For thousands of other reports visit RSC's Mineral Intellingence Map
Jangada Mines Plc
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pedra Branca | |
| Location: | Brazil | |
| Commodities: | Platinum-Gold-Copper-Nickel-Palladium-Cobalt-Chromium | |
| Date: | 10/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 10-10-2017: Jangada Mines Plc announces a Resource Estimation report for its Pedra Branca deposit at the Pedra Branca project. Updated mineral resources at the Pedra Branca PGM project. Jangada Mines plc, a natural resources company developing South Ameri | |
| Resources: | (Resource, Total): 23132kt @ 1.280g/t PGM, 0.05% Cu, 0.21% Ni, 0.85% Cr2O3, 127.1ppm Co at Project | |
| CP/QP: | [Resources]: Bernardo Viana (GE21 Consultoria Mineral) | |
| ABSTRACT: | Jangada Mines plc, a natural resources company developing South America's largest and most advanced platinum group metals ('PGM') project, is pleased to announce the upgrading of its mineral resources at its Pedra Branca Project (the 'Project') in north-eastern Brazil. "Pedra Branca is the largest and most advanced PGM project in South America, with in excess of 1 million ounces of PGM+Au defined and exploration work totalling +US$35 million. With a clear development plan being executed since listing four months ago, we are rapidly unlocking real value as each phase is concluded. The upgrading of the current PGM resource is a further step in this process and demonstrates the long-life potential of Pedra Branca and the minimal expenditure required to increase the Project value. The next step is the conclusion of the Scoping Study, which we believe will highlight the economic potential; this has already been added to with the inclusion of copper, cobalt, nickel, chrome, rhodium and gold credits. We continue to fast-track this polymetallic project towards trial mining production in early 2018 and look to further develop its scale beyond the existing discoveries, through exploration on a further 44 exploration licences spanning 55,000 hectares, which also have significant upside potential for PGM." The Pedra Branca Project is the largest and most advanced PGM project in South America and currently has a JORC (2012) compliant resource of approximately 1 million ounces of PGM+Au at a grade of 2.46 g/t Pd Eq, 109 Mlbs of Ni, 23 Mlbs of Cu and 6.4 Mlbs of Co and 670 kt Cr. The Project is located 280 km from the port city of Fortaleza in the northeast of Brazil and holds three mining and 44 exploration licences over an area of 55,000 ha. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report