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Jangada Mines Plc
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pedra Branca | |
| Location: | Brazil | |
| Commodities: | Platinum-Gold-Copper-Nickel-Palladium-Cobalt-Chromium | |
| Date: | 10/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 10-10-2018: Jangada Mines Plc announces an Exploration/Drilling Update report for its Pedra Branca deposit at the Pedra Branca project. Drilling results incl. 1.80m @ 1.65% Ni, 0.1% Co, 1.5% Cu from 47.2m. Jangada Mines plc, a natural resources company de | |
| Resources: | ||
| CP/QP: | [Overall Report]: Bernardo Horta Cerqueira Viana (GE21 Consultoria Mineral) | |
| ABSTRACT: | Jangada Mines plc, a natural resources company developing South America's largest and most advanced planum group metals ('PGM') project, is pleased to announce that it has idenfied significant nickel and copper sulphide anomalies at its Pedra Branca PGM project ('Pedra Branca' or 'the Project') in north-eastern Brazil, which could posively impact its already robust economics. Brian McMaster, Chairman of Jangada, said: "The idenficaon of economic grade nickel and copper sulphide immediately beneath the exisng PGM resource clearly demonstrates the potenal of Pedra Branca to become a pre-eminent global polymetallic operaon. "The nickel price has strong long-term fundamentals and has shown resilience in the recent few months, where commodity prices have been impacted by global polics. There is growing demand for nickel from the stainless-steel market, and the emerging EV baery sector, and inventories are coming under increasing pressure to sasfy this demand. "The inial maiden resource esmate that has been commissioned will confirm the current project metrics and scale, in addion to highlighng the potenal to expand on the exisng base metal resources at the Project. As shown in the Preliminary Economic Assessment ('PEA') announced in June, our PGM resource already has very robust economics. High-grade nickel, which can be mined from the same shallow open pits as planned for the PGM horizon, is a potenal game-changer that could further enhance these economics." | |
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