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 delayed the release of a prefeasibility study (PFS) for the Dundas project to the first quarter of 2019, but chairperson Mike Hutchinson believes it will be worth the wait.

The final Dundas PFS will be released only after engineering optimisations identified in the process design and capital requirements for the development have been incorporated. These optimisations will expand “what is already an economic development into a significantly more robust long-term operation”, Hutchinson has said.

“A preliminary economic assessment of the raised beaches at Moriusaq indicate that a robust project can be realised and, with recent optimisations now being built into the Dundas project, I am confident that, during the first quarter of 2019, we will deliver an attractive development proposal in the PFS,” Hutchinson has noted.

Individual models of the PFS will be released as and when they are completed, starting in November.

Besides the Moriusaq raised beaches, the Iterlak resource is also a significant resource, the inclusion of which Bluejay believes will demonstrate that a multidecade operation is achievable.

While exploration advances at Dundas, Bluejay continues to focus on bringing the project to production.

Hutchinson has reported that several key geotechnical and surveying requirements, including hydrogeology installations around the licence area, establishment of a year-round weather monitoring station and geotechnical assessments for infrastructure locations have been completed. Infrastructure at the site has also been greatly enhanced.

Further, third- and final -ear environmental baseline studies have been completed, which will facilitate the completion of the environmental and social-impact assessment (ESIA) to then feed into final licensing applications that are at an advanced stage. The ESIA is set for completion in the fourth quarter.

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.