REG - Bluejay Mining PLC - Board changes

Bluejay MiningAnnouncement

20/12/2023 07:15

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RNS Number : 3806X  Bluejay Mining PLC  20 December 2023

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

 

20 December 2023

 

Bluejay Mining plc

('Bluejay' or the 'Company')

 

Board changes

 

Bluejay Mining plc, the AIM, FSE-listed and OTCQB traded exploration and
development company hereby announces that Mr Roderick McIllree, Mr Harry
Ansell and Mr Troy Whittaker have been appointed as Non-Executive Directors
('NED') with Troy also appointed to the role as Chief Operating Officer with
Mr Eric Sondergaard appointed as the Managing Director of the Company with
immediate effect. Concurrently, Mr Robert Edwards, Mr Bo Stensgaard and Mr
Peter Waugh have stepped down from the Board of Directors also with immediate
effect. Mr Stensgaard will remain as an employee of the Company. Mike
Hutchinson has been appointed Non-Executive Chairman.

 

Roderick McIllree is a London based trained Economic Geologist and Fellow of
the Australian Institute of Mining and Metallurgy. He served as both CEO and
Executive Chairman of Bluejay from 2015 to mid 2022.  Mr McIllree has worked
in Greenland for approximately 20 years and has extensive contacts throughout
the resources and financial sectors.

 

Troy Whittaker is an executive with more than 20 years of experience,
spanning successful international project evaluation, development and the
operation of multi-billion-dollar assets, globally, across a broad range of
commodities, including iron ore. Mr Whittaker has held senior roles with major
global mining companies, Fortescue Metals Group Ltd and Anglo-American UK.

 

Eric Sondergaard is a registered Professional Geoscientist (P.Geo) and a
graduate of the University of Calgary in Canada with over 15 years of
operational experience in challenging and remote locations. Mr Sondergaard
has previously served as Executive Director and COO at Bluejay, where he
identified, negotiated and managed Bluejay's joint venture with KoBold Metals
in relation to the Disko-Nuussuaq project.

 

Harry Ansell began his career in the City in 1986. Since that time, he has
worked for Albert E Sharp, Cazenove, Merrill Lynch and WH Ireland. Throughout
this time, he has developed a strong track record for repositioning
shareholder bases for quoted companies and successfully leading equity capital
raises.

 

Michael Hutchinson, Non-Executive Chairman of Bluejay Mining, commented:

 

"The Board would like to thank Robert, Bo and Peter for their hard work,
professionalism and dedication to the Company during extremely difficult
market conditions. They leave on good terms and we wish them the best in their
future endeavours.

 

"In due course, the new Board will update shareholders regarding the
implementation of a new strategy that will focus solely around developing the
Disko magmatic massive sulphide project in Greenland."

 

 

AIM Disclosures

 

The following details in relation to the appointment of Mr Roderick Claude
McIllree, aged 50, are disclosed in accordance with Schedule 2(g) of the AIM
Rules:

 

 Current directorships        Previous directorships in the last 5 years
 More Acquisitions plc        Apollon Formularies Ltd
 RM Corporate Limited         Alien Metals Limited
 White Flame Energy Ltd       Finland Investments Limited
 Greenland Gas & Oil A/S      Bluejay Mining plc
 Whitecliff Minerals Ltd      Disko Exploration Limited
 Apollon Formularies plc      Dundas Titanium A/S
                              Kingsrose Mining Ltd
                              Greenland Exploration Limited
                              Nikkeli Greenland A/S
                              Millers Hill Pastoral Pty Ltd

 

Mr McIllree holds 68,999,268 ordinary shares in the capital of Bluejay.

 

The following details in relation to the appointment of Mr Eric Martin
Sondergaard, aged 37, are disclosed in accordance with Schedule 2(g) of the
AIM Rules:

 

 Current directorships      Previous directorships in the last 5 years
 Coyote Limited             Bluejay Mining plc
 Chesterfield Canada Inc    Disko Exploration Limited
 Greenland Gas and Oil A/S  Pinwheel Resources Ltd
 Pinwheel Resources Ltd
 Whitecliff Minerals Ltd

 

Mr Sondergaard holds the following options in the Company:

·      4,000,000 options with an exercise price of 15
pence expiring 15 February 2025;

·      4,000,000 options with an exercise price of 20
pence expiring 15 February 2025;

·      4,000,000 options with an exercise price of 25
pence expiring 15 February 2025; and

·      900,000 options with an exercise price of 10 pence expiring 30
July 2025.

 

The following details in relation to the appointment of Mr Troy Edward
Whittaker, aged 40, are disclosed in accordance with Schedule 2(g) of the AIM
Rules:

 

 Current directorships                  Previous directorships in the last 5 years
 Iron Ore Company of Australia Pty Ltd  HighFlight Pty Ltd
 Mallina Exploration Pty Ltd
 TW & SK Superfund Pty Ltd

 

Mr Whittaker has no interest in the ordinary share capital of the Company.

 

The following details in relation to the appointment of Mr Harry Edward
Ansell, aged 55, are disclosed in accordance with Schedule 2(g) of the AIM
Rules:

 

 Current directorships              Previous directorships in the last 5 years
 Clarendon Park Shoot Club Limited  Sky Wellesley Foundation

 

Mr Ansell has no interest in the ordinary share capital of the Company.

 

Mr Ansell was a director of Tough Tracker Ltd, which entered administration in
June 2013, prior to dissolution in February 2016. Mr Ansell was also a
director of HJHR Ltd, which entered administration in June 2013 and was
dissolved in March 2014.

 

Save as disclosed above, there are no additional disclosures to be made in
accordance with Rule 17 or Schedule 2(g) of the AIM Rules.

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018.

 

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

 

 Roderick McIllree        Bluejay Mining plc                                             enquiry@bluejaymining.com (mailto:enquiry@bluejaymining.com)
 Ewan Leggat / Adam Cowl  SP Angel Corporate Finance LLP (Nominated Adviser and Broker)  +44 (0) 20 3470 0470
 Tim Blythe / Megan Ray   BlytheRay (Media Contact)                                      +44 (0) 20 7138 3205

 

 

About Bluejay Mining plc

 

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 offers both portfolio and commodity
diversification focused on base and precious metals in Tier 1 jurisdictions.

 

Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has
signed a definitive Joint Venture Agreement with KoBold Metals to guide
exploration for new deposits rich in the critical materials required for the
green energy transition and electric vehicles (the Disko-Nuussuaq
nickel-copper-cobalt-PGE Project).

 

Disko Exploration Ltd holds two additional projects in Greenland - the 692 sq
km Kangerluarsuk zinc-lead- silver project, where historical work has
recovered grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the
920 sq km Thunderstone project which has the potential to host large-scale
base metal and gold deposits. Bluejay also owns 100% of the fully permitted
Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in northwest
Greenland for which it will seek strategic alternatives.

 

In Finland, Bluejay currently holds three large scale multi-metal projects
through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company
has identified multiple drill ready targets at the Enonkoski
nickel-copper-cobalt project in East Finland. Bluejay's Hammaslahti
copper-zinc-gold-silver project hosts high-grade VMS mineralisation and
extensions of historical ore lodes have been proven. The drill ready Outokumpu
copper-nickel-cobalt-zinc-gold-silver project is located in a prolific
geological belt that hosts several high-grade former mines. Bluejay also owns
29% of Metals One PLC (AIM: MET1) after the divestment of its Black Shales
Project.

 

**ENDS**

 

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