Bluejay Mining PLC Dundas Navigational Safety Investigation accepted (8428C)
October 22 2020 - 2:00AM
UK Regulatory
TIDMJAY
RNS Number : 8428C
Bluejay Mining PLC
22 October 2020
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
22 October 2020
Bluejay Mining plc
('Bluejay' or the 'Company')
Navigational Safety Investigation accepted for Dundas Ilmenite
Project
Bluejay Mining plc, the AIM and FSE listed exploration and
development company with projects in Greenland and Finland, is
pleased to announce that the Navigational Safety Investigation
("NSI") study for the Dundas Ilmenite Project ("Dundas" or the
"Project") has been accepted by the Danish Maritime Authority
("DMA").
The NSI was carried out by FORCE Technology, Division for
Maritime Industry in Denmark. FORCE Technology is among the leading
technological consulting and service companies worldwide with a
profound competency in the maritime sector. The NSI was undertaken
with contributions from the Greenland Pilot Service and the Danish
Metrological Institute.
DMA is responsible for safety of navigation in Greenland waters
and the Arctic region. The NSI was forwarded to DMA for acceptance
by the Government of Greenland, Ministry of Mineral Resources
(Mineral Licence and Safety Authority, Inspection and Technical
Department) and an accepted NSI is a prerequisite for the
anticipated Exploitation Licence for Dundas, as well as for
activities during the construction phase of the Project.
Jens Bay, Senior Naval Architect from FORCE Technology, said:
"The purpose of the NSI was to verify that navigation can be
carried out in a safe and secure manner for ships and the
environment . Based on available shipping route data, weather
information, ice movement and occurrence, together with our
thorough investigations, we can confirm that this is the case, and
that the shipping route to and from the proposed port site of the
future Dundas Ilmenite mine is both a safe and viable one in the
summer and early fall season . We further note that the bulk
shipping undertaken from Dundas in 2019 is testament to its
feasibility."
Bo Moller Strensgaard, COO of Bluejay Mining, said: "The
acceptance of the Navigational Safety Investigation by the Danish
Maritime Authority is another step forward in the development of
the Dundas Project. The confirmation that the identified shipping
route and proposed port site for Dundas is a viable one, is a
testament to the detailed planning and development work carried out
to date, and we look forward to updating the market on the
continuing progress of the Project."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information please visit
http://www.bluejaymining.com or contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
Kevin Sheil Bluejay Mining plc +44 (0) 20 7907 9326
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Ewan Leggat (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Soltan Tagiev (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
------------------------------ ---------------------
Tim Blythe Blytheweigh +44 (0) 20 7138 3205
------------------------------ ---------------------
Megan Ray Blytheweigh +44 (0) 20 7138 3205
------------------------------ ---------------------
Notes
Bluejay is dual listed on the London AIM market and Frankfurt
Stock Exchange with projects in Greenland and Finland. Its most
advanced project is the Dundas Ilmenite Project in Greenland, which
is being developed towards production in the near term. The Dundas
Ilmenite Project 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
its current projects and future acquisitions.
Bluejay holds three additional projects in Greenland - the
2,897sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide
nickel-copper-cobalt-platinum group element-gold project
('Ni-Cu-Co-PGE-Au'), which has shown its potential to host
mineralisation similar to the world's largest nickel-copper mining
district at Noril'sk-Talnakh, northern Russia; 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.
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.
**ENDS**
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END
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