Bluejay Mining PLC on Dec 17 increased the JORC-compliant resource for the Dundas project in Greenland to 101 million tonnes at 7.1% ilmenite in situ, compared to the April estimate of 96 million tonnes at 6.9% ilmenite. This follows optimization work during the 2018 field season.
The new estimate includes higher-grade portions at various cutoff grades of 31.2 million tonnes at 10.7% ilmenite using a 3.5% cutoff and 6 million tonnes at 12.9% ilmenite using a 4.5% cutoff.
The upgrade only applies to the Moriusaq area and does not take into account any maiden resources or updates for the Iterlak and Iterlak East areas of the wider Dundas project. Estimates for these are expected to be published in the first quarter of 2019. Bluejay still plans to release an optimized pre-feasibility study for Dundas in the same quarter.