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AIM:JAY

BlueJay Mining PLC

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Market:
AIM
Market Cap:
£55.29 m
Price
5.70 GBX
Change
-2.40%
52 weeks high
11.24
52 weeks low
2.90

In brief

Bluejay Mining plc is a resource exploration company dual listed on the London AIM market (JAY) and Frankfurt Stock Exchange.

It has a number of large-scale, multi-commodity and high-grade resource development projects primarily in Greenland, a low-risk European jurisdiction with proven geological potential, and where the team has extensive operational knowledge and experience.

The Company is currently focused on three projects in Greenland which all benefit from scale and grade, and provide exposure to ilmenite, nickel, copper, lead, zinc and PGMs.

  • The Dundas Ilmenite Project, which extends along >30km of coastline, is the highest grade mineral sand globally, with a Mineral Resource Estimate of 117Mt, which Bluejay is advancing into near term production.
  • The 2,776km2 Disk0-Nuussuaq (‘Disko’) Magmatic Massive Sulphide (‘MMS’) nickel-copper-platinum project (‘Ni-Cu-PGM’) in Greenland, which has similar characteristics to the world’s largest nickel/copper sulphide mine.
  • The 107 km2 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 also has a portfolio of polymetallic assets in Finland totalling >28,000 hectares.

In line with its growth strategy, Bluejay will review opportunities that come to its attention to deliver on its stated objective of acquiring high quality assets to expand and complement its existing portfolio. It is envisaged these will be in Greenland or similar low risk jurisdictions that are supportive of resource project development and where cost of capital is competitive.