Bluejay signs analysis agreement with Rio Tinto and Titanium Canada

30 May 2019 (Last Updated June 10th, 2019 09:05)

Bluejay Mining has signed an agreement with Rio Tinto Iron and Titanium Canada (RTIT) to further analyse Ilmenite from its wholly-owned Dundas Ilmenite project in Greenland.

Bluejay Mining has signed an agreement with Rio Tinto Iron and Titanium Canada (RTIT) to further analyse Ilmenite from its wholly-owned Dundas Ilmenite project in Greenland.

RTIT,  a member of the  Rio  Tinto  Group,  is a producer of high-grade titanium dioxide feedstock and owns production operations in Canada, South Africa, and Madagascar.

Dundas, a scalable strategic asset of Bluejay, has a current joint ore reserves committee code-compliant mineral resource of 101mt at 7.1% ilmenite and has been confirmed as the world’s highest-grade mineral sand ilmenite project.

As part of the agreement, RTIT will analyse Ilmenite from the Dundas Project, including a smelter test sample from Dundas at RTIT’s Sorel-Tracy plant in Quebec, Canada.

The two companies will work on the improvement of the technical work that has been completed on Dundas until now.

RTIT also has all rights to terminate the agreement at any time and there is no guarantee if the ilmenite assessment can lead to a long-term deal between Bluejay and RTIT.

Bluejay CEO Roderick McIllree said: “We are delighted to be working with Rio Tinto and this summer one of the key-outcomes will be the delivery of a large bulk-sample to the Sorel-Tracy plant. We believe that the ilmenite from Dundas will prove to be a very valuable material for the Sorel-Tracy plant operation and believe that the experience and expertise from Rio Tinto will provide an opportunity for technological and economic optimisation.

“We  believe  that  the  ilmenite  from  Dundas  will  prove  to  be  a  very valuable material.”

“In addition to continuing to drive Dundas towards permitted exploitation, we expect to continue to expand the resource base in both the onshore and offshore environments. Consequently, we are now able to refocus some of our attention to our other significant and high-value projects namely Disko, Kangerluarsuk and Finland.”

Based in the UK, Bluejay Mining is an exploration company that explores copper, zinc, nickel, gold, lead, cobalt, titanium, and silver deposits, as well as platinum-group elements.