Bluejay Mining plc announced that an application to expand Mineral Exploration Licence (MEL) 2015-08 covering a portion of the Company's 100% owned Dundas Ilmenite Project ('Dundas' or the 'Project') located in North-West Greenland, to include newly identified high grade sedimentary hosted copper showings has been accepted by the Greenland Mineral Licensing and Safety Authority. Highlights: When granted, the proposed enlargement increases the licence area of MEL 2015-08 from its current size of 86 km2 to 2,833 km. Licence expansion comes at no cost, leveraging existing exploration credits for Dundas and is a result of an extensive data review and analysis beginning in 2019.

The expanded licence area will cover both historic and newly discovered copper showings: The Cominco Gossan, Wolstenholme Fjord - 1% Cu over 112ft width (34m) from outcropping composite rock chip samples within sedimentary units of the Dundas Formation. Hill 620 Showing, Olrik Fjord - sampling up to 0.83% Cu within 100 m2 area. Existing copper showings within the dolerite dykes of the original Dundas licence area.

The Thule Basin represents an area of significant, underexplored mineral potential. It hosts the first-order controls required for sedimentary copper deposits and mineralisation is observed within several geological units across the basin. Encouraging ore-grade samples of mineralisation locally exceeding 10% copper have been identified.

Bluejay has an established and substantial permanent exploration infrastructure at Moriusaq, which will serve as a basecamp for activities on the expanded licence area, allowing for cost effective exploration. The expanded licence area is proximal to the Camelot Project operated by BHP in northern Canada, illustrating an interest in arctic frontier exploration by the major mining companies. The Acquisition comes as part of the Company's new growth strategy to secure high quality copper and industrial gas projects whilst continuing to progress Disko to drilling in 2025.

The Company is planning to conduct a 2024 field program consisting of helicopter-supported geological reconnaissance. The Thule Basin, located near BHP's Camelot Project, reflects a growing interest in mineral exploration ventures within the high Arctic region. This strategic geographical adjacency highlights a broader trend of exploration activities expanding into remote and challenging environments.

Rio Algom Exploration Inc., a Canadian subsidiary of BHP licensed to operate in Canada, plans an early-stage mineral exploration program from 2024 to 2025 across the Queen Elizabeth Islands, Nunavut, and Northwest Territories, all within the continuous permafrost zone. The program targets six potential exploration areas: Melville Island, Ellef Ringnes Island, Amund Ringnes Island, Axel Heiberg Island, and Ellesmere Island, collectively known as the Camelot Project. Field activities including geological reconnaissance, will occur during the 2024-2025 summer season.

Additionally, a small acquisition of 1D geophysical data (magnetotellurics and passive seismic stations) is proposed for one Nunavut project area. Discovered by Cominco during a regional exploration campaign in 1975 the "Cominco Showing" is located on the north side of the Wolstenholme Fjord within the Dundas Formation, reduced sedimentary rocks. It lies only 36 km southeast of the Moriusaq exploration camp.

An extensive zone of outcropping malachite-azurite mineralisation is present with chalcopyrite-pyrite noted. Historical sampling (and logging notes) of a sedimentary horizon along the base of the mineralised zone returned results of 34m at 1% Cu with location notes commenting that the mineralised horizon disappears under ice). With significant glacial retreat in the last 50 years revisiting this site is expected to yield further continuity of this mineralised layer inland.

The author notes similarities between the showing and the White Pine type copper deposit model and deems the lower part of the Dundas Shale Formation to be favourable for further exploration success (Gill, 1975). This outcrop has never been followed up and represents a highly prospective starting point for Bluejays sediment-hosted copper exploration. At "Hill 620" on the south side of the Olrik Fjord (55km NE of Moriusaq), an area of approximately 100 square meters and 3m thickness shows malachite-azurite-stained and bleached sandstones and gossans belonging to the Qaanaaq Formation, situated just north of the Itilleq Fault.

This site was initially identified by the Geological Survey of Greenland (GGU). Analysis of grab samples returned copper contents between 0.31 and 0.83%. Petrological investigations have identified the presence of chalcopyrite, pyrite, bornite, digenite, and covellite as the primary sulphide minerals.

Mineralisation is open along strike where it disappears under cover. GGU publication "Rapport Nr. 90" from 1985 noted the target requires follow up and possible drilling, however, further work was not completed.

An EM16 profile was completed across the cropping out mineralisation and indicated "the mineralisation could be more widespread than showing on surface". Despite these promising findings, no subsequent exploration activities have been conducted. Notably, the mineralisation, characterized by redbed-type copper, a different sub-type of sedimentary hosted copper deposits compared to the Cominco Showing described above.

This offers multiple environments for exploration within the expanded licence area. Management and employees of Bluejay Mining have a well-established network and experience of operating in the high arctic environment. A permanent and fully equipped camp facility, located at Moriusaq will be used to service field operations on the newly expanded exploration licence, allowing for efficient testing of historic and newly developed sedimentary copper occurrences.

Relationships with stakeholders and service providers will assist in this program and Bluejay will continue to support the local Inuit population with training and employment opportunities, ensuring best practice exploration. The Proterozoic Thule Basin (Supergroup) is a 6-8 km thick continental to shallow marine sequence straddling Baffin Bay and Smith Sound. The basin is predominantly preserved in a series of grabens along the coast of NW Greenland, although smaller exposures are also found on eastern Ellesmere Island, Canada.

These exposures are preserved in down-faulted areas, with a substantial exposed succession approximately 2300 meters thick, unconformably underlain by a high-grade Archaean-Palaeoproterozoic crystalline shield. Additionally, gravimetric, seismic, and magnetic data suggest an offshore extension of the Thule Supergroup, with estimates indicating a thickness ranging between 8 and 20 kilometres.