Name of the Project
Dundas ilmenite project (formerly Pituffik titanium project).
Location
Greenland.
Client
Bluejay Mining.
Project Description
Dundas is an advanced-stage titanium project comprising three main target areas along more than 80 km of coastline historically proven to contain large and high-grade accumulations of primary ilmenite occurring as placer deposits in:
• raised beaches containing ilmenite accumulations across widths of more than 1 km of unknown depths, along more than 20 km of coastline.
• active beaches, which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone. Historically, samples from this area have achieved 70% ilmenite by weight.
• drowned beaches, which refer to the areas seaward of active beaches.
Successful testwork has demonstrated that the project could produce a gravity-separated concentrate that compares favourably to existing ‘hard rock’ sources of ilmenite.
Overall composition of the ilmenite has indicated that it should be readily soluble in sulphuric acid at high process-efficiency, making it suitable for all digestion process options.
All chemical analyses have shown a consistent ilmenite composition across the entire project area. Elements that could adversely impact on final pigment quality, particularly whiteness and yellowness, are comparable to existing commercial products. Further, radioactive components and acid-insoluble minerals are better than industry benchmarks for sulphate ilmenite.
Jobs to be Created
Not stated.
Net Present Value/Internal Rate of Return
Too early to state.
Value
Too early to state.
Duration
Too early to state.
Latest Developments
Bluejay Mining has conditionally raised £17-million through an equity raising to support the advancement of the Dundas ilmenite project.
These funds will support the company’s objectives of starting production, resource expansion, feasibility studies, licensing applications and mine construction, many of which are due for completion in the coming months.
Bluejay will raise the equity through a placing of 77 272 728 new ordinary shares of 0.01p each in the capital of the company, at a placing price of 22p a share.
"Raising these funds is a significant achievement as we now have a clear path to advance Dundas towards production. As the project has already been proven to be the highest-grade ilmenite asset in the world, with a simple processing route and highly strategic location that could see the project be in the lowest quartile production costs, we have great confidence in its commercial potential,” Bluejay CEO Roderick McIllree has said.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Bluejay Mining, tel +44 207 907 9326 or fax +44 207 681 3861.