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Pin to quick picksBluejay Regulatory News (JAY)

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Board Appointment

4 Sep 2017 07:00

RNS Number : 5765P
Bluejay Mining PLC
04 September 2017
 

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

4 September 2017

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

Board Appointment

 

Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce the appointment of Mr. Michael Hutchinson ('Mike') as non-executive Chairman with immediate effect. He brings a deep understanding of commodities and metal trading in general, at a time of significant growth and development for the Company.

 

Mr. Hutchinson began his career at Metallgesellschaft Ltd where he worked for 25 years, ultimately becoming the Managing Director in 1985. Metallgesellschaft Ltd was a metal trading subsidiary of one of Germany's largest industrial conglomerates. In addition to this, Mike was Director of the London Metals Exchange (LME) between 1986-2008, which is the world's largest market for industrial metals trading. Since then he has held a number of notable board and management roles, which includes being Chairman of Metalloyd Ltd, a major supplier of steel and raw materials to traders, distributors and end-users, and Chairman of Greenland Minerals & Energy Ltd, which successfully overturned the long-standing Danish and Greenlandic ban on uranium exploitation. He was also Chairman of Wogen Ltd a speciality metals trading house. Currently, he is Chairman of SL & PF Solar Limited, a Director of Pierces Solar Limited, and Non-Executive Director of Greenland Gas & Oil Limited.

 

Bluejay CEO Roderick McIllree said, "I am delighted to welcome Mike to the Bluejay board. With a distinguished career spanning almost 50 years in the metals industry, Mike brings a wealth of specialised operational experience, particularly in Greenland, and an esteemed network of contacts, which will be extremely useful as we look to move through the offtake and sales process. Accordingly, this is a pivotal time for the Company, and with our 2017 work programme continuing to progress at a rapid pace, I look forward to working with Mike as we look to establish Bluejay as a revenue generative mining company."

 

Mr Michael John Hutchison, aged 70, currently holds or has held the following directorships and partnerships in the last five years:

 

Current Directorships

Past Directorships

Bluejay Mining plc

Greenland Gas & Oil Limited

PF Solar Limited

Pierces Solar Limited

SL Solar Limited

Armajaro Holdings Limited

Armajaro Trading Ltd

Beatty Interiors Limited

Ecom Agrotrade Ltd

Erus Metals Limited

Georgian Mining Corporation (formerly Noricum Gold Limited)

Greenland Minerals and Energy Limited

Mecom Group Limited

RBRG Trading (UK) Limited

Tiberius Metals Group

 

 

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

 

**ENDS**

Further Information

 

For further information on Bluejay Mining plc please visit http://www.titanium.gl or contact one of the following:

 

Roderick McIllree

Bluejay Mining plc

+44 (0) 20 7907 9326

Ewan Leggat

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Soltan Tagiev

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Charlotte Page

St Brides Partners Ltd

+44 (0) 20 7236 1177

Megan Dennison

St Brides Partners Ltd

+44 (0) 20 7236 1177

 

Notes

 

Bluejay is dual listed on the London AIM market and Frankfurt Stock Exchange and primarily focussed on advancing the Pituffik Titanium Project in Greenland into production in 2018. Pituffik has been proven to be the highest-grade mineral sand ilmenite project globally, with an initial Inferred JORC resource of 23.6Mt at 8.8% ilmenite (in situ), including a high-grade zone equal to 7.9Mt at 14.2% ilmenite. Crucially significant further upside remains, as the resource forms part of a larger exploration target for the tested area of between 90Mt to 130Mt at an in-situ grade of between 6.3% and 8.4% ilmenite. Furthermore, the resource area covers just ~17% of the raised beach area - one of three main target areas situated along an >40km coastline:

 

· Raised beaches; containing ilmenite accumulations over widths of more than 1km, of unknown depths, along more than 30km of coastline;

· Active beaches; which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone; and

· Drowned beaches; refers to the areas seaward of active beaches.

 

The Company's strategy is focused on the production of a bulk sample "proof of concept" from the Pituffik Project in 2017 with the aim of securing an offtake partner and commencing commercial production in 2018 in order to create a company capable of self-funding exploration on current projects and future acquisitions.

 

Bluejay holds two additional projects in Greenland - the 194sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide ('MMS') nickel-copper-platinum project ('Ni-Cu-PGM'), which has shown its potential to host mineralisation similar to the world's largest nickel/copper sulphide mine Norilsk-Talnakh, and the 107sq km Kangerluarsuk Sed-Ex lead-zinc-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. Bluejay intends to conduct a high-powered, ground based, electromagnetic survey at Disko in Q4 2017 for the purposes of identifying optimum drill site locations for the possibility of drilling during 2018.

 

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.

 

Qualified Persons

 

The information in this press release that relates to Mineral Resources is based on information compiled under the direction of Dr Mike Armitage C Geol., C Eng., who is a Member of the Institute of Materials, Minerals and Mining which is a Recognised Overseas Professional Organisation ('ROPO') included in a list promulgated by JORC from time to time.

 

Dr Armitage is a full-time employee of SRK Consulting (UK) Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code) and for the purposes of the AIM Rules. Dr Armitage has reviewed this press release and consents to the inclusion in the press release of the matters based on his information in the form and context in which this appears.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOAKFLBBDKFBBBF
Date   Source Headline
1st May 20247:00 amRNSAcquisition of Sedimentary Hosted Copper Project
29th Apr 202411:10 amRNSUpdate on Disko-Nuussuaq Ni-Cu-Co-PGE Project
19th Apr 20247:00 amRNSExpansion of Corporate Strategy
16th Apr 20247:00 amRNSDundas Ilmenite Resource Update
5th Apr 20247:00 amRNSIssue of Options
2nd Apr 20241:35 pmRNSChange to OTCQB Listing
9th Feb 202411:10 amRNSTermination of Employment of VP Exploration
7th Feb 20242:14 pmRNSHolding(s) in Company
5th Feb 20242:14 pmRNSResult of General Meeting
1st Feb 20241:28 pmRNSHolding(s) in Company
31st Jan 20247:00 amRNSTotal Voting Rights
17th Jan 20247:00 amRNSBluejay Raises £1.2 Million
16th Jan 20246:29 pmRNSResult of Placing
16th Jan 20244:35 pmRNSProposed Placing
11th Jan 20243:40 pmRNSHolding(s) in Company
22nd Dec 20237:00 amRNSDirector Dealing
21st Dec 20231:00 pmRNSReplacement - Board changes
20th Dec 20237:00 amRNSBoard changes
7th Dec 20231:58 pmRNSHolding(s) in Company
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26th Oct 20237:00 amRNSBluejay to participate in EUR5.6M AIMEX Project
2nd Oct 20237:00 amRNSHammaslahti drilling - high-grade mineralisation
29th Sep 20237:00 amRNSInterim Results
29th Sep 20237:00 amRNSTotal Voting Rights
21st Sep 20237:06 amRNSVideo Interview Update
21st Sep 20237:03 amRNSResults of 2022 Field Programme at Disko-Nuussuaq
21st Sep 20237:00 amRNSDundas Ilmenite Project Update
6th Sep 20237:00 amRNSVideo Interview Update
31st Aug 20237:00 amRNSTotal Voting Rights
23rd Aug 20237:00 amRNSPlacing to raise £600,000
10th Aug 20233:13 pmRNSHolding(s) in Company
31st Jul 20235:16 pmRNSHolding(s) in Company
31st Jul 20239:30 amRNSVideo Interview Update
31st Jul 20238:44 amRNSMetals One Trading on Aim
31st Jul 20237:01 amRNSDirector Equity Subscriptions
31st Jul 20237:00 amRNSTotal Voting Rights
27th Jul 20232:57 pmRNSResult of General Meeting
24th Jul 20231:51 pmRNSFinland Strategy & Operational Update
24th Jul 20231:26 pmRNSBluejay to retain 100% of the Enonkoski Project
30th Jun 20234:45 pmRNSResults of Annual General Meeting
30th Jun 20237:00 amRNSPlacing and Operational Video Interview Update
29th Jun 20235:44 pmRNSFinal Results ended 31 December 2022
28th Jun 20237:00 amRNSPlacing and Operational Update
7th Jun 20237:00 amRNSNotice of Annual General Meeting
30th May 20237:00 amRNSDrilling Commences at Hammaslahti
12th May 20231:29 pmRNSAppointment of Sole Broker
26th Apr 20235:29 pmRNSTR-1: Notification of major holdings
25th Apr 20237:00 amRNSFinancing Update
13th Apr 202310:34 amRNSChange of Registered Office
28th Mar 20237:00 amRNSFollow Up Drilling Underway at Enonkoski

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