Bluejay Mining plc ORD 0.01p (LON:JAY) listed company with projects in Greenland and Finland, has today announced that permitting activities at the Pituffik Titanium Project in Greenland have commenced, having been notified by the Mineral Resource Authority (‘MRA’) of the Government of Greenland that it has entered the pre-consultation phase of the process.
The public pre-consultation period covers a period of 35 days. By facilitating early input, this phase is aimed at creating a collaborative dialogue between any interested individuals and stakeholder groups throughout the later public consultation process and exploitation application process. The Company recently concluded settlement meetings throughout Greenland as part of the Social Impact Assessment process. Importantly, there were no issues raised by the community, only that it should employ local people.
More information about the process can be found on the Government of Greenland’s website: http://naalakkersuisut.gl/en/Hearings/Hearing-Archive/2017/Forhoering-for-kommissorier-for-VSB-og-VVM-for-Titaniumprojektet-ved-Pituffik
Bluejay Mining plc ORD 0.01p CEO Roderick McIllree said, “We have ownership over the purest ilmenite project in the world, and therefore we are delighted to have commenced this phase which represents a milestone towards its commercialisation. We have received significant support from the government and the local Greenland population to date, given the opportunity Pituffik will provide the area, and we look forward to working with them to establish the asset as a significant operation in Greenland.”
Bluejay has a number of highly prospective licences at various stages of development in Greenland and Finland. The Company is dual listed on the London AIM market and Frankfurt Stock Exchange.
The Company is currently focussed on advancing the Pituffik Project in Greenland, an area that has only recently revealed its mineral potential following changes in the climate. Pituffik, which Bluejay conditionally acquired in December 2015 and assumed 100% ownership of in March 2017, has demonstrated the potential to be in the top percentile of projects worldwide in terms of heavy mineral grade.
Pituffik comprises three main target areas along an >80km coastline historically proven to contain large and high-grade accumulations of primary ilmenite occurring as placer deposits in the following environments:
· Raised beaches; containing ilmenite accumulations over widths of more than 1km, of unknown depths, along more than 20km of coastline;
· Active beaches; which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone; and
· Drowned beaches; refers to the areas seaward of active beaches.
The Company’s strategy is focused on the production of a bulk sample “proof of concept” from the Pituffik Project in 2017 with the aim of ultimately generating cash flow to create a company capable of self-funding exploration on future acquisitions.
Bluejay also holds a 100% interest in a portfolio of copper, zinc and nickel projects in Finland. This multi-commodity portfolio remains a strategic asset of importance and has been restructured to be cost-sustainable whilst determining the best plan for future development.
