StockMarketWire.com - Bluejay Mining has announced that the feasibility study has started at the Dundas ilmenite project (previously referred to as the Pituffik titanium project.

It said the change of the project name had been made to align with the new Greenlandic subsidiary and to assist with the exploitation application documentation.

The company has appointed the following group of advisers:

- SRK Consulting appointed to update the resource estimate, prepare the mining schedule and assess water management aspects as well as review the study as a whole

- IHC Robbins appointed to complete the process plant engineering & design study

- Royal IHC expected to finalise a dredging study with final draft expected in the coming month

- Amec Foster Wheeler Americas to undertake the infrastructure and services part of the study

It said the final feasibility report was expected for completion during Q1 2018 and this would form the final part of the exploitation licence application that was expected to be approved during H1 2018.

Chief executive Roderick McIllree said: 'IHC, IHCR and SRK are all leaders in their field and have a long history of working with the Company, with a solid understanding of the Dundas Ilmenite Project.

'We are accordingly delighted to be working with them once more.

'Alongside this, we are pleased to be able to add Amec to our group of advisers.

'Their proven knowledge and understanding of climate, logistics, minerology and process design will be invaluable as we now refine and finalise our production plans.

'With this exemplary team behind us, we are poised to complete the feasibility study during Q1 2018 and advance into our next phase of growth.

'Collectively, we expect these work programmes to help confirm the low-cost development model of the Project, which we believe will be in the lowest quartile production costs for ilmenite projects globally thanks to the simple minerology, low-cost separation techniques and strategic Greenlandic location.

'This model and the Project's commercial value has been underpinned through recent metallurgical test work, which continues to provide us with the confidence that we can commercially produce in-demand, high quality ilmenite products.

'With an exploitation licence application due to be placed in the next few months we can certainly say that 2017 continues to be an extremely productive year for Bluejay.'










Story provided by StockMarketWire.com