Projects CONDUCTING EXPLORATION AT A HIGH GRADE GREENLANDIC ILMENITE PROJECT

Mining in Greenland

Greenland is a highly prospective yet underexplored emerging mining destination, with prolific areas of mineralisation now accessible as a result of climate changes. With a government focused on developing a resource based economy, Greenland is establishing itself as the new mining destination.The country boasts an established infrastructure network, which can support low cost development, and is strategically positioned between the US and Europe. This means multiple export markets can be targeted with relatively low exploration costs.Having worked in Greenland extensively over the past 10 years, the Bluejay mining team has an excellent understanding of the resource opportunity that is on offer, the potential of which grows day by day as a result of environmental changes. This understanding is highlighted by Bluejay being granted the first marine exploration licence for minerals by Greenlandic authorities.Currently >50% of Bluejay’s workforce and consultancy is of Greenlandic or Danish/Greenlandic nationality and as the Company builds its mining portfolio they expect to generate many more employment opportunities for the local community and create additional revenue opportunities for the region.Bluejay’s Greenlandic mining portfolio currently consists of: Pituffik | Disko | KangerluarsukGreenland Greenland

Infrastructure is strong, with the project sitting approximately 30 km from the international airport. Greenland benefits from a pro-mining.

Pituffik Ilmenite - Titanium in Greenland

The Pituffik Project is located on the Steensby Land peninsular in the north west of Greenland and is centered on the closed settlement of Moriusaq in the Qaasuitsup municipality. The Pituffik Project is 83km south of the regional settlement Qaanaaq.

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Disko Magmatic Cu, Ni & PGE project

The magmatic Cu, Ni & PGE project at Disko & Nuussuaq in West Greenland has been the subject of more than three decades of exploration with Cominco in the 1980s, Falconbridge in the 1990s and Vismand Exploration in the 2000s all making the positive decision to invest in these discoveries.

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Kangerluarsuk SedEx Pb-Zn project

Kangerluarsuk is located in a major Palaeo-Proterozoic sedimentary basin with abundant Pb-Zn showings including the historic Black Angel Pb-Zn mine and distinctive SedEx style mineralisation (Pb-Zn) exposed around the basin margin.

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Mining in Finland

FINLAND

Bluejay holds a strategic portfolio of high grade copper, zinc and nickel assets in Finland covering approximately 4,710sq km. This land package comprises three primary project areas – the Hammaslahti, Outokumpu and Enonkoski projects. The projects are located in a prolific geological belt in south east Finland, in a prime exploration region where local operators such as ASX listed Altona Mining Limited have delivered positive results (the Kylylahti mine was acquired by Swedish mining company Boliden AB for US$95 million in 2014).

Finland is one of the largest producers of nickel, copper, chromite, copper and zinc in Europe and has a vibrant mining and exploration industry. With a pro-mining government, low sovereign, and a highly skilled mining workforce available, the country is an attractive investment destination.

Bluejay is currently assessing the best way to manage this portfolio moving forward. Whilst the Company continues to believe in the prospective development potential of these Finnish assets, its primary focus is on advancing its growing operations in Greenland.

New discoveries in Finland have been made by:

Anglo American PLC

In 2011 the UK-based mining giant made a significant nickel discovery at Sakatti in Northern Finland. Reportedly the largest high-grade nickel discovery in Europe with grades in excess of 4% and significant concentrations of copper, gold and platinum.

Agnico Eagle Mines Limited

In 2009 the NYSE/TSX near million-ounce per annum gold producer commissioned the high-grade Kittilä gold mine in Finland with production of 175,000 oz pa. from 4.8 million oz gold in reserves (33 million tonnes grading 4.5 g/t Au).

Altona Mining Limited

In 2012 the ASX-listed company commissioned the Outokumpu Copper-Zinc-Gold Mine (directly adjacent to FinnAust's Outokumpu Project). The project has declared resources of 15.9 million tonnes of copper dominant polymetallic base metal mineralisation (copper, gold, nickel, zinc, cobalt) (including Kylylahti, Saramäki, Vuonos, Hautalampi and Riihilahti deposits) containing 156,200 tonnes of copper and 32,300 tonnes of nickel. On 22 August 2013 Altona announced the identification of the new Wallaby zone at the Kylylahti Mine with highlights being 29.0m at 4.7% copper, 37.6m at 3.2% copper, 36.0m at 3.3% copper, 26.7m at 3.4% copper, 20.4m at 4.1% copper.

First Quantum Minerals Limited

One of the world's foremost copper producers which operates the Pyhäsalmi mine, an underground copper and zinc mine located in central Finland. Also operates the Kevitsa Nickel-Copper-Gold-Platinum mine in northern Finland.

Focussing on the prolific Copper-Nickel belt famous for its high-grade deposits, we have identified four sub-targets for immediate drill testing.

Outokumpu Copper Belt Finland

Outokumpu is located in eastern Finland on the north-south trending Outokumpu-Savonranta Belt (also known as the North Karelian Schist Belt), which is approximately 210 km long.

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Hammaslahti Copper-Zinc Mine in Finland

The Hammaslahti Area lies immediately to the southeast of Outokumpu, approximately 30 km southeast from Joensuu town, eastern Finland.

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Enonkoski Nickel-Copper PGE Project Mining in Finland

The Enonkoski mine is located in south-eastern Finland, to the southwest of Outokumpu, which can also be described as the southern end of the Kotalahti Nickel Belt.

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