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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: | 12/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 17-12-2018: Jangada Mines Plc announces a Resource Estimation report for its Pedra Branca deposit at the Pedra Branca project. Updated mineral resource estimate for the project. Jangada Mines plc, a natural resources company developing the advanced Pedra | |
| Resources: | (Resource, Inf.): 8.3Mt @ 0.216% Ni, 0.21g/t PGM, 0.007g/t Au, 0.04% Cu, 135ppm Co | |
| CP/QP: | [Resources]: Bernardo Horta Cerqueira Viana (GE21 Consultoria Mineral) | |
| ABSTRACT: | Jangada Mines plc, a natural resources company developing the advanced Pedra Branca project (‘the Project’) in Brazil, is pleased to announce a significant increase to its project economics through the addition of a JORC (2012) compliant nickel and copper sulphide resource. Brian McMaster, Chairman of Jangada, said: “Our ongoing work has enabled us to further understand the dynamics, scale and potential of the ore-body; the Project’s main economic drivers are palladium, platinum and nickel and the associated by-products are essentially cream on the top. “The planned processing route allows us to process and recover all metals in one concentrate from the one plant, meaning that the economics of Pedra Branca have improved substantially. We expect to demonstrate this in the upcoming BFS. Clearly, the current NPV of US$192 million against the Company’s current circa £6 million market cap demonstrates a disparity between asset and valuation; we expect this gap to close substantially as we continue to de-risk the Project.” Background The Pedra Branca Project is an advanced palladium, platinum and nickel project in the northeast of Brazil, holding three mining licenses and 42 exploration licenses over an area of 48,000 hectares. Significant work has been undertaken at the Project, resulting in the release of a PEA in June 2018, which confirmed its potential to become a robust, low CAPEX and OPEX, shallow, open pit operation. | |
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