nice9 Dec 2015 10:55
The Pituffik project has had initial fieldwork carried out in 2015 by Bluejay, which has revealed the presence of a "very large and unusually pure" titanium occurrence, with work to date indicating the project could be in the top percentile of heavy mineral grade projects worldwide, said FinnAust.
Pituffik is also served by existing infrastructure and a supportive government which is looking to build a "resource-based economy", according to the company.
Overall, the new project will sit alongside the miner's existing operations in Finland and Austria, but FinnAust looks set to jump straight into Pituffik as it is already preparing initial work programmes with the aim of generating cashflow from a "relatively simple yet high value opportunity".