Bluejay Mining PLC Announces The Disko-Nuussuaq Opportunity - Project Podcast

Rhea-AI Summary

Bluejay Mining plc announced a podcast featuring CEO Bo Møller Stensgaard discussing the Disko-Nuussuaq Project. The podcast highlights the project's potential, history, and modern interpretation techniques. Additionally, Bluejay has established Nikkeli Greenland A/S for a joint venture with KoBold Metals, with plans for 2022 field activities nearing completion. The company aims to update the market later this year. Bluejay's Dundas Ilmenite Project has also made progress towards production, with a significant Master Distribution Agreement in place.

Positive

• Establishment of Nikkeli Greenland A/S for JV with KoBold Metals.
• Upcoming 2022 field program planned to enhance project exploration.
• Dundas Ilmenite Project expected to commence production with a Master Distribution Agreement for 340ktpa.

Negative

• None.

LONDON, UK / ACCESSWIRE / February 1, 2022 / Bluejay Mining plc, the AIM, (OTCQB:BLLYF)(LSE:JAY) FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce the publication of a Podcast recording with Bluejay's Chief Executive Officer, Mr Bo Møller Stensgaard.

The Podcast discusses the exciting and unique opportunity that the Disko-Nuussuaq Project ("Disko") represents, and addresses enquiries that the Company has received regarding the project. Mr Stensgaard also highlights the history of the project, the data collated, including the modern interpretation techniques, along with the scale, size and correlation to what is believed to be Disko's closest comparable.

The Podcast is available to listen on the following link https://www.youtube.com/watch?v=gggOBrZQE6Q and can also be found on the Company's website at https://bluejaymining.com/projects/greenland/disco-nuussuaq/

The Podcast follows the recent Company news of the incorporation of Nikkeli Greenland A/S, the joint-venture partnership with KoBold Metals. A summary of this morning's release can be seen below.

· Greenland registered Nikkeli Greenland A/S created for the JV with necessary applications lodged for the Disko licence transfer

· Planning of 2022 field activities currently in their final stage

Bluejay and KoBold are currently finalising the 2022 work and field program which Bluejay will manage and execute on behalf of the JV. Bluejay anticipates updating the market of these activities in due course, with commencement expected in the latter part of Q2 2022.

For further information please visit http://www.bluejaymining.com or contact:

Roderick McIllree/ Kevin Sheil	Bluejay Mining plc	enquiry@bluejaymining.com
Ewan Leggat/ Adam Cowl	SP Angel Corporate Finance LLP(Nominated Adviser)	+44 (0) 20 3470 0470
Andrew Chubb	Hannam & Partners (Advisory) LLP	+44 (0) 20 7907 8500
Tim Blythe/ Megan Ray	Blytheweigh	+44 (0) 20 7138 3205

Notes

Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay has now secured three globally respected entities as partner, customer, and co-investor on three of its projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.

Bluejay has signed a definitive joint venture agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials for electric vehicles (The Disko-Nuussauq Project). Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio. Other investors in KoBold include Andreessen Horowitz, the premier Silicon Valley venture capital fund and Equinor, the Norwegian state-owned multinational energy company.

Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and being developed towards production in the near term, with preparatory activities scheduled to commence in 2022. The Dundas Ilmenite Project has been proven to be the highest-grade mineral sand ilmenite project globally, with a Mineral Resource reported in accordance with the JORC Code of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas and has appointed a Global Investment Bank as the lead arranger. This strategy will create a company capable of self-funding exploration on its current and future projects.

Bluejay holds two additional projects in Greenland - the 692sq km Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also has a joint-venture agreement with a mining major at Enonkoski in Finland and has recently signed a binding agreement for a partial divestment in a fourth Finnish project.

**ENDS**

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SOURCE: Bluejay Mining PLC

View source version on accesswire.com:
https://www.accesswire.com/686580/Bluejay-Mining-PLC-Announces-The-Disko-Nuussuaq-Opportunity--Project-Podcast

FAQ

What is the Disko-Nuussuaq Project discussed by Bluejay Mining?

The Disko-Nuussuaq Project represents a significant opportunity for exploration and development, as highlighted in the recent podcast by CEO Bo Møller Stensgaard.

When will Bluejay Mining update the market about its 2022 field activities?

Bluejay Mining anticipates updating the market regarding its 2022 field activities in the latter part of Q2 2022.

What is the significance of the joint venture with KoBold Metals for Bluejay Mining?

The joint venture with KoBold Metals is crucial for guiding exploration for new deposits rich in critical materials for electric vehicles.

What is the status of the Dundas Ilmenite Project?

The Dundas Ilmenite Project is fully permitted and is being developed towards production, with preparatory activities scheduled to commence in 2022.

How much ilmenite does the Dundas Ilmenite Project hold?

The Dundas Ilmenite Project has a Mineral Resource of 117Mt at 6.1% ilmenite, with a further exploration target of 300Mt to 530Mt.