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Greenland Conference 2019, Copenhagen

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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 £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.

 


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 [email protected] or visit www.rns.com.
 
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Quick facts: BlueJay Mining PLC

Price: 8.315

Market: AIM
Market Cap: £80.65 m
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