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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: | 6/18/2018 | |
| Report Code: | JORC | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-6-2018: Jangada Mines Plc announces a PEA report for its Pedra Branca deposit at the Pedra Branca project. PEA results incl. post-tax NPV of $192M (7%), IRR of 67%, 13yr LOM at the project. Jangada Mines plc, a natural resources company developing Sout | |
| 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]: Porfirio Cabaleiro 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 very pleased to announce the results of the Preliminary Economic Assessment (‘PEA’) for its Pedra Branca PGM project in north-eastern Brazil (the ‘Project’). The PEA confirmed the findings of the 2017 Scoping Study (as announced on 31 October 2017) that the Project has the potential to become a robust, low CAPEX and OPEX, shallow, open pit operation yielding attractive financial returns and a very short payback period. Brian McMaster, Executive Chairman of Jangada said, “Pedra Branca is a truly exciting polymetallic project. With an estimated NPV of US$192 million, an IRR of 67% and a payback of just 1.6 years, the PEA underlines the significant upside and economic potential of the asset. The scope is for an average production of 64,000 ounces per annum of PGM+Au, with significant credits from technology metals including 2.2 Mlbs of nickel, 1.2Mlbs of copper, 44,000 lb of cobalt and 30,000 t of chrome. Having a project demonstrating such excellent potential for returns in an established mining jurisdiction that has strong legislative stability makes this an extremely compelling proposition.” | |
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