Bluejay Mining PLC Greenland Conference 2019, Copenhagen (6789V)
04 December 2019 - 11:15PM
UK Regulatory
TIDMJAY
RNS Number : 6789V
Bluejay Mining PLC
04 December 2019
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 GBP4 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:
+44 (0) 20 7907
Roderick McIllree Bluejay Mining plc 9326
SP Angel Corporate Finance
LLP +44 (0) 20 3470
Ewan Leggat Nominated Adviser 0470
---------------------------- ----------------
SP Angel Corporate Finance
LLP +44 (0) 20 3470
Soltan Tagiev Nominated Adviser 0470
---------------------------- ----------------
+44 (0) 20 7907
Andrew Chubb H&P Advisory Ltd. 8538
---------------------------- ----------------
+44 (0) 20 7236
Hugo de Salis St Brides Partners Ltd 1177
---------------------------- ----------------
+44 (0) 20 7236
Cosima Akerman St Brides Partners Ltd 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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