Jangada updates Pedra Branca resource

Recently-listed Jangada Mines (LN:JAN) has updated its JORC-compliant resource confirmation for its Pedra Branca platinum group metals project, the second update since the company was floated at the end of June.

Exploration-development

Jangada updates Pedra Branca resource

Recently-listed Jangada Mines (LN:JAN) has updated its JORC-compliant resource confirmation for its Pedra Branca platinum group metals project, the second update since the company was floated at the end of June.

Jangada updates Pedra Branca resource

Executive chairman Brian McMaster expects commercial output at Pedra Branca within 12-18 months

The miner said its resource upgrade had identified substantial cobalt and chrome credits at the mine in Brazil’s Ceará state. Its global resources now include 6.4 million pounds (2,903 tonnes) of cobalt at a grade of 0.013% and 670,000 tonnes of chrome at a 8% grading on top of the previously announced 1 million ounces of platinum group metals, 109Mlbs of nickel and 23Mlbs of copper.