Bluejay Mining is dual listed on the London AIM Market (JAY) and Frankfurt Stock Exchange (S5WA) and is primarily focussed on advancing the Dundas Ilmenite project (previously known as the Pituffik Titanium Project) an advanced stage ilmenite project in Greenland into production in 2018. Dundas is the highest-grade mineral sand ilmenite project globally, and with just ~17% of the raised beach area having been assessed the true scale of this deposit is only just emerging. With a world-class quality resource already established, and signification expansion potential identified, the Board is confident that Dundas Ilmenite Project is capable of supporting an operation of considerable mine life as well as having extensive exploration potential.
Through production at Dundas, Bluejay hopes to generate cash flow that will enable the Bluejay Mining to become capable of self-funding exploration on its various projects whilst also delivering value to shareholders – both by building asset value and through dividends.
Whilst the advancement of Dundas into production remains the Company’s primary focus, additional upside is available via the development of Bluejay’s wider exploration portfolio. This includes the 194sq km Disko-Nuussuaq (‘Disko‘) Magmatic Massive Sulphide (‘MMS’) nickel-copper-platinum project (‘Ni-Cu-PGM’) and the 107sq km Kangerluarsuk Sed-Ex lead-zinc-silver project (‘Kangerluarsuk‘), both of which are located in Greenland. Through Dundas, Bluejay has proven Greenland’s potential to host huge mineral deposits and work to date suggests the Company’s wider asset portfolio offers similar discovery opportunity.
The Company also holds a number of polymetallic assets in Finland and is currently assessing the best way to manage this portfolio moving forward. Whilst the Company continue to believe in the prospective development potential of these Finnish assets, Bluejay’s primary focus is on its growing operations in Greenland.