Last checked at 4 Dec 2019 12:15
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
4 December 2019
Bluejay Mining plc ('Bluejay' or the 'Company')
Greenland Conference 2019, Copenhagen
Bluejay Mining, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that Executive Director Bo Møller Stensgaard and CEO Rod McIllree are keynote speakers at the Confederation of Danish Industry's Greenland Conference 2019.
At the conference, held today, Bo Møller Stensgaard and Rod McIllree will discuss the strategic location of Greenland and its significance for the mining industry. Bluejay counts itself in the vanguard of the mining industry in Greenland and recently received a £4 million funding commitment from Greenlandic and Danish Government owned investment vehicles. Greenland's importance as a mining destination was recently highlighted with talks between the US and Danish governments regarding investment opportunities in what is fast emerging as one of the world's last underdeveloped resource destinations.
Key figures from governmental, international and local entities will be at the conference, as well as international investors and representatives of bodies including the Arctic Economic Council and Greenland Venture. In its fifth year of taking place, the Greenland Conference 2019 has achieved a record number of attendees to date, among which are included embassy representatives from 24 different countries globally, including the Russian Federation, the USA and the UAE. The presence of these important factions presents an opportunity for Bluejay to further strengthen relationships with vital stakeholders.
**ENDS**
For further information please visit http://www.titanium.gl or contact:
Roderick McIllree | Bluejay Mining plc | +44 (0) 20 7907 9326 |
Ewan Leggat | SP Angel Corporate Finance LLP Nominated Adviser | +44 (0) 20 3470 0470 |
Soltan Tagiev | SP Angel Corporate Finance LLP Nominated Adviser | +44 (0) 20 3470 0470 |
Andrew Chubb | H&P Advisory Ltd. | +44 (0) 20 7907 8538 |
Hugo de Salis | St Brides Partners Ltd | +44 (0) 20 7236 1177 |
Cosima Akerman | 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 focused 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 117 million tonnes at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% 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 Noril'sk-Talnakh, and the 107sq km Kangerluarsuk zinc-lead- 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.