REG - 80 Mile PLC - Company Name Change Complete

80 MileAnnouncement

04/09/2024 08:15

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RNS Number : 7570C  80 Mile PLC  04 September 2024

 

4 September 2024

 

Bluejay Mining plc / Ticker: JAY / Market: AIM / Sector: Mining

Company Name Change Complete

 

Bluejay Mining plc (the "Company") is pleased to announce that the previously
approved change of the Company's name from Bluejay Mining Plc to 80 Mile Plc
has now been formally completed. This follows the successful passing of all
relevant resolutions at the General Meeting held on 10 July 2024, and the
Company's expansion of corporate strategy to include the exploration and
development of industrial gas and liquid hydrocarbon projects.

The Company's shares will now trade under the new ticker symbol "80M" on the
AIM market. Shareholders should note that the ISIN (GB00BFD3VF20) and SEDOL
(BFD3VF2) numbers for the Company's ordinary shares remain unchanged. Existing
share certificates will remain valid, and no action is required by
shareholders in this regard.

The Company Website will be available on 5 September 2024 at www.80mile.com
(http://www.80mile.com)

Further updates and information will be made available as necessary.

For further information, please contact:

 

 Eric Sondergaard                        80 Mile Plc                                                    enquiry@80mile.com
 Ewan Leggat / Adam Cowl                 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)  +44 (0) 20 3470 0470
 Tim Blythe / Megan Ray / Said Izagaren  BlytheRay (Media Contact)                                      +44 (0) 20 7138 3205

 

About 80 Mile Plc:

80 Mile Plc, listed on the London AIM market, Frankfurt Stock Exchange, and
the U.S. Pink Market, is an exploration and development company focused on
high-grade critical metals in Tier 1 jurisdictions. With a diversified
portfolio in Greenland and Finland, 80 Mile's strategy is centred on advancing
key projects while creating value through partnerships and strategic
acquisitions.

The Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland is a primary
focus for Bluejay, developed in partnership with KoBold Metals. 80 Mile,
through its wholly owned subsidiary Disko Exploration Ltd., has a definitive
Joint Venture Agreement with KoBold Metals to guide and fund exploration
efforts. The JV has completed intensive analysis and interpretation of the
extensive geochemical, geophysical, and geological data collected during the
previous exploration campaigns. Leveraging KoBold's proprietary artificial
intelligence and machine learning platforms, this comprehensive analysis has
resulted in the identification of seven initial priority targets within the
project area. These seven priority targets exhibit spatial characteristics
indicative of potential deposits on a scale comparable to renowned mining
operations such as Norilsk, Voisey's Bay, and Jinchuan. The JV is now planning
a focused ground-loop electromagnetic survey to refine and prioritize each
locality appropriately.

In Finland, 80 Mile currently holds three large scale multi-metal projects
through its wholly owned subsidiary FinnAust Mining Finland Oy. 80 Mile's
Finland portfolio includes the Outokumpu project, where the discovery of
industrial gases like helium and hydrogen adds significant economic potential
to the already prospective copper-nickel-cobalt-zinc-gold-silver targets. 80
Mile is conducting further exploration to fully assess these resources.

80 Mile's recent acquisition of White Flame Energy expands its portfolio into
the energy sector, adding large-scale licenses for industrial gas, natural
gas, and liquid hydrocarbons in East Greenland. Approved by shareholders in
July 2024, this acquisition diversifies the company's assets and aligns with
its strategy to contribute to sustainable energy solutions, while also
exploring conventional energy resources.

The Dundas Ilmenite Project, 80 Mile's most advanced asset in northwest
Greenland, is fully permitted and progressing towards near-term production.
With a JORC-compliant Mineral Resource of 117 Mt at 6.1% ilmenite and an
offshore Exploration Target of up to 530 Mt, Dundas is poised to become a
major supplier of high-quality ilmenite. Recent discoveries of hard rock
titanium mineralization, with bedrock samples showing nearly double the
ilmenite content of previous estimates, further enhance the project's
world-class potential. 80 Mile owns 100% of the Dundas Ilmenite Project under
its subsidiary Dundas Titanium A/S in Greenland.

The Thule Copper Project is a significant component of 80 Mile's portfolio in
northwest Greenland, focused on exploring and developing high-grade copper
deposits within the Thule Basin in northwest Greenland. Leveraging existing
infrastructure and exploration credits, the project is strategically
positioned in an underexplored region with substantial mineral potential. 80
Mile's established basecamp at Moriusaq will support cost-effective
exploration, aligning with the Company's broader strategy to secure
high-quality copper and industrial gas projects.

 

 

 

 

 

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