Bluejay Mining PLC is set to start production at its Dundas ilmenite project in Greenland in 2019, Chairman Michael Hutchinson said May 31.
The project's JORC-compliant resource increased about 400% in April to 96 million tonnes at 6.9% ilmenite in situ. A further exploration target of between 20 million and 60 million tonnes at between 6% and 10% ilmenite was also identified.
An ongoing preliminary feasibility study is due in the coming months, with a final feasibility report to be completed later in the year.
Meanwhile, the company is finalizing off-take discussions, and a bulk sample will be taken in the coming field season to supply final product parcels to customers.
