Jangada Mines plc, a natural resources company developing the Pedra Branca Project, South America's largest and most advanced platinum group metals and nickel project, and the Ptombeiras West Vanadium Project, is pleased to provide an update on the bankable feasibility study currently underway at its Pedra Branca project in north-eastern Brazil.
- On track with completion of BFS to confirm the technical and economic viability of the Project
- Completed hydrology study - successfully demonstrated readily accessible sources of water proximate to the Project at minimal potential risk to operations
- Two major dams, situated within an 18-dam drainage basin, identified as immediate sources of water for the operation
- Assessment shows a low-risk of water ingress into production pits
- Verification of the metallurgy, environmental, legal and social components of the BFS near completion, following which, the final mine design process can commence
Brian McMaster, Executive Chairman of Jangada said, "The BFS for the Pedra Branca project, to further confirm its technical and economic viability, is progressing on track and according to the schedule previously outlined, with anticipated completion during Q2 2019. The hydrology study was an integral component of confirming the technical viability of this exciting asset; the positive findings bolster our confidence to continue to expedite development at the Project. We look forward to updating shareholders with our progress soon."