Jangada Mines PLC Appointment of Joint Broker (2421D)
January 30 2018 - 2:00AM
UK Regulatory
TIDMJAN
RNS Number : 2421D
Jangada Mines PLC
30 January 2018
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
30 January 2018
Jangada Mines plc ('Jangada' or the 'Company')
Appointment of Joint Broker
Jangada Mines plc, an AIM listed company developing the Pedra
Branca polymetallic project in Brazil, is pleased to announce that
it has appointed Brandon Hill as joint broker to the Company with
immediate effect. Beaufort Securities Ltd remains as joint broker
to the Company.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
* ENDS *
For further information, please visit www.jangadamines.com or
contact:
Jangada Mines plc E: info@jangadamines.com
Strand Hanson Limited (Financial T: +44 (0)20 7409
& Nominated Adviser) 3494
James Spinney / Ritchie Balmer
/ Jack Botros
Beaufort Securities (Joint T: +44 (0)20 7382
Broker) 8300
Jon Belliss
Brandon Hill (Joint Broker) T: +44 (0)20 3463
Jonathan Evans/Oliver Stanstead 5000
St Brides Partners LTD (Financial T: +44 (0)20 7236
PR) 1177
Isabel de Salis
Notes to the Editors
Jangada Mines plc is focused on developing the Pedra Branca PGM
Project ('the Project'), one of the largest undeveloped PGM
projects outside of Africa, with the potential to supply a market
in long-term deficit. The Company is aiming to establish a low
cost, low capex open pit mine, with a target to produce 30,000
oz/annum by the end of 2018 from three existing mining licences
with mineralisation commencing at surface. The Project has a JORC
(2012) Compliant Resource of approximately 1 million ounces of
PGM+Au at a grade of 1.3 g/t, 109Mlbs of Ni, 23Mlbs of Cu, 6.4Mlbs
of Co and 670kt of Cr. Circa 52% of this is contained within
current mining licences and is considered a low development risk
due to previous exploration work totalling + US$35 million.
Additionally, the Company owns a further 44 exploration licences
spanning 55,000 hectares, which have significant upside potential
for PGM, nickel, copper, chrome, rhodium, gold, and vanadium. The
team has a wealth of experience, not only of the Project but of
mining in South America across a range of commodities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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