JOHANNESBURG (miningweekly.com) – Aim- and FSE-listed Bluejay Mining is continuing to advance its Pituffik titanium project, in Greenland, with the aim of publishing a resource upgrade by the end of 2017 or early 2018.
Drilling is under way to expand the current resource, a bathymetry survey has been started and licencing applications are progressing.
The project has an inferred resource of 23.6-million tonnes at at 8.8% ilmenite. This includes a high-grade zone equal to 7.9-million tonnes at 14.2% ilmenite at Moriusaq, which is the focus of the feasibility and production studies that are currently under way.
Bluejay is targeting a larger exploration area, primarily encompassing potential mineralisation below and inland from the current drilling, of between 90-million tonnes to 130-million tonnes at an in-situ grade of between 6.3% and 8.4% ilmenite
The resource upgrade should confirm Pituffik as being “globally significant in terms of tonnage, as well as maintaining its position as being the highest-grade project globally”, CEO Roderick McIllree commented on Wedensday.
He said Bluejay’s current work was focused on demonstrating the size of the asset, securing an off-take partner and defining a viable logistics solution to ship the ilmenite product.
The company is aiming to start production at Pituffik next year.
Edited by: Creamer Media Reporter
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