Business
Company Update
Jangada Mines PLC has sold its entire investment holding in Blencowe Resources PLC to focus on its new gold strategy, particularly the Paranaíta Gold Project. Following the sale and an £800,000 capital raise in August 2025, the company is well-capitalized to accelerate activities at Paranaíta. The company aims to upgrade the current 210,000 oz Au resource to a targeted ~350,000 oz Au under JORC reporting. The immediate goal is delivering a PEA for a c.20,000 ounce-per-year operation. More than US$2 million has already been spent on historic exploration that identified six high-priority zones and yielded excellent results, underscoring Paranaíta's potential. Disclaimer*
About this update from Jangada Mines Plc
[{"type":"text","content":"\n\nJangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n26 September 2025\nJangada Mines plc ('Jangada')\n \nCompany Update\n \nFocussing capital on new gold strategy and fast tracking the Paranaíta Gold Project\n \nJangada Mines Plc (AIM: JAN), a Brazil focussed natural resource development company, is pleased to announce that it has sold its entire investment holding in Blencowe Resources PLC ('Blencowe') to focus its cash resources on the implementation of its new gold strategy, in particular, the development of the high grade Paranaíta Gold Project ('Paranaíta' or 'the Project') in Brazil.\n \nFollowing the sale of its Blencowe holding of 21,050,000 Ordinary Shares and the Company's £800,000 capital raise in August 2025, Jangada is now well-capitalised to implement its new strategy and accelerate activities at Paranaíta, where it holds management control. Trenching has commenced, with samples currently being collected and negotiations with drilling contractors underway. An update on this will be provided in the coming weeks. The team is encouraged by analysis of existing project data and is now focused on an exploration programme to support delivery of a PEA for a high-grade, open-pit operation targeting annual production of ~20,000 oz Au.\n \nJangada's CEO, Paulo Misk, commented: \"We see exceptional value uplift potential in Paranaíta, which is now our primary focus. Accordingly, selling our Blencowe holding allows all our capital to be focussed on delivering our development objectives in a project where we maintain management control. Drilling targeting the shallow TP2 and TP2.3 zones aims to upgrade the current 210,000 oz Au resource to a targeted ~350,000 oz Au under JORC reporting, with the immediate goal of delivering a PEA for a c.20,000 ounce-per-year operation. These are exciting times for Jangada, and I look forward to providing further updates on our activities towards building a major, Brazil-focused gold producer and creating long-term value for all stakeholders.\"\n \nAbout Paranaíta:\nParanaíta is a 7,211-hectare gold-rich porphyry-epithermal system with extensive historical data, a record of artisanal mining, and structural similarities to nearby producing high-grade gold deposits. To date, 15 primary high-grade gold occurrences have already been id...