Jangada Mines PLC (AIM:JAN) New Video 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.£9m)

· 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.


For further information please visit www.jangadamines.com or contact:

Jangada Mines plc

Brian McMaster

Tel: +44 (0) 20 7317 6629

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