Business
Appointment of Joint Broker
Appointment of Joint Broker.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \nRNS Number : 2421D Jangada Mines PLC 30 January 2018 \n\nJangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n30 January 2018\n Jangada Mines plc ('Jangada' or the 'Company')\n \nAppointment of Joint Broker\n \nJangada Mines plc, an AIM listed company developing the Pedra Branca polymetallic project in Brazil, is pleased to announce that it has appointed Brandon Hill as joint broker to the Company with immediate effect. Beaufort Securities Ltd remains as joint broker to the Company.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n* ENDS *\n \nFor further information, please visit www.jangadamines.com or contact:\n \n\n\n\n\nJangada Mines plc\n\n\nE: [email protected] \n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited (Financial & Nominated Adviser)\nJames Spinney / Ritchie Balmer / Jack Botros\n\n\nT: +44 (0)20 7409 3494 \n\n\n\n\n\n\n\n\n\n\n\n\nBeaufort Securities (Joint Broker)\nJon Belliss\n\n\nT: +44 (0)20 7382 8300\n\n\n\n\n\n\n\n\n\n\n\n\nBrandon Hill (Joint Broker)\nJonathan Evans/Oliver Stanstead\n\n\nT: +44 (0)20 3463 5000\n\n\n\n\n\n\n\n\n\n\n\n\nSt Brides Partners LTD (Financial PR)\nIsabel de Salis\n\n\nT: +44 (0)20 7236 1177\n\n\n\n\n \n \nNotes to the Editors\nJangada Mines plc is focused on developing the Pedra Branca PGM Project ('the Project'), one of the largest undeveloped PGM projects outside of Africa, with the potential to supply a market in long-term deficit. The Company is aiming to establish a low cost, low capex open pit mine, with a target to produce 30,000 oz/annum by the end of 2018 from three existing mining licences with mineralisation commencing at surface. The Project has a JORC (2012) Compliant Resource of approximately 1 million ounces of PGM+Au at a grade of 1.3 g/t, 109Mlbs of Ni, 23Mlbs of Cu, 6.4Mlbs of Co and 670kt of Cr. Circa 52% of this is contained within current mining licences and is considered a low development risk due to previous exploration work totalling + US$35 million. Additionally, the Company owns a further 44 exploration licences spanning 55,000 hectares, which have significant upside potential for PGM, nickel, copper, chrome, rhodium, gold, and vanadium. The team has a wealth of experience, not only of the Proje...