RCS - Jangada Mines PLC - New Presentation & Website

Jangada MinesAnnouncement

26/07/2022 07:00

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RNS Number : 6131T  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
(http://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.

 

**ENDS**

 

For further information please visit www.jangadamines.com
(http://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 Adviser)       James Spinney

 Tavira Securities Limited             Jonathan Evans    Tel: +44 (0)20 7100 5100

 (Broker)

 St Brides Partners Ltd                Ana Ribeiro       jangada@stbridespartners.co.uk

 (Financial PR)                        Isabel de Salis

                                       Selina Lovell

 

 

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