Bluejay Mining PLC Total Voting Rights (1964P)
31 August 2017 - 4:00PM
UK Regulatory
TIDMJAY
RNS Number : 1964P
Bluejay Mining PLC
31 August 2017
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
31 August 2017
BlueJay Mining plc ('BlueJay' or the 'Company')
Total Voting Rights
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, announces, for the purposes of the FCA's
Disclosure and Transparency Rules, that the total issued share
capital of the Company consists of 768,432,554 ordinary shares of
0.01p each ("Ordinary Shares") with voting rights.
The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company is
768,432,554 and this figure may be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure and Transparency Rules.
**ENDS**
For further information please visit http://www.titanium.gl or
contact:
+44 (0) 20 7907
Roderick McIllree Bluejay Mining plc 9326
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SP Angel Corporate +44 (0) 20 3470
Ewan Leggat Finance LLP 0470
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SP Angel Corporate +44 (0) 20 3470
Soltan Tagiev Finance LLP 0470
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St Brides Partners +44 (0) 20 7236
Charlotte Page Ltd 1177
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St Brides Partners +44 (0) 20 7236
Megan Dennison Ltd 1177
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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
TVRZMGZRMLFGNZM
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