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FinnAust Mining MD: Pituffik ilmenite project has potential to be “world-class”

FinnAust Mining Plc (LON:FAM) Managing Director, Rod McIlree, is confident that the junior miner’s Pituffik ilmenite project has the potential to be a “world-class ore body”.

Located in the north west of Greenland, McIllree says titanium project Pituffik “certainly appears to be the highest grade ore body of its kind in the world, and I think shortly, over the next six months, investors will come to find that it’s possible one of the largest as well”.

He also expects some more key developments over the coming months, adding that “there are a number of items that in the next six months will, in hindsight, be high value events for the company”.

Quick facts: BlueJay Mining PLC

Price: 10.17 GBX

AIM:JAY
Market: AIM
Market Cap: £87.72 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