80 Mile Plc · LSE:80M
80 Mile — Bluejay Mining — Investor Presentation (January 2021)
39 slides from 80 Mile's investor presentation, January 2021
Slide 1: Discovering and developing Greenland's mineral wealth
Discovering and developing Greenland’s mineral wealth Corporate Presentation OPTY^ January 2021
Slide 2: Corporate Disclaimer
Corporate Disclaimer This presentation (‘Presentation’), and the information contained herein, is not for viewing, release, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) Dundas Project distribution or publication into or in the United St
Slide 3: Corporate Overview
Corporate Corporate London, OTCQB & FSE listed, and OCTQB traded, resource Overview development company Multiple large-scale natural resource projects under development Dundas Project • Exploitation licence granted at Dundas – progressing to production Focused on Greenland • Recognised as one of the
Slide 4: Portfolio Snapshot
Corporate Corporate Portfolio Snapshot Dundas Project 1 • Dundas Ilmenite Project | Greenland The world’s highest-grade and permitted mineral sands ilmenite project • Current JORC resource of 117Mt @ 6.1% ilmenite in situ • Exploration target of between 300Mt and 530Mt Disko Project 2 • Disko | Gree
Slide 5: Commodity Exposure - Tapping into Global Trends
Corporate Commodity Exposure - Tapping into Global Trends Dundas Project Project Dundas Ilmenite [Ti] [greenfield] Dundas Kangerluarsuak Zn-Pb-Ag Global GDP Metals [greenfield] Society Key Metals Disko Project Sustainable Growth Hammaslahti Cu-Zn-Au-Ag [brownfield] Dundas Ilmenite [Ti] [greenfield]
Slide 6: Greenland – an Attractive Location
Corporate Corporate Greenland – an Attractive Location Bluejay benefits from first mover advantage and extensive in country Dundas Project operational experience • A European mineral region with an established and transparent regulatory environment Disko Project • Geological studies highlight the po
Slide 7: The Dundas Ilmenite Project
Corporate Dundas Project Dundas Project Disko Project Wider Portfolio Investment Case GREENLAND The Dundas Ilmenite Project OPTY^ Appendix An exceptional low-cost, high-grade ilmenite project
Slide 8: Exploitation Licence Awarded
Corporate Exploitation Licence Awarded Delivering Production at Dundas Dundas Project Dundas Project Disko Project Exploitation Licence awarded by Gateway to taking the next the Greenland Government in important step toward annualised December 2020 production of 440,000tpa • The Licence will allow D
Slide 9: Commitment to delivering a sustainable operation
Corporate Commitment to delivering a sustainable operation As part of the exploitation licence process, Bluejay undertook extensive Dundas Project Project environmental and social studies Dundas Environmental Impact Assessment Social Impact Assessment • EIA presented three years of extensive • SIA c
Slide 10: Master Distribution Agreement
Corporate Master Distribution Agreement Delivering Dundas ilmenite to key global markets Dundas Project Dundas Project Master Distribution Agreement signed with large, long established Asian Conglomerate for up to 340,000 tpa – approximately 75% of the expected annual production at Dundas Disko Proj
Slide 11: A World Class JORC Resource
Corporate A World Class JORC Resource Independently proven to be the highest-grade mineral sand ilmenite project globally Dundas Project Project Tonnes >2mm <63μm In-Situ TiO2 Dundas Classification Location >5mm (%) THM (%) (kt) (%) (%) (%) Moriusaq 88,000 27.5 36.1 4.2 27.0 3.1 Iterlak East 19,500
Slide 12: Dundas - the Licence
Corporate Dundas - the Licence Over 30km of strike underpins the resource potential Dundas Project Dundas Project Disko Project Wider Portfolio Investment Case Appendix 12 Bluejay Mining plc - Corporate Presentation – January 2021
Slide 13: Pre-Feasibility Summary
Corporate Pre-Feasibility Summary • Based on a JORC Compliant Mineral Reserve of 67.1Mt - current Mineral Resource of 117Mt Dundas Project Project @ 6.1% ilmenite in-situ at a 0% cut-off grade Dundas IRR NPV5 LOM Undiscounted net profit Base Case 32.8% US$83.1MM 9 year US$153.1MM Disko Project Expan
Slide 14: Basic Mining Process and Flow Sheet
Corporate Basic Mining Process and Flow Sheet “Simple mining and processing translates into low CapEx and a highly Dundas Project Project competitive cost environment.” Dundas • Simple, easy & efficient Disko Project • Translates into low CapEx and a highly competitive cost environment Wider Portfol
Slide 15: Significant Project Milestones
Corporate Significant Project Milestones Dundas Project Project Ship arrived and unloaded in Quebec, Canada Dundas Product at Bluejay Pilot Processing Plant – awaiting separation of heavy mineral concentrate Disko Project Award of the Exploitation Licence for Dundas Wider Portfolio Master Distributi
Slide 16: The Disko-Nuussuaq's Nickel, Copper, Cobalt & Platinum Project
Corporate Dundas Project Disko Project Disko Project Wider Portfolio Investment Case WEST GREENLAND The Disko-Nuussuaq’s Nickel, OPTY^ Copper, Cobalt & Platinum Project Appendix Early-mover on large-scale mineralisation analogous to Norilsk-Talnakh with multiple large historical/new datasets acquire
Slide 17: Disko - A Significant Opportunity
Corporate Disko - A Significant Opportunity Dundas Project • 2,897km2 licence area • Over 30 years of exploration has identified multiple primary drill targets • Cominco in the 1980s Disko Project Project • Falconbridge in the 1990s Disko Drill ready Ni, Cu & PGE MMS • Vismand Exploration 2003-2011
Slide 18: Disko – A Potential World Class Nickel Project
Corporate Disko – A Potential World Class Nickel Project Analogy to Norilsk-Talnakh, Siberia – the world’s largest nickel district Dundas Project • Strong and validated similarities to Norilsk in Siberia • Norilsk is the worlds biggest nickel district - minimum overall resource of 1.26Bt @ 1.8% Ni,
Slide 19: Disko – Field Work Programmes
Corporate Disko – Field Work Programmes • 28 large-scale drill ready targets identified on expanded licence holdings at Disko Dundas Project • Extensive exploration and drilling programme planned (deferred due to covid-19) • 2019 work programme designed to refine both new and previously defined dril
Slide 20: Disko - Development
Corporate Disko - Development Ground based exploration work undertaken to identify optimum drill site Dundas Project Area 1 - The Kugg Project, Southern Peninsular Area 2 - The Illug Project, Northern Peninsular • Surface sampling confirmed working sulphide system with initial • Data compilation and
Slide 21: Thunderstone
Corporate Dundas Project Disko Project Wider Portfolio Wider Portfolio Investment Case SOUTH GREENLAND Thunderstone OPTY^ Exploration project with the potential to host gold, nickel, copper, PG, lead, zinc and uranium Appendix
Slide 22: Thunderstone – Demonstrating Significant Extensions
Corporate Thunderstone – Demonstrating Significant Extensions Dundas Project Large regional scale project of over 2,500km2 Potential to host gold, nickel, copper, PG, lead, zinc and Disko Project uranium Maiden fieldwork programme completed targeting precious and base metals Wider Portfolio Portfoli
Slide 23: The Kangerluarsuk Zinc, Lead and Silver Project
Corporate Dundas Project Disko Project Wider Portfolio Wider Portfolio Investment Case WEST GREENLAND The Kangerluarsuk Zinc, Lead and Silver OPTY^ Project Appendix Sulphide mineralisation; the next profitable Black Angel in Greenland – with multiple large historical/new datasets acquired and 5+ dri
Slide 24: Kangerluarsuk
Corporate Kangerluarsuk • 692km2 Exploration Licence situated 20km ~ 20 years of north of the Black Angel Pb- Zn mine in a exploration - historical ~ Abundant Pb-Zn Dundas Project geologically favourable, starved sub-basin and modern data showings available within • Large scale drill ready targets l
Slide 25: Kangerluarsuk
Corporate Kangerluarsuk Development programme aimed at unlocking value Dundas Project Exploration Licence received • Further refinement of targets; prioritisation January 2020 • Maiden drill programme planning and preparation completed • 6 drill ready targets • Historic sampling by Rio Tinto Zinc un
Slide 26: Finland: Hammaslahti, Enonkoski & Outokumpu
FINLAND OPTY^ Hammaslahti, Enonkoski & Outokumpu Appendix Investment Case Wider Portfolio Wider Portfolio Disko Project Dundas Project Corporate
Slide 27: Finland
Corporate FINLAND Dundas Project • Three high-grade, multi-element base JV with Rio Tinto metal deposits in eastern Finland: • Rio Tinto earn-in agreement at Enonkoski nickel project for up to • Hammaslahti Copper Project 75% for US$20 million Disko Project • Stage One – 51% ownership • Enonkoski Ni
Slide 28: Investment Case
Corporate Investment Case Dundas Project Strong portfolio of multi-commodity, Progressing the flagship Dundas large-scale projects in transparent, Ilmenite Project to production low-risk jurisdictions Disko Project Wider Portfolio One of the most significant, highest Advancing the highly prospective
Slide 29: Contact details
Rod McIllree Managing Director Tel: +44 (0) 20 7907 9326 rod@bluejaymining.com Kevin Sheil Corporate Development & Strategy Tel: +44 (0) 20 7907 9326 kevin@bluejaymining.com Blytheweigh (Tim Blythe/Megan Ray) Financial PR Tel: +44 (0) 20 7138 3204 tim.blythe@blytheweigh.com/megan.ray@blytheweigh.com
Slide 30: Key Data
Appendix Corporate Key Data Major Shareholders Share Price Graph Dundas Project Major Shareholders % Shareholding Sandgrove Capital Management LLP 16.90 M&G plc 13.62 Disko Project Roderick McIllree 7.69 Investor Information *as at 08.01.2021 Corporate Structure Wider Portfolio AIM, Frankfurt Market
Slide 31: Board & Management Team
Corporate Appendix Board & Management Team Dundas Project Rod McIllree “A highly experienced team to manage project and corporate Executive Chairman development.” Geologist with more than 25 years´ experience in both the resources and financial sectors. Has 15 years Disko Project proven operating ex
Slide 32: Dundas - A Recognised Mineral Region
Appendix Corporate Dundas - A Recognised Mineral Region Dundas Project The Geological Survey of Denmark and Greenland (GEUS) conducted a regional analysis of the titanium rich basalts and sediments at Dundas during 2017 Steensby Land is a region within Greenland and is south of Nunatârssuk, east of
Slide 33: Dundas Pre-Feasibility Study Cost Breakdown
Appendix Corporate Dundas Pre-Feasibility Study Cost Breakdown Dundas Project Total direct costs of $143,030,426: Total indirect costs for the project are: • $24,360,000 for mining $87,333,001 • $57,695,044 for processing • $60,975,382 for infrastructure Processi Indirect Cost Disko Project Mining I
Slide 34: Dundas - Simple Processing
Corporate Appendix Dundas - Simple Processing Dundas Project Quality of the resource ensures that a simple, low cost processing method is required with minimal environmental impact Disko Project • Un-weathered state of the ilmenite and low impurity levels • Chemically homogenous resource - the entir
Slide 35: Dundas Development Timeline
Appendix October 2020 Corporate Navigational Safety Dundas Development Timeline Investigation accepted Advancing towards commercial production December 2020 Master Dundas Project May 2019 August 2019 Distribution Submission of SIA by Export Permit agreement for NIRAS Gruppen A/S granted and 340,000
Slide 36: Dundas in Pictures
Appendix Corporate Dundas in Pictures Dundas Project Disko Project Wider Portfolio Investment Case Appendix Appendix 36 Bluejay Mining plc - Corporate Presentation – January 2021
Slide 37: Mining Fleet & Equipment
Corporate Appendix Mining Fleet & Equipment Dundas Project The fleet and equipment comprises: • One 30 tonne Hitachi excavator • Two 30 tonne wheel loaders Disko Project • Two 30 tonne articulated dump trucks • TRT516 high output mobile trommel screener • One Caterpillar Dozer Wider Portfolio • Mobi
Slide 38: Titanium
Corporate Appendix Titanium Dundas Project Disko Project Wider Portfolio Investment Case Ti Ti Ti Ti 90% of titanium ore is used Other use; titanium alloys The growth of the pigment Market consumes 10 to produce a white pigment in aerospace and marine, market follow global GDP million tons of ilmeni
Slide 39: Strategic Operational Partners
Corporate Appendix Strategic Operational Partners Dundas Project Disko Project Wider Portfolio Investment Case Appendix Appendix 39 Bluejay Mining plc - Corporate Presentation – January 2021
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