Business
Submission of Pre-Feasibility Study
Submission of Pre-Feasibility Study.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 3000B Bluejay Mining PLC 06 June 2019 \n\nBluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\n6 June 2019\nBluejay Mining plc ('Bluejay' or the 'Company')\nPermitting Update - Submission of PFS \n \nBluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce the submission of the Pre-Feasibility Study ('PFS') for its Dundas Ilmenite Project ('Dundas' or 'the Project') in Greenland, the world's highest-grade mineral sands ilmenite project. \n \nOverview:\n· Submission of the completed PFS for Dundas to Mineral Licence and Safety Authority, Government of Greenland ('MLSA')\n· Lodgement marks completion of the final module necessary to facilitate an exploitation application \n \nThe PFS was presented to the MLSA on Wednesday 5th June 2019. It was managed by SRK Exploration UK (\"SRK\") in cooperation with Wood plc (formerly AMEC Foster Wheeler), IHC Robbins and overseen by Bluejay's in-house technical team.\n \nThe PFS forms the most important cornerstone in the application for an exploitation permit for Dundas. Its completion allows the Greenlandic authorities to understand the proposed development including site layout and mining technique, as well as the economic consequences that come from exploitation of the ilmenite-bearing sand within the licence area. \n \nThe submitted PFS, which includes the mineral reserve and mine plan, focusses on the onshore mining opportunity, the anticipated processing and associated infrastructure. The study has been completed based on a yearly production of 440,000 tonnes of ilmenite concentrate from the Project. The impact benefit agreement is expected to be negotiated in parallel to the application assessment. \n \nThe Company will update the market of the key points of the PFS, taking into account commercial sensitivities, once the entire report has been condensed and prepared into a market releasable format. \n \nBluejay CEO Roderick McIllree said: \"The lodgement of this PFS marks the completion of the final module necessary to make an exploitation application and we expect to make this as soon as regulatory comments have been responded to. We are delighted to have completed and submitted this detail...