REG - Bluejay Mining PLC - Notice of Annual General Meeting

Bluejay MiningAnnouncement

29/05/2024 07:00

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RNS Number : 1710Q  Bluejay Mining PLC  29 May 2024

 

29 May 2024

 

Notice of Annual General Meeting

Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and
Pink-Market traded exploration and development company with projects in
Greenland and Finland, is pleased to give notice that its Annual General
Meeting ('AGM') will be held on 26 June 2024 at 10:00am at The Washington
Mayfair Hotel, 5 Curzon Street, London, W1J 5HE. Copies of the Notice of AGM
and the Form of Proxy will be posted to shareholders today and available to
view on the Company's website shortly.

For further information please visit http://www.bluejaymining.com
(http://www.bluejaymining.com)  or contact:

 Eric Sondergaard                        Bluejay Mining plc               enquiry@bluejaymining.com
 Ewan Leggat / Adam Cowl                 SP Angel Corporate Finance LLP   +44 (0) 20 3470 0470

(Nominated Adviser and Broker)
 Tim Blythe / Megan Ray / Said Izagaren  BlytheRay                        +44 (0) 20 7138 3205

(Media Contact)

 

About Bluejay Mining plc

Bluejay is listed on the London AIM market, Frankfurt Stock Exchange and its
shares also trade on the Pink Market in the US. The Company is advancing
multiple highly prospective projects in Greenland and Finland. Bluejay offers
both portfolio commodity diversification focused on base, energy and precious
metals in Tier 1 jurisdictions.

Bluejay's most advanced project, through its 100% owned subsidiary Dundas
Titanium A/S in Northwest Greenland, is the Dundas Ilmenite Project, which is
fully permitted with a JORC Mineral Resource of 117Mt at 6.1% ilmenite and a
maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at
an average expected grade range of 0.4 - 4.8% ilmenite in-situ. Bluejay has
agreed a Master Distribution Agreement with a major Asian conglomerate for
up-to 340ktpa of its anticipated 440ktpa annual output. The Company has signed
on a major European bank to head the financing syndicate for Dundas. Bluejay's
strategy is focused on finalising and securing financing ahead of commencing
commercial production at Dundas in order to create a company capable of
self-funding exploration on its current and future projects.

Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has
signed a definitive Joint Venture Agreement with KoBold Metals to guide and
fund exploration for new deposits rich in the critical materials required for
the green, future and electrification energy transition (the Disko-Nuussuaq
nickel-copper-cobalt-PGE Project). The JV has completed intensive analysis and
interpretation of the extensive geochemical, geophysical, and geological data
collected during the previous exploration campaigns. Leveraging KoBold's
proprietary artificial intelligence (AI) and machine learning (ML) platforms,
this comprehensive analysis has resulted in the identification of seven
initial priority targets within the project area. These seven priority targets
exhibit spatial characteristics indicative of potential deposits on a scale
comparable to renowned mining operations such as Norilsk, Voisey's Bay, or
Jinchuan. The JV is now planning a focused ground-loop electromagnetic survey
to refine and prioritize each locality appropriately.

Disko Exploration Ltd holds two additional projects in Greenland - the 692 sq.
km Kangerluarsuk zinc-lead-silver project, where historical work has recovered
grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the 920 sq. km
Thunderstone project which has the potential to host large-scale base metal
and gold deposits.

In Finland, Bluejay currently holds three large scale multi-metal projects
through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company
has identified multiple drill ready targets at the Enonkoski
nickel-copper-cobalt project in East Finland. Bluejay's Hammaslahti
copper-zinc-gold-silver project hosts high-grade VMS mineralisation and
extensions of historical ore lodes have been proven. The drill ready Outokumpu
copper-nickel-cobalt-zinc-gold-silver project is located in a prolific
geological belt that hosts several high-grade former mines. In August 2023,
Bluejay successfully divested its Black Schist Projects in Finland to Metals
One plc in a transaction worth £4.125 million (Bluejay currently owns c. 29%
of the issued ordinary share capital of AIM listed Metals One plc).

 

 

 

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