80 Mile Plc · LSE:80M
80 Mile — Bluejay Mining — Investor Presentation (February 2020)
36 slides from 80 Mile's investor presentation, February 2020
Slide 1: Discovering and developing Greenland's mineral wealth
Discovering and developing Greenland’s mineral wealth Corporate Presentation OPTY^ Q1 2020
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 Overview Dundas Project • London listed resource development company • Multiple large-scale natural resource projects under development • Focused on Greenland, recognised as one of the last undeveloped resource regions in the world Disko Project • Commodity exposure includes ilme
Slide 4: Portfolio Snapshot
Corporate Corporate Portfolio Snapshot Dundas Project 1 Dundas Ilmenite Project | Greenland • The world’s highest-grade mineral sands ilmenite project • Current JORC resource of 117Mt @ 6.1% ilmenite in situ • Disko Project Exploration target of between 300Mt and 530Mt 2 Disko | Greenland • Signific
Slide 5: Key Data
Corporate Corporate Key Data Substantial Shareholders Share Price Graph Dundas Project 16 Substantial Shareholders % Shareholding 14 12 Sandgrove Capital Management LLP 16.90 10 GBP (p) 8 M&G plc 13.62 6 Disko Project 4 Roderick McIllree 10.18 2 0 January February March April 2019 May 2019 June 2019
Slide 6: Board & Management Team
Corporate Corporate Board & Management Team Dundas Project Mike Hutchinson Rod McIllree “A highly experienced team Non-Executive Chairman Managing Director to manage project and A deep understanding of commodities and metal Geologist with more than 25 years´ experience in both corporate development.
Slide 7: Greenland – an Attractive Location
Corporate Greenland – an Attractive Location Bluejay benefits from first mover advantage and extensive in country Dundas Project Project operational experience Dundas • A European mineral region with an established and transparent regulatory environment Disko Project • Geological studies highlight t
Slide 8: Commodity Exposure - Tapping into Global Trends
Corporate Commodity Exposure - Tapping into Global Trends Dundas Project Project Dundas Ilmenite [Ti] [greenfield] Dundas Global GDP Metals Kangerluarsuak Zn-Pb-Ag [greenfield] Society Key Metals Disko Project Sustainable Growth Hammaslahti Zn-Cu-Au-Ag [brownfield] Wider Portfolio Disko Ni-Cu-Co-PGE
Slide 9: 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 10: A Recognised Mineral Region
Corporate A Recognised Mineral Region The Geological Survey of Denmark and Greenland (GEUS) conducted a regional Dundas Project Project analysis of the titanium rich basalts and sediments at Dundas during 2017 Dundas Steensby Land is a region within Greenland and is south of Nunatârssuk, east of Iti
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 – Q1 2020
Slide 13: Dundas Development Timeline
Corporate Dundas Development Timeline Advancing towards commercial production September 2019 Exploitation Dundas Project Project Licence application formally lodged for the Dundas Dundas May 2019 Ilmenite Project December 2018 Submission of SIA by August 2019 Mineral Resource NIRAS Gruppen A/S Expor
Slide 14: 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 15: 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 16: Agreement with Rio Tinto Iron & Titanium Canada Inc.
Corporate Agreement with Rio Tinto Iron & Titanium Canada Inc. Dundas Project Project RTIT is a member of the Rio Tinto Group, a major producer of high grade Dundas titanium dioxide feedstock from its current operations in Canada, South Africa and Madagascar Disko Project Agreement reached with RTIT
Slide 17: EIA & SIA
Corporate EIA & SIA • Both studies confirmed compliant for public consultation process in February 2020 Dundas Project Project • Will now be presented to the Government of Greenland for approval to start the public consultation period as part of the approval process for an exploitation licence Dunda
Slide 18: Licence Application
Corporate Licence Application Bringing Dundas to Production Dundas Project Project • Exploitation application and lodgement submitted in September Dundas 2019 to the Mineral Licence and Safety Authority, Greenland • All supporting documents submitted to the Greenland Government and Disko Project the
Slide 19: Upcoming Project Milestones
Corporate Upcoming 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 5000t of heavy mineral concentrate delivered to Rio Tinto Iron & Titanium Wider P
Slide 20: Dundas in Pictures
20 Dundas in Pictures Bluejay Mining plc - Corporate Presentation – Q1 2020 Appendix Investment Case Wider Portfolio Disko Project Dundas Dundas Project Project Corporate
Slide 21: 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 22: Disko - a Significant Opportunity
Corporate Disko - a Significant Opportunity Dundas Project • 2,776km2 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 23: 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 24: Disko – 2019 Summer Field Work Programme
Corporate Disko – 2019 Summer Field Work Programme Dundas Project • 28 large-scale drill ready targets identified on expanded licence holdings at Disko • 2019 work programme designed to refine both new and previously defined drill targets by; • Reprocessing and validating historical data; and • Acqu
Slide 25: 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 26: 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 27: Kangerluarsuk
Corporate Kangerluarsuk ~ 20 years of • 692km2 Exploration Licence situated 20km exploration - historical ~ Abundant Pb-Zn north of the Black Angel Pb- Zn mine in a and modern data showings available within Dundas Project geologically favourable, starved sub-basin Bluejay’s licence area • Large scal
Slide 28: Kangerluarsuk Exploration
Corporate Kangerluarsuk Exploration Licence received Development programme aimed at unlocking value January 2020 Dundas Project → Further refinement of targets; prioritisation → Maiden drill programme planning and preparation completed ahead of summer 2020 → 6 drill ready targets Disko Project → His
Slide 29: Finland
Corporate FINLAND Dundas Project • Three high-grade, multi-element base metal deposits in southern Finland: Disko Project • Hammaslahti Copper Project • Kelkka Nickel-Copper Project Wider Portfolio Portfolio • Outokumpu Copper Project Wider • Finnish assets are cost sustainable in the long term – Bl
Slide 30: 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 31: 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
Slide 32: Pre-Feasibility Study Cost Breakdown
Corporate Appendix 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 Mining Infrastructure Disko P
Slide 33: Simple Processing
Corporate Appendix Simple Processing Dundas Project Quality of the resource ensures 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 entire resource is
Slide 34: 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 35: 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 36: Strategic Operational Partners
Corporate Strategic Operational Partners Dundas Project Disko Project Wider Portfolio Investment Case Appendix Appendix 36 Bluejay Mining plc - Corporate Presentation – Q1 2020
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