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Bluejay Mining PLC - Greenland and Finland-focused mineral exploration company - Provides update on the Disko-Nuussuaq Ni-Cu-Co-PGE-Au project in West Greenland run by its joint venture company Nikkeli Greenland A/S, in collaboration with KoBold Metals. Says analysis by KoBold’s technical teams has identified seven initial priority targets within the project. These targets exhibit characteristics indicative of potential deposits on a scale comparable to renowned mining operations. To de-risk drilling, the targets will undergo a focused ground-loop electromagnetic survey to refine and prioritize each locality appropriately. Explains the lead-time necessary to secure specialized drilling equipment far exceeded what would have been possible in 2024. Accordingly, does not expect drilling at the project during the course of 2024. Elsewhere, all Nikkeli licenses remain in good standing without the need for additional expenditure. Current stock price: 0.29 pence, up 5.5% 12-month change: down 91% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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