Bluejay Mining PLC Independent Investment Research Initiation Report
January 06 2022 - 2:00AM
RNS Non-Regulatory
TIDMJAY
Bluejay Mining PLC
06 January 2022
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
6 January 2022
Bluejay Mining plc ('Bluejay' or the 'Company')
Bluejay Initiation Report Released by Independent Investment
Research
Bluejay Mining plc, the AIM and FSE listed, and OTCQB traded,
exploration and development company with projects in Greenland and
Finland, is pleased to share that Independent Investment Research,
a company headquartered in Denver, United States which specialises
in providing high quality commissioned equities and funds research
in Australia and the United States, has released an Initiation
Report on Bluejay.
The report can be accessed on the Company's website at:
https://bluejaymining.com/investors/results-reports-presentations/.
For further information please visit
http://www.bluejaymining.com or contact:
Roderick McIllree/ Bluejay Mining plc enquiry@bluejaymining.com
Kevin Sheil
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Ewan Leggat/ Adam SP Angel Corporate Finance
Cowl LLP(Nominated Adviser) +44 (0) 20 3470 0470
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Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
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Tim Blythe/ Megan
Ray Blytheweigh +44 (0) 20 7138 3205
------------------------------ --------------------------
Bluejay is listed on the London AIM market and Frankfurt Stock
Exchange and its shares also trade on the OTCQB Market in the US.
With multiple projects in Greenland and Finland, Bluejay has now
secured three globally respected entities as partner, customer, and
co-investor on three of its projects, giving the Company and its
shareholders both portfolio and commodity diversification in high
quality jurisdictions.
Bluejay has signed a definitive joint venture agreement with
KoBold Metals to guide exploration for new deposits rich in the
critical materials for electric vehicles (The Disko-Nuussauq
Project). Principal investors in KoBold include Breakthrough Energy
Ventures, a climate & technology fund, overseen by Bill Gates,
and whose investors include Michael Bloomberg, Jeff Bezos, and Ray
Dalio. Other investors in KoBold include Andreessen Horowitz, the
premier Silicon Valley venture capital fund and Equinor, the
Norwegian state-owned multinational energy company.
Bluejay's most advanced project is the Dundas Ilmenite Project
in Greenland, which is fully permitted and being developed towards
production in the near term, with preparatory activities scheduled
to commence in 2022. The Dundas Ilmenite Project has been proven to
be the highest-grade mineral sand ilmenite project globally, with a
Mineral Resource reported in accordance with the JORC Code of 117Mt
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 has agreed a
Master Distribution Agreement with a major Asian conglomerate for
up-to 340,000ktpa of its anticipated 440,000ktpa annual output. The
Company's strategy is focused on securing financing ahead of
commencing commercial production at Dundas and has appointed a
Global Investment Bank as the lead arranger. This strategy will
create a company capable of self-funding exploration on its current
and future projects.
Bluejay holds two additional projects in Greenland - the 692sq
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; and
the 2,025 sq km Thunderstone project which has the potential to
host large-scale base metal and gold deposits. Bluejay also has a
joint-venture agreement with a mining major at Enonkoski in Finland
and has recently signed a binding agreement for a partial
divestment in a fourth Finnish project.
**ENDS**
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