Bluejay Mining PLC Commencement of the Public Consultation Process (0002R)
25 Junio 2020 - 01:00AM
UK Regulatory
TIDMJAY
RNS Number : 0002R
Bluejay Mining PLC
25 June 2020
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
25 June 2020
Bluejay Mining plc ('Bluejay' or the 'Company')
Commencement of the Public Consultation for the Dundas Ilmenite
Project
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to provide an update on its
exploitation licence (the 'Exploitation Licence') application for
the Dundas Ilmenite Project ('Dundas' or the 'Project') in
Greenland.
The Company has been officially informed by The Ministry of
Mineral Resource that the Public Consultation for the Dundas
Ilmenite Project commenced Wednesday 24th June, 2020 (see
https://naalakkersuisut.gl/en/Hearings/Hearing-Archive/2020/Titaniumsprojektet_Pituffik
)
Greenland Government Minister for Industry and Mineral Resources
Jens Frederik Nielsen stated:
"We are pleased to have found an appropriate solution with
Bluejay and Dundas Titanium in proceeding safely and securely with
the Public Consultation Process during these unprecedented times.
We see the Dundas Ilmenite Project as an important opportunity for
North-West Greenland and the country as a whole, which will be
demonstrated in the consultation meetings."
Due to the challenges presented by the COVID-19 pandemic,
particularly affecting the consultation meetings which form a
crucial component of the Public Consultation, the Government of
Greenland has extended the Consultation Period from eight to ten
weeks. In parallel to the Consultation Period, Bluejay will advance
the dialogue regarding the Impact Benefit Agreement as well as
collating the 'White Paper', which manages the Company's responses
to questions that arise from the consultation process.
These are the requirements on the Company prior to the
finalisation of the Impact Benefit Agreement and the subsequent
Governmental decision on an award or not of an Exploitation Licence
for the Dundas Ilmenite Project
Bluejay CEO, Roderick McIllree said: " I am extremely pleased
that we now have an accepted Exploitation Licence application and
that the Public Consultation has commenced. I would like to thank
both the Greenlandic Authorities and the Bluejay team for their
hard work in finding a solution in these COVID-19 challenged times.
The unprecedented global situation has put a lot of pressure on the
society and the authorities in Greenland, but I'm happy that the
Company can now say it is reaching the final components of the
decision making process regarding the Mining Licence award for
Dundas."
Hans Jensen, Managing Director of subsidiary Dundas Titanium A/S
said: "We very much look forward to continuing the good working
relations with the Greenlandic Government, local stakeholders,
suppliers and the Avannaata Kommunia; the municipality of
North-West Greenland, in the continuing effort to create a
sustainable, low impact, long duration mining operation for the
benefit of Greenland and all stakeholders.
"Being able to support and create job opportunities for the
community in the high Arctic is a special privilege. I have lived
and worked in Greenland for 32 years and I have travelled all over
the country, but I must say that the population living in the high
Arctic deserves opportunities like this. Dundas could be a once in
a lifetime opportunity for employment and growth in the region.
Last year, in collaboration with The School of Mines in Sisimiut
and the Government, Bluejay commenced training and educating
potential machine operators, and we have already had students from
The School of Mines and the local communities working for us during
our summer programmes.
"We look forward to increasing the collaboration even further in
the years to come, bringing the Dundas Ilmenite Project into its
next phase. We very much look forward to engaging with the public
during this Consultation Period."
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**
For further information please visit
http://www.bluejaymining.com or contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
Kevin Sheil Bluejay Mining plc +44 (0) 20 7907 9326
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Ewan Leggat (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Soltan Tagiev (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
------------------------------ ---------------------
Charlotte Page 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 with projects in Greenland and Finland. Its most
advanced project is the Dundas Ilmenite Project in Greenland, which
is being developed towards production in the near term. The Dundas
Ilmenite Project 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 three additional projects in Greenland - the
2,897sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide
nickel-copper-cobalt-platinum group element-gold project
('Ni-Cu-Co-PGE-Au'), which has shown its potential to host
mineralisation similar to the world's largest nickel-copper mining
district at Noril'sk-Talnakh, northern Russia; the 692sq 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; and
the 2,025 sq km Thunderstone project which has the potential to
host large-scale base metal and gold deposits.
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 news service of the
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END
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