Business
Agreement with Rio Tinto Iron and Titanium Canada
Agreement with Rio Tinto Iron and Titanium Canada.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 2275A Bluejay Mining PLC 28 May 2019 \n\nBluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\nMay 28, 2019\nBluejay Mining plc ('Bluejay' or the 'Company') \nAgreement with Rio Tinto Iron and Titanium Canada Inc.\n \n \nBluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that it has reached an agreement with Rio Tinto Iron and Titanium Canada Inc. ('RTIT') to further analyse Ilmenite from its 100% owned Dundas Ilmenite Project ('Dundas' or 'the Project') in Greenland (the 'Agreement'). RTIT is a member of the Rio Tinto Group, a major producer of high-grade titanium dioxide feedstock from its current operations in Canada, South Africa and Madagascar.\n \nOverview:\n \n \n\n\n\n\n•\n\n\nDundas is a scalable strategic asset and has a current JORC Compliant Mineral Resource of 101 million tonnes at 7.1% ilmenite (in-situ) and has been confirmed as the highest-grade mineral sand ilmenite project globally.\n\n\n\n\n•\n\n\nRTIT will analyse Ilmenite from the Dundas Project. This will include a smelter test sample (subject to Greenland Government approval) from Dundas at RTIT's Sorel-Tracy plant in Quebec, Canada.\n\n\n\n\n•\n\n\nRTIT and Bluejay will work together to review and improve on the technical work that has been completed on Dundas to date.\n\n\n\n\n•\n\n\nRTIT may terminate the agreement at any time and there is no guarantee that the ilmenite assessment will lead to a long-term transaction between Bluejay and RTIT.\n\n\n\n\n \n \nBluejay CEO Roderick McIllree said, \"We are delighted to be working with Rio Tinto and this summer one of the key-outcomes will be the delivery of a large bulk-sample to the Sorel-Tracy plant. We believe that the ilmenite from Dundas will prove to be a very valuable material for the Sorel-Tracy plant operation and believe that the expe...