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Bluejay Mining just weeks away from resource updates on Iterlak East and West, and Offshore Shallow Marine

BlueJay is developing a significant suite of mineral sands projects in Greenland

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On the ground in Greenland

BlueJay Mining PLC (LON:JAY) shares rose on Tuesday as the firm said it expects to deliver updated resource calculations for the Iterlak East, Iterlak West and the Offshore Shallow Marine mineral sands targets in Greenland within the next two months.

The Iterlak East and Iterlak West resource is expected in April, while the Offshore Shallow Marine resource is expected in May.

READ: BlueJay Mining upgrades resource for Dundas project as it presses ahead with PFS

These resources follow on from the recent resource upgrade at the Dundas ilmenite project, the world's highest-grade mineral sands ilmenite project.

The Dundas resource now stands at 101mln tonnes.

In early afternoon trading, BlueJay shares were 5.3% higher at 9.50p.

 -- Adds share price --

 

Quick facts: BlueJay Mining PLC

Price: 8.875 GBX

AIM:JAY
Market: AIM
Market Cap: £75.88 m
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BlueJay Mining announces significant upgrade to resource at Dundas

Rod McIllree, chief executive of Bluejay Mining PLC (LON:JAY) talks Proactive's Andrew Scott through the upgrade to the ilmenite resource at the Dundas shoreline project in Greenland. The mineral sands prospect now holds 96mln tonnes at 6.9% ilmenite, a 400% increase on the first estimate...

on 23/4/18

2 min read