The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBluejay Regulatory News (JAY)

Share Price Information for Bluejay (JAY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.305
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.01 (3.333%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.305
JAY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Disko Licence Expansion, Greenland

2 May 2018 07:00

RNS Number : 8144M
Bluejay Mining PLC
02 May 2018
 

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

02 May 2018

 

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

Licence Expansion at Disko-Nuussuaq Nickel-Copper-Platinum Project, Greenland

 

Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that it has further increased its land package for the Disko-Nuussuaq Magmatic Massive Sulphide ('MMS') Nickel-Copper-Platinum Project ('Disko' or the 'Project') in south-west Greenland by an additional 1,616km2. The Project now comprises a total of 2,586km2. The area under license at Disko is now approximately the size of the country of Luxembourg and we have secured this additional acreage following positive results from recently completed internal studies. To view the press release with the illustrative maps and diagrams please use the following link:

 

http://www.rns-pdf.londonstockexchange.com/rns/8144M_-2018-5-1.pdf

 

Bluejay CEO Roderick McIllree said, "This increase in licence grant almost doubles our landholding at Disko, which has clear similarities to other great MMS systems of the world. We believe in the geological model defined by several majors before us and will work to unlock value here during 2018.

 

"We have several parties interested in partnering with us on this project and we will carefully evaluate these individually to determine the best way forward for shareholders. Work will focus on developing drill targets in the newly enlarged project and will run in parallel to our primary development work at the Dundas Ilmenite Project ("Dundas"), which due to its close proximity makes implementing two development programmes very cost effective.

 

"With production approaching at Dundas, and significant further upside from Disko, we have a valuable portfolio that strongly positions us for long term growth."

 

About Disko

 

Located on the south-west coast of Greenland, Disko has shown its potential to host mineralisation similar to the nickel/copper sulphide mine Norilsk-Talnakh located in northern Russia. Seven significant MMS targets have been identified to-date at the licence area, with the largest being 5.9km long by 1.1km wide. A 28t boulder assaying 6.9% nickel, 3.7% copper, 0.6% cobalt and 2g/t platinum group metals has also been discovered on the licence area, which is now displayed in the foyer of the Danish Geological Museum in Copenhagen, further highlighting the potential of these licences.

 

A surface sampling programme in 2017 confirmed a working sulphide system at Disko with initial chemical assays in oxidised surface material returning 2.02% nickel, 0.8% copper, 0.2% cobalt. Handheld XRF sampling on fresh, polished material returned values averaging between 4.6%-9.3% nickel & 1.5-2.8% copper. Fresh samples taken from outcrops confirmed characteristics indicative of large scale Ni-Cu-Co-PGE sulphide segregation and course grained inter-locking crystals of metal sulphides were observed in hand specimens with an average size of +15cm. Further details of the exploration work conducted at Disko are set out in the Company's announcement of 8 December 2017.

 

The Company will shortly announce its 2018 work programmes for both Disko and Dundas and looks forward to providing these details in due course.

 

Figure 1. New licence areas at Disko shown in red - See PDF

 

Market Abuse Regulation (MAR) Disclosure

 

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

**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

Ingo Hofmaier

Hannam & Partners (Advisory) LLP

+44 (0) 20 7907 8500

Andrew Chubb

Hannam & Partners (Advisory) LLP

+44 (0) 20 7907 8500

Charlotte Page

St Brides Partners Ltd

+44 (0) 20 7236 1177

Susie Geliher

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 Dundas Ilmenite Project in Greenland into production in the near term. Dundas has been proven to be the highest-grade mineral sand ilmenite project globally, with a JORC Compliant Resource of 96 million tonnes at 6.9% ilmenite (in situ) and an Exploration Target over the Iterlak Delta of between 20 million tonnes and 60 million tonnes at between 6% and 10% 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 two additional projects in Greenland - the 2,586 sq 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.

 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDFKDDDOBKDNPK
Date   Source Headline
22nd Oct 20207:00 amRNSDundas Navigational Safety Investigation accepted
30th Sep 20207:00 amRNSHalf-year Report
22nd Sep 20207:00 amRNSCompletion of Thunderstone Field Programme
3rd Sep 20207:00 amRNSPublic Consultation Period Ended
2nd Sep 202010:36 amRNSOTC Listing
1st Sep 20208:25 amRNSPositive adjustments to licence obligations
17th Aug 20207:00 amRNSHolding(s) in Company
14th Aug 20207:00 amRNSPublic Consultation Meetings Completed for Dundas
10th Aug 20207:00 amRNSUpdate on the Thunderstone Project, Greenland
3rd Aug 20207:00 amRNSDundas Public Consultation - Progress update
22nd Jul 20207:00 amRNSConditional Agreement Extension and Increase
8th Jul 20203:53 pmRNSGrant of Options
2nd Jul 20204:44 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
2nd Jul 20204:35 pmRNSPrice Monitoring Extension
25th Jun 20207:00 amRNSCommencement of the Public Consultation Process
18th Jun 202012:14 pmRNSResult of AGM
16th Jun 202010:23 amRNSDundas Exploitation Licence Update
21st May 20207:00 amRNSFinal Results and Notice of AGM
15th Apr 20207:00 amRNSTwo New Exploration Licences in South Greenland
14th Apr 20207:00 amRNSOperational Update
27th Mar 20201:00 pmRNSCOVID -19 response
18th Mar 20204:43 pmRNSSecond Price Monitoring Extn
18th Mar 20204:36 pmRNSPrice Monitoring Extension
17th Mar 20204:40 pmRNSSecond Price Monitoring Extn
17th Mar 20204:36 pmRNSPrice Monitoring Extension
3rd Mar 20207:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
26th Feb 20207:00 amRNSPresentation & Attendance at 2020 PDAC Convention
24th Feb 20207:00 amRNSDundas Project Licencing Update
14th Feb 202012:02 pmRNSPrice Monitoring Extension
11th Feb 20207:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
5th Feb 20207:00 amRNSEIA confirmed compliant at Dundas Ilmenite Project
4th Feb 20207:00 amRNSResults of Geochemical Surveys at Disko
28th Jan 20207:00 amRNSDundas Licencing Update and Dundas A/S Appointment
27th Jan 20207:00 amRNSExploration Licence awarded at Kangerluarsuk
31st Dec 20197:00 amRNSTotal Voting Rights
17th Dec 20192:48 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
16th Dec 20197:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
12th Dec 20193:30 pmRNSBoard Change
12th Dec 201911:15 amRNSResult of General Meeting
12th Dec 20199:23 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
4th Dec 201912:15 pmRNSGreenland Conference 2019, Copenhagen
29th Nov 20197:00 amRNSTotal Voting Rights
28th Nov 20194:10 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
27th Nov 20197:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
20th Nov 20197:00 amRNSStrategic Investment and Fundraise
12th Nov 20197:00 amRNSAppointment of Greenland Exploration Manager
23rd Oct 20197:01 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
23rd Oct 20197:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
21st Oct 20197:00 amRNSKangerluarsuk - Exploration Licence Application
14th Oct 20197:00 amRNSCompletion of 2019 Exploration Programme at Disko

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.