Jangada Mines (JAN)

Sector:

Mining

Index:

FTSE AIM All-Share

 1.85p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.65
  • 52 Week Low: 1.35
  • Currency: UK Pounds
  • Shares Issued: 258.60m
  • Volume: 1,167
  • Market Cap: £4.78m
  • RiskGrade: 521

Jangada Mines reports 'encouraging potential' at Pitombeiras

By Josh White

Date: Monday 30 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Natural resources company Jangada Mines announced the completion of a JORC 2012-compliant technical report on the Pitombeiras Vanadium Project in the Brazil state of Ceará on Monday.
The AIM-traded firm said the report highlighted the "encouraging potential" of the Pitombeiras Project, with the current JORC exploration target estimated from drilling, magnetic data and rock chip geochemistry ranging between 40 megatonnes and 60 megatonnes at 0.3% to 0.6% vanadium pentoxide, 40% to 55% ferric oxide, and 8% to 10% titanium dioxide.

Initial Davis tube recovery (DTR) test work had demonstrated that the mineralisation responded "very well" to magnetic separation, with mass recovery of 59% and 62% and concentrate grades increasing to greater than 1.2% vanadium pentoxide, including 95% ferric oxide.

The titanium dioxide was concentrated on a non-magnetic fraction reaching grades, around 33% titanium dioxide.

Jangada said a preliminary logistics study had demonstrated "favourable" ore transportation costs to overseas markets, and added that it was fully funded for the next stages of exploration and development.

"We continue to be encouraged with the potential of Pitombeiras to become a high-grade world-class vanadium, iron, titanium project with the ability to produce a concentrate through magnetic separation," said Jangada executive chairman Brian McMaster.

"The JORC exploration target, as identified in the technical report, indicates we have grades and scale required to develop a substantial, economically viable project, situated in a logistically friendly environment."

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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 1.85p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.65
52 Week Low 1.35
Volume 1,167
Shares Issued 258.60m
Market Cap £4.78m
RiskGrade 521

Jangada Mines Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
19.84% below the market average19.84% below the market average19.84% below the market average19.84% below the market average19.84% 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
66.51% below the market average66.51% below the market average66.51% below the market average66.51% below the market average66.51% 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

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Trades for 28-Mar-2024

Time Volume / Share Price
15:40 1,167 @ 1.70p

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