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Bluejay Mining submits prefeasibility study for Dundas project

“The conclusions drawn from this study indicate positive economic outcomes and low environmental impact, with strong social benefits."

Bluejay Mining's Dundas project
It is based on a yearly production of 440,000 tonnes of ilmenite concentrate

Bluejay Mining Plc (LON:JAY) told investors that it has now submitted the prefeasibility study for the Dundas ilmenite project in Greenland.

The study has been submitted to the mineral licence and safety authority (MLSA) of the Government of Greenland, marking the completion of the final necessary item to facilitate an exploitation application.

READ: Bluejay Mining still well-cashed up for further work on Dundas

"The lodgement of this PFS marks the completion of the final module necessary to make an exploitation application and we expect to make this as soon as regulatory comments have been responded to,” said Roderick McIllree, Bluejay's chief executive.

“We are delighted to have completed and submitted this detailed document to the regulators. The conclusions drawn from this study indicate positive economic outcomes and low environmental impact, with strong social benefits.

"We will update the market in due course with details of the PFS and its outcomes," he added.

Quick facts: BlueJay Mining PLC

Price: 8.534 GBX

AIM:JAY
Market: AIM
Market Cap: £79.36 m
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Watch

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