Is this Bluejay about to fly to another level?
“…what Bluejay are about to present to the market I can absolutely guarantee is the best economic outcome for the project…”
Several years of hard, hard work have paid off for Bluejay Mining who has been granted a mining licence by the Government of Greenland to become the first Titanium extractor in Europe.
The timing of this exploitation licence for the Dundas Ilmenite Project is nothing short of perfect due to tightening of supply and increasing price forecasts for the industrial mineral Bluejay is mining for and provides a perfect platform to now bring online one of the worlds great deposits of Titanium.
Chief Executive Rod McIllree is beyond delighted: “The extendable 30-year licence allows us to now implement the initial 440,000 tonnes ilmenite concentrate per annum operation and we anticipate reaching a commercial agreement very soon with a large multinational commodities group for Dundas product, allowing us to move further forward towards production.”
“Additionally, the Company is currently completing an optimisation study, which should materially enhance the economics of the Project. The PFS for Dundas was established on a small portion of the identified mineralisation and should eventually allow for many decades of mine life to be added.”
McIllree may be delighted, but he’s not resting on his laurels as Bluejay is required to start mining at Dundas no later than 31 December 2025, so five years and counting.
Listen to Rod tell Sarah Lowther about what will be occupying him over that time frame including funding and offtakes.
Below, Rod speaks to Tim Blythe about becoming the only Titanium mine in Europe and what it means for the future of Bluejay.
Click here to Read the RNS about the granting of the exploitation licence at Dundas
Click here to read Hannam&Partners Equity Research published Dec. 14 2020
The author was remunerated but does not hold shares in the company
