# Bluejay Mining plc 400% increase in JORC maiden mineral resource achieved

- Link: https://www.directorstalkinterviews.com/bluejay-mining-plc-400-increase-jorc-maiden-mineral-resource-achieved/412751451
- Published: 2018-05-22T07:24:58+01:00
- Author: Giles Arbor

**Bluejay Mining plc**, (LON:JAY) the AIM and FSE listed company with projects in
Greenland and Finland, has today provided an update on activities at the Dundas 
Ilmenite Project in Greenland and outline its plans for 2018 as it continues to 
advance the Project towards the commencement of mining. Dundas fieldwork is due 
to commence in June 2018 and is expected to continue until October 2018.

**Highlights:**

• Resource expansion at Dundas:

o Iterlak is the primary focus with plans to significantly increase resources there–
based on internal estimates, the Company plans to define resources in excess of 
100Mt

o Shallow Marine – An assessment for potential measurable mineralisation is due 
from SRK Exploration Services Ltd (‘SRK’) in H2 2018

• Finalising licencing applications:

o Environmental Impact Assessment (‘EIA’) & Social Impact Assessment (‘SIA’) are
ongoing but await finalisation of the mine plan, which is being designed in the 
forthcoming Preliminary Feasibility Study (‘PFS’) and is expected shortly

o Exploitation licence application due to be submitted at the end of this field 
season, following completion of the EIA and SIA

• Customer Acceptance programmes continue to progress well – additional parties 
to receive samples

• A mining fleet has been purchased to commence Civil Engineering works:

o Complete the 2018 bulk sampling programme

o Build the ROM (run-of-mine) pad

o Stockpile high grade material

o Commence earth works around the planned plant and port site

• Disko-Nuussuaq: 2018 exploration programme to refine targets further in expanded
licence area

• Cash balance of >£15m

> **Bluejay Mining Plc CEO Roderick McIllree said:** “2018 has already been a successful
> year for Bluejay with a £17 million raise executed and a 400% increase on the 
> JORC Code compliant maiden mineral resource achieved, which not only reaffirms
> Dundas as the world’s highest-grade ilmenite project but also shows our significant
> scale. Our primary focus now is to ensure that we maintain our momentum towards
> production. To achieve this, our first objective is to finalise and submit our
> relevant exploitation licence applications to the Government of Greenland, which
> we should be in a position to do by the end of this field season. Alongside this,
> in light of the significant JORC Code compliant mineral resource uplift announced
> on 23 April 2018, we intend to undertake targeted exploration work to realise 
> the considerable further potential of our Project; there is a lot more here that
> will be demonstrated over time. In particular, Iterlak was the surprise discovery
> of 2017 and when one looks at the results obtained from Iterlak in Table One it
> is clear this area offers substantial growth opportunity. The Company believes
> that this target area has the potential to surpass the already company-making 
> Moriusaq resource and we are excited to further prove the value proposition of
> this core component of the >30km long licence area.
> “In tandem with our highly active development and expansion programme at Dundas,
> we will also be setting our sights on translating historical exploration achievements
> at our Disko-Nuussuaq Magmatic Massive Sulphide (‘MMS’) Nickel-Copper-Platinum
> Project in Greenland into significant new verifiable discoveries. We have seven
> historically identified significant MMS targets at our newly enlarged Disko licence
> area, with the largest being 5.9km long by 1.1km wide. We look forward to updating
> shareholders separately on these work programmes in due course. We are confident
> that Disko could be among the great MMS systems of the world.”

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