Greenland Conference 2017 The world s best ilmenite project

Transcription

1 Greenland Conference 2017 The world s best ilmenite project

2 COMPANY STRUCTURE Bluejay Mining plc Group Structure 30-Jun-17 Bluejay Mining Plc (UK) (Formely FinnAust Mining plc) 100% Centurion Mining Limited (UK) 100% 100% 100% 100% Disko Exploration Limited (UK) BJ Mining Limited (BVI) Finland Investments Limited (UK) Centurion Universal Limited (UK) Greenland - Disko 100% Dundas Titanium A/S (Greenland) Greenland - Pituffik FinnAust Mining Northern Oy (Fin) 100% 100% Finland FinnAust Mining Finland Oy (Fin) 100% Centurion Resources GmbH (Austria) Austria - Mitterberg 1

3 COMPANY OVERVIEW GREENLAND Dundas Titanium Project Exploring a number of high grade & high tonnage polymetallic assets throughout Greenland and the Nordic Region World s highest grade ilmenite project Primary focus Exploration upside Bulk sampling and piloting underway FINLAND Additional upside potential from wider portfolio 3 high grade copper, zinc and nickel projects in Finland South-west Greenland Two advanced polymetallic projects +US$50m previously spent on exploration Disko-Nuussuaq: Magmatic Massive Sulphide nickelcopper-platinum project Kangerluarsuk SedEx: Zinc-lead-silver project 2

4 LICENCE AREA MORIUSAQ BAY Inferred resource of 23.6mt at 8.8% ilmenite (in situ) for the tested area 17% of total deposit The deposit covers two types of terrain: Raised and Active Beaches: Raised Beach refers to the dunes up to the base of the escarpment. Active beach refers to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone 3 Drowned Beaches: refers to the areas seaward of active beaches.

5 TARGET AREAS Port 1 Port 2 4

6 KEY NUMBERS 2017 SEASON 124 auger holes 136 sonic holes total of 546 m 772 ton bulk produced 109 big bags shipped out 202 big bags stock pile 87 km2 bathometry Port 1 Port 2 5

7 DRILLING ON RAISED BEACH ACTIVE BEACH 6

8 7 AUGER DRILLING ON RAISED BEACH AT ITERLAQ

9 RESOURCE Capable of supporting an operation of 30 YRS PLUS mine life with extensive exploration potential Classification Volume (M.m 3 ) Tonnage (M.t) Density (t/m 3 ) % THM % >2mm % >5mm % <63µm % TiO 2 In HM % TiO 2 Insitu % Ilmenite Insitu Inferred Only covers ~17% of the licence area Iterlak and additional 25km of raised beach are yet to be tested Includes a high-grade zone of 7.9Mt at 14.2% ilmenite (in situ) at Moriusaq which is the focus of the feasibility and production studies currently underway A larger exploration target of between 90Mt to 130Mt at an in-situ grade of between 6.3% and 8.4% ilmenite has been identified 8

10 PLANT & INFRASTRUCTURE Modular structure planned with minimum construction required at site itself. Options 1. Bring concentrator in on large barge; 2. Bring in components in sea containers, in modular form. Main site works will be port and stockpile facility. 9

11 MANNING Personnel By Department Total Professional Skilled Non Skilled On Site Management Process Maintenance Accounting Shipping Accommodation EHS&T/Community Mining Mining Contractor Professionals: Skilled: Non-Skilled: Engineers, Metallurgists, Geologists, Chemists, Accountants, Environmentalists, Administration, Doctors, Nurses Harbour Master, Heavy Equipment Operators, Mechanics, Electricians, Chefs, Technicians, Carpenters, Safety & Training Officers Mine & Process Operators, Port Operators, Kitchen Hands, Cleaners, Clerks 10

12 WORK PROGRAMME Dundas has completed extensive exploration and development studies. Goal Activities Status Deliver a viable development and logistics solution Define a processing route and optimise design Define a Mineral Resource Define the project life and production levels Complete a feasibility study Dredge mining study by Royal IHC. Transhipping study by CSL. Engineering studies on plant design and infrastructure. Metallurgical testing and flowsheet development by Robbins/AML SRK to develop a Mineral Resource Estimate for Life of Mine SRK to develop mine plan and schedule Appoint a Study Manager and Complete Feasibility Study Metocean study completed. Dredging options under review. Shipping logistics study commenced. Detailed engineering studies awarded. Bulk metallurgical sample undergoing large scale testwork in Queensland aimed at optimising process design Initial resource announced in Q MRE being upgraded by SRK based on 2017 field season. In progress. In progress 11

13 WORK PROGRAMME Market analysis shows a large and growing demand for ilmenite products available from Dundas Goal Activities Status Finalise marketing and offtake agreements. Engage specialist marketing partners to develop to develop sales strategy. Appointed marketing experts. Product specifications being developed. Finalise Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) Define Terms of Reference for EIA and SIA Public hearings completed, White Paper finalised. Complete Exploitation Licence Application EIA studies by Orbicon A/S SIA studies by NIRAS Greenland A/S. Public Hearing for SIA and EIA. IBA development and negotiations. Baseline study inclusive of marine, freshwater and terrestrial samples commenced. Underway. Public consultation has commenced. Not commenced. 12

14 IS GREENLAND, THE MISUNDERSTOOD ISLAND? Too cold? Uninhabitable??? Too hard? Too isolated? Nothing but ice there!? Logistically impossible! 13

15 YES IT IS, BUT LET S CHANGE THAT TOGETHER THINGS TO BEAR IN MIND Let us tell the world what Greenland is all about, and what s possible The world outside is following what is happening in Greenland Greenland is no longer just a distant part of Denmark, and has broken out of the glassbubble Whatever you say as a politician can have serious consequences for the future of the country Investors are very sensible to rumors and changes in legislation stability Windows of opportunity Inhouse expertise Stabile workforce within the administration Mining is the only way forward 14