Jangada Mines (JAN)

Sector:

Mining

Index:

FTSE AIM All-Share

1.94p
   
  • Change Today:
      0.090p
  • 52 Week High: 3.65
  • 52 Week Low: 1.35
  • Currency: UK Pounds
  • Shares Issued: 258.60m
  • Volume: 0
  • Market Cap: £5.02m
  • RiskGrade: 521

Deal with Barclays    Trade now with Barclays Stockbrokers

Jangada announces cost savings of $470,000, ahead of work schedule

By Iain Gilbert

Date: Monday 04 Sep 2017

LONDON (ShareCast) - (ShareCast News) - UK based natural resource firm, Jangada Mines said on Monday that in the eight weeks since its initial public offering it had seen significant progress across a number of streams at its Pedra Branca project in northeast Brazil.
The group, newly listed on the London Stock Exchange's AIM market, announced it had recorded significant amounts of nickel, copper, cobalt, and chrome in addition to the platinum group metals and gold deposits it had anticipated, adding value to both the resource itself and from the expected revenue from the sales of these metals.

Jangada also sent off representative drill core samples to SGS Laboratories in Vespasiana, Brazil to perform metallurgical test studies from its current mining targets with the results to be received early in the fourth quarter.

Personnel from the Brazilian regulatory mining body, Departamento Nacional de Produçã Mineral, visited the project in July, allowing Jangada to commence its trial drilling period in early 2018, significantly ahead of the schedule outlined in its AIM admission document.

Brian McMaster, executive chairman of Jangada said, "Given the depth and quality of the data set owned by Jangada as a result of the circa $30 million of historical expenditure, the team have been able to progress critical work streams at a significant pace as well as realising substantial cost savings of $470,000. We expect this work to culminate in a pre-feasibility study sometime around year end and from that platform we expect to move into trial mining and mine development during early 2018 which is well ahead of schedule."

As of 0815 BST, shares had moved ahead 2.70% to 4.75p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Jangada Mines Market Data

Currency UK Pounds
Share Price 1.94p
Change Today 0.090p
% Change 4.86 %
52 Week High 3.65
52 Week Low 1.35
Volume 0
Shares Issued 258.60m
Market Cap £5.02m
RiskGrade 521

Jangada Mines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.89% below the market average19.89% below the market average19.89% below the market average19.89% below the market average19.89% below the market average
81.68% below the sector average81.68% below the sector average81.68% below the sector average81.68% below the sector average81.68% below the sector average
Price Trend
66.17% below the market average66.17% below the market average66.17% below the market average66.17% below the market average66.17% below the market average
30.07% below the sector average30.07% below the sector average30.07% below the sector average30.07% below the sector average30.07% below the sector average
Income Not Available
Growth Not Available

Jangada Mines Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Top of Page