StockMarketWire.com - Bluejay Mining reached an agreement with Rio Tinto Iron and Titanium Canada to further analyse Ilmenite from the company's wholly owned Dundas Ilmenite project .

Dundas, a scalable strategic asset, had a current JORC Compliant Mineral Resource of 101m tonnes at 7.1% ilmenite and had been confirmed as the highest-grade mineral sand ilmenite project globally, the company said.

Under the agreement, Rio Tinto Iron and Titanium Canada (RTT) would analyse Ilmenite from the Dundas Project. This would include a smelter test sample from Dundas at RTIT's Sorel-Tracy plant in Quebec, Canada.

RTIT may terminate the agreement at any time and there was no guarantee that the ilmenite assessment would lead to a long-term transaction between Bluejay and RTIT, the company added.

'We are delighted to be working with Rio Tinto and this summer one of the key-outcomes will be the delivery of a large bulk-sample to the Sorel-Tracy plant,' said Bluejay CEO Roderick McIllree said.

'We believe that the ilmenite from Dundas will prove to be a very valuable material for the Sorel-Tracy plant operation and believe that the experience and expertise from Rio Tinto will provide an opportunity for technological and economic optimization.'


At 8:14am: [LON:JAY] Bluejay Mining Plc share price was +0.74p at 10.89p



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