Rio Tinto and Bluejay are currently in talks about a commercial agreement relating to Dundas, although there is no guarantee at this stage that a deal will be done.
Dundas has a current JORC resource of 101mln tonnes at 7.1% of ilmenite, and has been confirmed as the highest-grade mineral sand ilmenite project globally.
Rio Tinto will analyse ilmenite from the Dundas project. This will include analysis of a smelter test sample at Rio’s Sorel-Tracy plant in Quebec, Canada.
"We are delighted to be working with Rio Tinto,” said Blujay chief executive Roderick McIllree.
“This summer one of the key-outcomes will be the delivery of a large bulk-sample to the Sorel-Tracy plant. We believe that the ilmenite from Dundas will prove to be a very valuable material for the Sorel-Tracy plant operation and believe that the experience and expertise from Rio Tinto will provide an opportunity for technological and economic optimization.”