for testing in the Sorel-Tracy Plant in Quebec. It will be tested to confirm whether or not it is suitable for commercial use at the Sorel-Tracy facility.
Pangaea Logistic Solution executed the shipping, and ship loading took under three days with a loading rate of just above 19,000 metric tonnes a day "with minimal disruption".
Bluejay Chief Executive Roderick McIllree said: "We are excited about the coming months and will update the market on developments across the wider portfolio in due course. Dundas is one of two large-scale projects currently being assessed for development in Greenland and the board anticipates this asset will be the next Greenland mineral project to receive an exploitation licence.
We are developing and advancing projects which we believe to be of high quality, levering off centuries of Danish state sponsored exploration in one of the last underdeveloped resource regions globally. The support from the government of Greenland for us and the international consortium put together to facilitate this bulk sample underlines that Greenland is open for business."
Shares in Bluejay Mining were up 1.0% at 9.29 pence in London on Monday afternoon.
Bluejay (JAY)