RCS - Bluejay Mining PLC - The Disko-Nuussuaq Opportunity – Project Podcast

Bluejay MiningAnnouncement

01/02/2022 08:30

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RNS Number : 2943A  Bluejay Mining PLC  01 February 2022

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

 

1 February 2022

 

 

Bluejay Mining plc ('Bluejay' or the 'Company')

 

The Disko-Nuussuaq Opportunity - Project Podcast

 

Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and
development company with projects in Greenland and Finland, is pleased to
announce the publication of a Podcast recording with Bluejay's Chief Executive
Officer, Mr Bo Møller Stensgaard.

 

The Podcast discusses the exciting and unique opportunity that the
Disko-Nuussuaq Project ("Disko") represents, and addresses enquiries that the
Company has received regarding the project. Mr Stensgaard also highlights the
history of the project, the data collated, including the modern interpretation
techniques, along with the scale, size and correlation to what is believed to
be Disko's closest comparable.

 

The Podcast is available to listen on the following link
https://www.youtube.com/watch?v=gggOBrZQE6Q
(https://www.youtube.com/watch?v=gggOBrZQE6Q)   and can also be found on the
Company's website at
https://bluejaymining.com/projects/greenland/disco-nuussuaq/
(https://bluejaymining.com/projects/greenland/disco-nuussuaq/)

 

The Podcast follows the recent Company news of the incorporation of Nikkeli
Greenland A/S, the joint-venture partnership with KoBold Metals. A summary of
this morning's release can be seen below.

·    Greenland registered Nikkeli Greenland A/S created for the JV with
necessary applications lodged for the Disko licence transfer

·    Planning of 2022 field activities currently in their final stage

 

Bluejay and KoBold are currently finalising the 2022 work and field program
which Bluejay will manage and execute on behalf of the JV. Bluejay anticipates
updating the market of these activities in due course, with commencement
expected in the latter part of Q2 2022.

 

 

 

For further information please visit http://www.bluejaymining.com
(http://www.bluejaymining.com/)  or contact:

 Roderick McIllree/ Kevin Sheil  Bluejay Mining plc                                 enquiry@bluejaymining.com
 Ewan Leggat/ Adam Cowl          SP Angel Corporate Finance LLP(Nominated Adviser)  +44 (0) 20 3470 0470
 Andrew Chubb                    Hannam & Partners (Advisory) LLP                   +44 (0) 20 7907 8500
 Tim Blythe/ Megan Ray           Blytheweigh                                        +44 (0) 20 7138 3205

 

 

Notes

 

Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and
its shares also trade on the OTCQB Market in the US. With multiple projects in
Greenland and Finland, Bluejay has now secured three globally respected
entities as partner, customer, and co-investor on three of its projects,
giving the Company and its shareholders both portfolio and commodity
diversification in high quality jurisdictions.

 

Bluejay has signed a definitive joint venture agreement with KoBold Metals to
guide exploration for new deposits rich in the critical materials for electric
vehicles (The Disko-Nuussauq Project).  Principal investors in KoBold include
Breakthrough Energy Ventures, a climate & technology fund, overseen by
Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray
Dalio. Other investors in KoBold include Andreessen Horowitz, the premier
Silicon Valley venture capital fund and Equinor, the Norwegian state-owned
multinational energy company.

Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland,
which is fully permitted and being developed towards production in the near
term, with preparatory activities scheduled to commence in 2022.  The Dundas
Ilmenite Project has been proven to be the highest-grade mineral sand ilmenite
project globally, with a Mineral Resource reported in accordance with the JORC
Code of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of
between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4
- 4.8% ilmenite in-situ.  The Company has agreed a Master Distribution
Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated
440ktpa annual output. The Company's strategy is focused on securing financing
ahead of commencing commercial production at Dundas and has appointed a Global
Investment Bank as the lead arranger. This strategy will create a company
capable of self-funding exploration on its current and future projects.

 

Bluejay holds two additional projects in Greenland - the 692sq km
Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where historical
work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and
identified four large-scale drill ready targets; and the 2,025 sq km
Thunderstone project which has the potential to host large-scale base metal
and gold deposits.  Bluejay also has a joint-venture agreement with a mining
major at Enonkoski in Finland and has recently signed a binding agreement for
a partial divestment in a fourth Finnish project.

 

**ENDS**

 

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