Bluejay reports solid progress at Pituffik

The AIM-traded company explained that, having confirmed that Pituffik represented the “highest-grade large-scale ilmenite project” globally, Bluejay was focussed on the core deliverables for 2017.

Those included determining the volume characteristic of Pituffik, delivering a bulk sample to potential offtake partners, completing the feasibility study and lodging an application for an exploitation licence.

The initial step had been completed in support of the company's objectives, the board claimed, and in line with Greenland's legislative framework for granting exploitation licences.

That framework was aimed at creating a “collaborative dialogue” for all stakeholders prior to the completion of the environmental impact assessment and social impact assessment for final assessment.

The company was “very pleased” with the responses received, and would now work to incorporate the points raised into a final form document and move into the next phase of the process required to secure an exploitation licence.

Bluejay said the next stage involved a public consultation of the final draft EIA and SIA documents, and as such, the company was now preparing those documents with further updates to be made “in due course”.

“The development of Pituffik has a limited environmental footprint due to the a small intended infrastructure, no tailings and no chemical use,” said CEO Roderick McIllree.

“This will assist greatly during the assessment of Pituffik as we move through the permitting process towards ultimate development.

“We will continue to update shareholders accordingly.”