Bluejay Mining is set to commence fieldwork at its Dundas ilmenite project in Greenland next month in a bid to significantly increase resources available to the operation.
The fieldwork will run through to October this year and focus on the potential for the Iterlack Delta and the surrounding region.
Based on internal estimates, Bluejay expects to define resources of more than 100Mt.
Bluejay Mining CEO Roderick McIllree said: “2018 has already been a successful year for Bluejay with a £17m raise executed and a 400% increase on the JORC Code compliant maiden mineral resource achieved, which not only reaffirms Dundas as the world’s highest-grade ilmenite project but also shows our significant scale.
“Our primary focus now is to ensure that we maintain our momentum towards production. To achieve this, our first objective is to finalise and submit our relevant exploitation licence applications to the Government of Greenland, which we should be in a position to do by the end of this field season.”
Currently, environmental impact assessments (EIA) and social impact assessments (SIA) are in progress.
Prior to the completion of the assessments, the mine plan is required to be finalised.
Once the EIA and SIA are completed, the company will submit the exploitation licence application at the end of this field season.
Bluejay has purchased a mining fleet to begin civil engineering works, including a bulk sampling programme, construction of the run-of-mine pad and commencement of the earth works around the planned plant and port site.
As a result of last year’s field work, the company identified an increase of more than 400% in the Dundas project’s resource base to 96Mt at 6.9% ilmenite in-situ.