TIDMJAY
RNS Number : 5985C
Bluejay Mining PLC
18 June 2019
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
18 June 2019
Bluejay Mining plc ('Bluejay' or the 'Company')
Dundas Ilmenite Project 2019 Work Programme
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to provide an updated 2019
work programme for its 100% owned Dundas Ilmenite Project in
Greenland ('Dundas' or the 'Project'), the world's highest-grade
mineral sands ilmenite project.
Key focus & deliverables for the 2019 work programme
-- Focus on preparing bulk smelter sample for shipment to Rio
Tinto Iron and Titanium Canada Inc.'s ('RTIT') Sorel-Tracy plant in
Quebec, Canada
-- Construction of 2,400t per week ROM demonstration plant for
processing of ilmenite-bearing sand sample into a heavy mineral
concentrate
-- Completion of the final year of the shallow-marine Environmental Base-Line Study
-- Continue with onsite infrastructure development
-- Lodgement of mining licence application
Bluejay continues to progress the development of its advanced
flagship asset, Dundas, where it recently upgraded the Mineral
Resource to 117 million tonnes at 6.1% ilmenite in-situ and
submitted key modules in the Mining Licence application process
including the Environmental Impact Assessment ('EIA'), the Social
Impact Assessment ('SIA') and the pre-feasibility study
('PFS').
The Company has now finalised the 2019 Dundas work programme,
prioritising shipping and processing of the 40,000-tonne
ilmenite-bearing sand bulk sample to produce a smelter sample of
minimum 5,000 tonne heavy mineral concentrate for shipment and
analyse at RTIT's Sorel-Tracy plant in Quebec, Canada. This follows
the recent agreement with RTIT to jointly analyse and assess the
ilmenite from the Dundas project.
To view the announcement with the illustrative maps and diagrams
please follow this link:
http://www.rns-pdf.londonstockexchange.com/rns/5985C_1-2019-6-18.pdf
Bluejay CEO Roderick McIllree said: "I am pleased to report an
update on our very extensive 2019 work programme, which will
provide a solid foundation for the continued development of Dundas
during this field season. This work programme will enable us to
satisfy our agreement with RTIT by delivering 5,000 tonnes of
ilmenite-bearing sands to a potential major customer. This
milestone, when paired with the further advancement of site works,
completion of the final year of offshore studies as well as
continuing to drive towards permitting demonstrates significant
progress that will be made during 2019.
"Looking ahead, we anticipate the official lodgement of our
exploitation application in the coming months and prior to this we
expect to provide a progress update on other assets in our
portfolio. I am delighted that after experiencing delays with
respect to certain aspects of the Project, we are now starting to
build momentum again leading into the approval of a mining
licence."
Bulk Sample Preparation & Shipment
Following Bluejay's recent agreement with RTIT to jointly assess
the ilmenite from the Dundas project, a bulk sample will be
prepared and shipped to Bluejay's demonstration-scale plant site in
Canada. The operational team at Dundas is now finalising plans for
transportation of approximately 40,000 tonnes of in situ high grade
ilmenite bearing sand that will be shipped from Dundas during
Q32019. This will be upgraded to 5,000 tonnes to be delivered to
RTIT. The bulk sample requires approval from the Government of
Greenland which will be sought in the coming weeks.
Additional preparation required for the shipment of the bulk
sample includes the construction of a large barge landing-ramp
which will be used as a platform for the direct loading of the bulk
sample onto a Supramax ice-class 1A carrier and transport to an
industrial area for further processing.
Figure 1: Bulk Sampling Operations within the onshore 13 km long
and up to 1.5 km wide Project area
during the 2018 season.
Demonstration Plant
The material, on arrival to an industrial site in Quebec,
Canada, will be refined utilising Bluejay's containerized
demonstration plant facility (see Figure 2) that is expected to be
delivered to site in early Q3 2019. This facility will allow
processing of the ilmenite-bearing sand into a heavy mineral
concentrate batch of a minimum 5,000 tonne that will be used as the
test parcel at the smelter. The plant will produce a heavy mineral
concentrate with around 89% ilmenite. The plant is constructed
using the same equipment identified by Royal IHC Robbins in the
detailed engineering and mineral separation flow sheet. The
demonstration-plant circuits will comprise all necessary scrubbers
with vibrating screens, different wet spiral concentrators, an
upward current classifier, dewatering screens and water management
systems. The plant also allows for verification of the process
design and optimised processing at a demonstration-scale.
Figure 2: Sketch of the Dundas Ilmenite Project demonstration
plant that will be used to produce in excess of 5000t heavy mineral
concentrate for the smeltable bulk-sample.
Shallow-Marine Studies
Following the announcement dated 29 May 2019 regarding Bluejay's
maiden 300-530Mt shallow-marine JORC compliant Exploration Target
at Dundas, the Company will this year complete the four-year
Environmental Base-Line Study in the shallow-marine licence area of
the Project. Bluejay will continue evaluation of the shallow-marine
Exploration Target, with the eventual goal of converting this into
a JORC defined resource.
The final year of the shallow-marine environmental baseline
study will be extended to depths of 50m under water. The study will
be undertaken by the consultant company Orbicon Arctic A/S, which
completed the onshore EIA recently submitted to the Greenlandic
authorities. Orbicon Arctic A/S will carry out the survey using a
remotely operated submersible vehicle that will video-document and
sample the sea-bed conditions, general habitat and ecosystem, as
well as assess the seabed conditions for offshore exploration and
development operations at Dundas. This sampling programme will
allow for the eventual application for a marine exploitation
licence, once this target has been sufficiently developed and the
expanded production plan for Dundas is completed.
Infrastructure Development
The Company is currently progressing the expansion of its mining
fleet (see Figure 3), the general infrastructure at the camp at
Dundas and is installing a fully comprehensive communications
system. This is in addition to the barge-ramp construction, which
will be a large undertaking this year.
Inuplan A/S, a local Greenlandic engineering and construction
company with more than 50 years of experience advising on large
infrastructural projects and construction in arctic conditions in
Greenland, has been engaged to assess the Company's infrastructure
development plans for Dundas. Its involvement in this assessment
will bring critical local expertise on construction and cold
weather design, as well as ensuring compliance with Greenlandic
building regulations. Inuplan A/S will, as part of the assessment,
complete a technical visit at Dundas this year.
CEO Inuplan A/S Kristian Lennert said: "We are excited to be
working with the team at Dundas Titanium A/S on this exciting and
low impact project. We regard this as a very promising project with
a lot of benefit for the Greenlandic society. We look forward to
adding local Greenlandic expertise to the development."
Figure 3: D9 Caterpillar dozer ready to be deployed and added to
the mining fleet at Dundas. The 49 tons D9 dozer will also be used
in the production of the ilmenite-bearing sand bulk-sample, related
infrastructure development and ship loading operation at Dundas
this year.
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.titanium.gl or
contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
SP Angel Corporate Finance
Ewan Leggat LLP +44 (0) 20 3470 0470
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SP Angel Corporate Finance
Soltan Tagiev LLP +44 (0) 20 3470 0470
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Hannam & Partners (Advisory)
Ingo Hofmaier LLP +44 (0) 20 7907 8500
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Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
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Hugo de Salis St Brides Partners Ltd +44 (0) 20 7236 1177
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Cosima Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
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END
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