Bluejay Mining Plc ORD 0.01p, (LON:JAY) the AIM and FSE listed company with projects in Greenland and Finland, has today announced that the feasibility study has commenced at the Dundas Ilmenite Project (previously referred to as the Pituffik Titanium Project and henceforth the ‘Dundas Ilmenite Project’ or the ‘Project’). The change of the Project name has been made to align with the new Greenlandic subsidiary and to assist with the exploitation application documentation.
To complete the feasibility study and to advance the Project into production in 2018, the Company is delighted to advise that it has appointed the following group of advisers:
· SRK Consulting (‘SRK’) appointed to update the resource estimate, prepare the mining schedule and assess water management aspects as well as review the study as a whole;
· IHC Robbins (‘IHCR’) appointed to complete the process plant engineering & design study;
· Royal IHC (‘IHC’) expected to finalise a dredging study with final draft expected in the coming month; and
· Amec Foster Wheeler Americas Ltd (‘Amec’) to undertake the infrastructure and services part of the study.
The final feasibility report is expected for completion during Q1 2018. This will form the final part of the exploitation licence application that is expected to be approved during H1 2018.
The Company is also pleased to announce that a new corporate presentation, that was used at the Titanium Summit 2017 earlier this month, is available to view on the Company’s website: www.titanium.gl
Bluejay Mining plc CEO Roderick McIllree said, “IHC, IHCR and SRK are all leaders in their field and have a long history of working with the Company, with a solid understanding of the Dundas Ilmenite Project. We are accordingly delighted to be working with them once more. Alongside this, we are pleased to be able to add Amec to our group of advisers. Their proven knowledge and understanding of climate, logistics, minerology and process design will be invaluable as we now refine and finalise our production plans. With this exemplary team behind us, we are poised to complete the feasibility study during Q1 2018 and advance into our next phase of growth.
“Collectively, we expect these work programmes to help confirm the low-cost development model of the Project, which we believe will be in the lowest quartile production costs for ilmenite projects globally thanks to the simple minerology, low-cost separation techniques and strategic Greenlandic location. This model and the Project’s commercial value has been underpinned through recent metallurgical test work, which continues to provide us with the confidence that we can commercially produce in-demand, high quality ilmenite products. With an exploitation licence application due to be placed in the next few months we can certainly say that 2017 continues to be an extremely productive year for Bluejay.”
SRK is an independent, international consulting practice that has a proven understanding of the Project having produced the Maiden Mineral Resource Estimate, which underpinned the Project as the highest-grade mineral sand ilmenite project globally. In addition to taking responsibility for the resource, mining and water management aspects, SRK will review the study as a whole to provide the Company with independent oversight. The company
IHCR is a leading service provider to the heavy minerals mining and processing sector, providing clients with metallurgical test work, practical engineering and specialised equipment. IHCR was formed following a merger between Robbins Technology Group and Royal IHC in late 2015. Bluejay has an existing ongoing relationship with IHC following their engagement in June 2016 to provide primary support services to the Company at the Dundas Ilmenite Project. More recently they have executed a metallurgical test work programme at the Company’s pilot plant located at IHCR in Queensland, Australia.
IHC is a globally recognised player in mineral sands handling and processing, dredge mining and construction with a long history of in-house expertise operating experience in locations throughout the world in both deep and shallow marine environments.
Amec brings proven capability in cold climate engineering with delivery of more than 100 studies and projects in Alaska, the Yukon, Nunavut, the Northwest Territories, northern Quebec, Greenland and Arctic Russia. The company was recently acquired by John Wood Group plc, a global leader in the delivery of project, engineering and technical services to energy and industrial markets. Within their role at Dundas, particular emphasis will be given to pre-assembly and modularisation within what will be a compact processing plant and building layout.