Business
Bulk Sample Agreement for Ilmenite Project
Bulk Sample Agreement for Ilmenite Project.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 7433R Bluejay Mining PLC 26 September 2017 \n\n26 September 2017\nBluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\n \nBluejay Mining plc ('Bluejay' or the 'Company')\nAgreement with mineral sands processor for World's Highest-Grade Ilmenite Project\n \nBluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that its wholly owned subsidiary Dundas Titanium A/S has entered into the first agreement relating to ilmenite product produced from its Pituffik Titanium Project ('Pituffik') in Greenland.\n \nOverview\n· Maiden agreement secured with experienced mineral sands processor allowing for the Company's bulk sample run of mine ('ROM') material to be refined into a high specification ilmenite product (the 'Product')\n· The Product will then be used to seed the market with what is expected to be a high-quality and homogenous ilmenite concentrate that will advance offtake negotiations\n· More importantly this agreement potentially connects the Company's future mine product to the market \n· It is the intention of both parties to enter into further negotiations that could generate orders sufficient in size to facilitate development\n· Agreement follows processing design work completed at IHC Robbins, Queensland\n· It is expected that two high spec ilmenite products can be produced efficiently that are suitable for sulphate pigment production and for both sulphate slag and chloride slag markets \n \nBluejay CEO Roderick McIllree said, \"This marks a significant milestone for Bluejay. As the highest-grade mineral sand ilmenite project globally, with a homogeneous final product, a projected low-cost production model as well as being strategically located between Europe and North America with easy access to North Atlantic shipping and trade routes, we have always believed that our Pituffik product would be competitively sought. We have now initiated the customer engagement process and I believe this has the potential to lead to some big successes as we execute our development strategy.\"\n \nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside in...