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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: | 5/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-5-2018: Jangada Mines Plc announces a Resource Estimation report for its Pedra Branca deposit at the Pedra Branca project. Updated mineral resource estimate at Pedra Branca. Jangada Mines plc, a natural resources company developing South America's larg | |
| Resources: | (Resource, M+I): 17.88Mt @ 1.252g/t PGM, 0.036g/t Au, 0.047% Cu, 0.221% Ni, 0.84% Cr2O3, 129g/t Co | |
| CP/QP: | [Resources]: P C Rodriguez (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 a substantial increase of the JORC compliant mineral resources at its Pedra Branca PGM project ('Pedra Branca' or 'the Project') in north-eastern Brazil, which enhances the already positive economics of the Project. Brian McMaster, Executive Chairman of Jangada, said: "The increase in the JORC resource by half a million ounces of PGMs and the strengthening of major base metal credits including nickel, copper and cobalt, all significant commodities in the electric battery economy, are expected to have a major material impact on the already positive economics of Pedra Branca. Importantly, we have a further six known targets to explore which, with the overall district expansion potential, translates to Pedra Branca being potentially much larger and of significantly greater value than originally anticipated."With the increase in scale and the realisation of significant base metal credits, we have been working hard to understand the Project's true potential and its optimal development path. Metallurgical test work including flow sheets will be published imminently, which will be closely followed by the publication of further technical assessment."We believe this is an industry important project given that it's not located in the increasingly expensive, and geopolitical turbulent, historical areas of PGM exploitation; and it has scale, grade and credits. We are therefore excited about its development path and look forward to quantifying further value, which has already been transformed since listing. | |
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