European Raw Materials Support for Dundas Ilmenite Project – Critical Raw Materials:
The Board believes that Dundas is a world class project, with work to date demonstrating that it has the potential to be advanced into production in the lowest quartile of production costs test.
The Company is supported by the Government and local community as highlighted on the EIA and SIA, and in 2017 the Company was awarded “Prospector and Developer of the Year ” by the Government of Greenland.
JORC Compliant Mineral Resource of 117 million tonnes at 6.1% ilmenite in-situ, with an additional JORC Compliant Maiden Offshore Exploration Target between 300-530 million tonnes.
Strong possibility of a large and long-life operation with obvious expansion potential
Awarded “Prospector and Developer of the Year 2017” by the Government of Greenland
Resource is chemically homogenous with low impurities and can be processed into either chloride or sulphate slag and sulphate pigment products
Low cost producer with minimal environmental impact
Close to the US and Europe providing multiple export opportunities with relatively low shipping costs
The area targeted so far covers just ~17% of the raised beach area within the primary target area, Moriusaq. This raised beach environment is one of three types of domains situated along a >30km coastline within the Dundas licence area:
The Company believes that it could upgrade the in-situ grade by up to 30% via a simple oversize separation step prior to processing, further enhancing run of mine (ROM) grade and project economics. Importantly, Bluejay has an agreement with Rio Tinto Iron & Titanium Canada Inc. to further analyse a 40,000t bulk sample of ilmenite bearing sands from Dundas.
The current PFS anticipates annual production of 440,000 tonnes of ilmenite concentrate from the Project. The key findings include:
Having proven the grade quality, identified an increase in the significant resource size, completed and submitted positive and supportive EIA and SIA, defined an offshore Exploration Target and completed the PFS, the Company believes it is on track to obtain an Exploitation Licence, which will be followed by commercial production.