Jangada Mines PLC New Presentation & Website
July 26 2022 - 2:00AM
RNS Non-Regulatory
TIDMJAN
Jangada Mines PLC
26 July 2022
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
26 July 2022
Jangada Mines plc ('Jangada' or 'the Company')
New Corporate Presentation & Website
Jangada Mines plc, a natural resources development company with
interests in Brazil and elsewhere, is pleased to announce that an
updated corporate presentation is now available on its new website
www.jangadamines.com . The presentation and website highlight
Jangada's dual focussed investment strategy to advance its
100%-owned Pitombeiras vanadium titanomagnetite ('VTM') Project
('Pitombeiras' or 'the Project') in Brazil, and to utilise its
proven in-country and geological expertise to identify/acquire
additional projects that it can rapidly advance to build value for
shareholders.
A Technical Report published in April 2022 on Pitombeiras,
demonstrated the Project's robust economics including:
-- 100.3% post-tax Internal Rate of Return ('IRR')
-- US$96.5 million post-tax Net Present Value ('NPV') (8% discount rate)
-- All-inclusive CAPEX totalling US$18.45 million
-- US$16.21m in operating cash flow per annum (current market cap of c.GBP9m)
-- Payback time - 13 months
-- Current VTM commodity basket prices all at a premium to those used in the latest study
Brian McMaster, Executive Chairman of Jangada said, "The new
website and presentation reiterate our proven strategy of value
creation, and how we intend to generate shareholder returns and
capitalise on our established position in the stable, commodity
rich and mining friendly jurisdiction of Brazil.
"Having already yielded circa C$9.3m through the advancement and
sale of the Pedra Branca PGM project, our recent focus has been on
advancing Pitombeiras up the value curve; as the recent Technical
Report has demonstrated, the Project's economics are robust and
compare highly favourably to our peer group. Furthermore, our
commodity basket remains in demand with the current global energy
transition holding the prices at significant premiums to those used
in the study.
"We maintain a strong treasury, an important factor in the
current economic environment, and the directors control c.43% of
the equity meaning they are highly incentivised. We believe the
project suite will generate long term value and we maintain an
active watching brief for synergistic, value accretive projects to
broaden the portfolio."
The information contained on the new website continues to comply
with Rule 26 of the AIM Rules for Companies.
**ENDS**
For further information please visit www.jangadamines.com or
contact:
Jangada Mines plc Brian McMaster Tel: +44 (0) 20 7317
6629
Strand Hanson Limited Ritchie Balmer Tel: +44 (0)20 7409 3494
(Nominated & Financial James Spinney
Adviser)
----------------- -------------------------------
Tavira Securities Jonathan Evans Tel: +44 (0)20 7100 5100
Limited
(Broker)
----------------- -------------------------------
St Brides Partners Ana Ribeiro jangada@stbridespartners.co.uk
Ltd Isabel de Salis
(Financial PR) Selina Lovell
----------------- -------------------------------
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