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FinnAust bullish on Greenland sites

By Robert Tyerman | Thursday 7 January 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Transformed Nordic exploration minnow  FinnAust Mining (FAM) is trumpeting prospects at the Pituffik titanium project in Greenland, acquired when the AIM-quoted company bought 60% of Bluejay Mining before Christmas. FinnAust, where Australian nickel producer Western Areas holds 60%, says work completed last year by Bluejay shows raised beaches along more than 20 km. of coastline hosting ilmenite, a key feedstock in the production of titanium, over widths of more than one kilometre, while samples taken from tidal beaches achieved 70% ilmenite by weight. 


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