Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
Bluejay Mining plc (‘Bluejay’ or the ‘Company’)
Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce the appointment of Mr. Michael Hutchinson (‘Mike’) as non-executive Chairman with immediate effect. He brings a deep understanding of commodities and metal trading in general, at a time of significant growth and development for the Company.
Mr. Hutchinson began his career at Metallgesellschaft Ltd where he worked for 25 years, ultimately becoming the Managing Director in 1985. Metallgesellschaft Ltd was a metal trading subsidiary of one of Germany’s largest industrial conglomerates. In addition to this, Mike was Director of the London Metals Exchange (LME) between 1986-2008, which is the world’s largest market for industrial metals trading. Since then he has held a number of notable board and management roles, which includes being Chairman of Metalloyd Ltd, a major supplier of steel and raw materials to traders, distributors and end-users, and Chairman of Greenland Minerals & Energy Ltd, which successfully overturned the long-standing Danish and Greenlandic ban on uranium exploitation. He was also Chairman of Wogen Ltd a speciality metals trading house. Currently, he is Chairman of SL & PF Solar Limited, a Director of Pierces Solar Limited, and Non-Executive Director of Greenland Gas & Oil Limited.
Bluejay CEO Roderick McIllree said, “I am delighted to welcome Mike to the Bluejay board. With a distinguished career spanning almost 50 years in the metals industry, Mike brings a wealth of specialised operational experience, particularly in Greenland, and an esteemed network of contacts, which will be extremely useful as we look to move through the offtake and sales process. Accordingly, this is a pivotal time for the Company, and with our 2017 work programme continuing to progress at a rapid pace, I look forward to working with Mike as we look to establish Bluejay as a revenue generative mining company.”
Mr Michael John Hutchison, aged 70, currently holds or has held the following directorships and partnerships in the last five years:
|Current Directorships||Past Directorships|
|Bluejay Mining plc|
Greenland Gas & Oil Limited
PF Solar Limited
Pierces Solar Limited
SL Solar Limited
|Armajaro Holdings Limited|
Armajaro Trading Ltd
Beatty Interiors Limited
Ecom Agrotrade Ltd
Erus Metals Limited
Georgian Mining Corporation (formerly Noricum Gold Limited)
Greenland Minerals and Energy Limited
Mecom Group Limited
RBRG Trading (UK) Limited
Tiberius Metals Group
There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.
For further information on Bluejay Mining plc please visit http://www.titanium.gl or contact one of the following:
|Roderick McIllree||Bluejay Mining plc||+44 (0) 20 7907 9326|
|Ewan Leggat||SP Angel Corporate Finance LLP||+44 (0) 20 3470 0470|
|Soltan Tagiev||SP Angel Corporate Finance LLP||+44 (0) 20 3470 0470|
|Charlotte Page||St Brides Partners Ltd||+44 (0) 20 7236 1177|
|Megan Dennison||St Brides Partners Ltd||+44 (0) 20 7236 1177|
Bluejay is dual listed on the London AIM market and Frankfurt Stock Exchange and primarily focussed on advancing the Pituffik Titanium Project in Greenland into production in 2018. Pituffik has been proven to be the highest-grade mineral sand ilmenite project globally, with an initial Inferred JORC resource of 23.6Mt at 8.8% ilmenite (in situ), including a high-grade zone equal to 7.9Mt at 14.2% ilmenite. Crucially significant further upside remains, as the resource forms part of a larger exploration target for the tested area of between 90Mt to 130Mt at an in-situ grade of between 6.3% and 8.4% ilmenite. Furthermore, the resource area covers just ~17% of the raised beach area – one of three main target areas situated along an >40km coastline:
- Raised beaches; containing ilmenite accumulations over widths of more than 1km, of unknown depths, along more than 30km of coastline;
- Active beaches; which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone; and
- Drowned beaches; refers to the areas seaward of active beaches.
The Company’s strategy is focused on the production of a bulk sample “proof of concept” from the Pituffik Project in 2017 with the aim of securing an offtake partner and commencing commercial production in 2018 in order to create a company capable of self-funding exploration on current projects and future acquisitions.
Bluejay holds two additional projects in Greenland – the 194sq km Disko-Nuussuaq (‘Disko’) Magmatic Massive Sulphide (‘MMS’) nickel-copper-platinum project (‘Ni-Cu-PGM’), which has shown its potential to host mineralisation similar to the world’s largest nickel/copper sulphide mine Norilsk-Talnakh, and the 107sq km Kangerluarsuk Sed-Ex lead-zinc-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. Bluejay intends to conduct a high-powered, ground based, electromagnetic survey at Disko in Q4 2017 for the purposes of identifying optimum drill site locations for the possibility of drilling during 2018.
The Company also has a 100% interest in a portfolio of copper, zinc and nickel projects in Finland. This multi-commodity portfolio has been restructured to be cost-sustainable whilst determining the best plan for future development.
The information in this press release that relates to Mineral Resources is based on information compiled under the direction of Dr Mike Armitage C Geol., C Eng., who is a Member of the Institute of Materials, Minerals and Mining which is a Recognised Overseas Professional Organisation (‘ROPO’) included in a list promulgated by JORC from time to time.
Dr Armitage is a full-time employee of SRK Consulting (UK) Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code) and for the purposes of the AIM Rules. Dr Armitage has reviewed this press release and consents to the inclusion in the press release of the matters based on his information in the form and context in which this appears.