80 Mile PLC has released an updated investor presentation outlining progress across its exploration and development portfolio in Greenland, Finland and Italy.
The company highlighted the value of its retained 30% interest in Jameson following the merger with Pelican Acquisition Corporation, which is estimated at approximately US$92 million and significantly enhances 80 Mile’s exposure to the energy sector.
In Greenland, the Disko–Nuussuaq project has now identified seven priority targets prospective for nickel, copper, cobalt and platinum group elements. Meanwhile, the Dundas Ilmenite Project remains the company’s most advanced asset, hosting a JORC-compliant Mineral Resource of 117 million tonnes at 6.1% ilmenite.
The project also includes an offshore Exploration Target of up to 530 million tonnes, with recent work pointing to improved titanium mineralisation across parts of the licence area.
Investor presentation, which is available online at:
https://www.80mile.com/results-reports-presentations
For further information, please visit http://www.80mile.com
About 80 Mile Plc:
80 Mile Plc, listed on the London AIM market under the ticker 80M, Frankfurt Stock Exchange, and the U.S. OTC Market under the ticker BLLYF, is an exploration and development company focused on high-grade critical metals in Tier 1 jurisdictions. With multiple projects in Greenland, as well as a developing industrial gas and biofuels business in Italy, 80 Mile offers both portfolio and commodity diversification focused on base metals, precious metals, and industrial gas while expanding into sustainable fuels and clean energy solutions in Tier 1 jurisdictions. 80 Mile’s strategy is centred on advancing key projects while creating value through partnerships and strategic acquisitions.
80 Mile’s acquisition of White Flame Energy and the Jameson licenses in East Greenland has positioned the Company in one of the world’s most compelling undrilled hydrocarbon basins. Under its agreement with March GL, drilling of two fully funded wells is set to commence, with Pelican Acquisition Corporation’s merger with Greenland Exploration valuing 80 Mile’s retained 30% interest in Jameson at approximately US$92 million. This acquisition and partnership significantly expand 80 Mile’s exposure to the energy sector while advancing its strategy of developing both conventional and sustainable energy opportunities.
The Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland is a primary focus for 80 Mile, 100% owned by 80 Mile PLC. Seven priority targets exhibiting spatial characteristics indicative of potential deposits on a scale comparable to renowned mining operations such as Norilsk, Voisey’s Bay, and Jinchuan, will be advanced by the Company.
The Dundas Ilmenite Project, 80 Mile’s most advanced asset in northwest Greenland, is fully with a JORC-compliant Mineral Resource of 117 Mt at 6.1% ilmenite and an offshore Exploration Target of up to 530 Mt. Dundas is poised to become a major supplier of high-quality ilmenite. Recent discoveries of hard rock titanium mineralisation, with bedrock samples showing nearly double the ilmenite content of previous estimates, further enhance the project’s world-class potential. 80 Mile owns 100% of the Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in Greenland.
