I have begun to buy Bluejay Mining in order to gain exposure to its 100%-owned, 30 km long, 117Mt Dundas Titanium (TiO2) onshore ilmenite (heavy mineral sands) project, which I believe will both triple in size once drowned beaches are explored and prove of an average grade of no less than 7.9%.
Annual estimated production is 440 kt for which an offtake agreement of 80% has been secured.
Heavy mineral fractions will be processed with gravity separation, dried, and further refined with magnets to produce three grades of ilmenite: premium (magnetite), standard (amphiboles) and non-valuable (pyroxene).
Dundas is fully-permitted with a 30-year exploitation license.
