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Bluejay Mining submits environmental impact assessment for Dundas ilmenite project

The report, carried out by Orbicon, found no major environmental obstacles or larger impacts arising from the exploitation of Dundas

dundas ilmenite project
Bluejay says Dundas is the highest-grade mineral sands ilmenite project in the world

Bluejay Mining PLC (LON:JAY) has submitted the environmental impact assessment (EIA) for its Dundas ilmenite project in Greenland.

The EIA is a key part of the application for a full mining licence as it allows authorities to understand the potential impact of a project within the licence area as well as the broader region.

READ: Bluejay not raising money in the near future

Bluejay said its report, compiled over three years, found no major environmental obstacles or larger impacts arising from Dundas, which is the world’s highest-grade mineral sands ilmenite project.

Orbicon, the company responsible for carrying out the EIA, said Dundas was unlikely to pollute the local environment as no chemicals are required.

It also found that reducing the speed of vessels going to and from the project would minimise the disturbance to migrating whales in the spring and autumn.

“We are delighted to have completed and submitted the EIA,” said Bluejay chief executive Roderick McIllree.

“The conclusions drawn from this study indicate a low environmental impact, which is an important step forward in permitting the Dundas Ilmenite project.”

Pre-feasibility study almost complete

In a separate announcement, Bluejay confirmed the pre-feasibility study for Dundas is in the final draft stage and will be published “as soon as practicable”.

The company said the delay was due to the “significantly high level of detail” in preparing the report, which it expects will save it time and money further down the line.

Mineral resource calculations for two of the targets at Dundas – Iterlak East and Iterlak West – are close to completion and are expected to be published in May.

Shares were down 1.8% to 10.8p in late-afternoon trading on Tuesday.

Quick facts: BlueJay Mining PLC

Price: 8.65 GBX

AIM:JAY
Market: AIM
Market Cap: £80.44 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