Resource Timetable Update

RNS Number : 6002X

Bluejay Mining PLC

30 April 2019

 

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

30 April 2019

Bluejay Mining plc ('Bluejay' or the 'Company')

 Resource & Pre-Feasibility Study ('PFS') Timetable Update

Bluejay Mining Plc, the AIM and FSE listed company with projects in Greenland and Finland, would like to provide an update on the expected resource calculations for Iterlak East and Iterlak West and the PFS timetable for the Dundas Ilmenite Project ('Dundas'):

Iterlak East and Iterlak West mineral resource calculations: the Company has been informed by the international mining consultants SRK Exploration ('SRK') that the Iterlak East and Iterlak West mineral resource calculations are close to completion, the results of which are now expected to be announced in May 2019.

Pre-Feasibility Study for Dundas: the Company was previously advised by SRK that the PFS would be ready for publication by the end of April 2019, as per the announcement dated 20 March 2019.  The PFS is currently at a final draft stage and will be published as soon as practicable.   The updated timing for the PFS can be attributed to the significantly high level of detail that has been undertaken in producing this study.  Looking ahead, this extended and in-depth PFS will result in both significant time and cost efficiencies, as this mitigates some of the test work required by Bluejay when it advances into the definitive feasibility stage.  This will occur once the licence application has been lodged. 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information please visit http://www.titanium.gl or contact:

Roderick McIllree	Bluejay Mining plc	[phone]
Ewan Leggat	SP Angel Corporate Finance LLP	[phone]
Soltan Tagiev	SP Angel Corporate Finance LLP	[phone]
Ingo Hofmaier	Hannam & Partners (Advisory) LLP	[phone]
Andrew Chubb	Hannam & Partners (Advisory) LLP	[phone]
Hugo de Salis	St Brides Partners Ltd	[phone]
Cosima Akerman	St Brides Partners Ltd	[phone]

 

END

 

 

UPDLLFEFSTIIVIA