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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: | 10/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 31-10-2017: Jangada Mines Plc announces a Scoping Study report for its Pedra Branca deposit at the Pedra Branca project. Scoping study results incl. IRR of 80%, 1.3yr payback period. Jangada Mines plc, a natural resources company developing South America' | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: P C Rodriguez, B Cerqueira 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 results of the recently completed Scoping Study (the 'Study') for its Pedra Branca PGM project in north-eastern Brazil (the 'Project'). The Study has confirmed that the Project has the potential to become a robust shallow open pit operation, with a low capital expenditure requirement, yielding attractive financial returns and a very short payback period. Brian McMaster, Executive Chairman of Jangada said, "The results of the Scoping Study are excellent and clearly demonstrate the outstanding potential of this polymetallic project as a low cost, shallow pit PGM operation with excellent financial returns. The addition of the by-product credits for critical technology metals including cobalt, nickel and copper has a significant positive impact on the economics and underpins our belief that Pedra Branca has the potential to be a 'free platinum' operation, where by-product credits cover the costs of PGM production. We are also seeing significant value addition through the envisaged chrome concentrate production from the same ore zone.” | |
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