Business
Social, Legal and Environmental Review Completed
Social, Legal and Environmental Review Completed.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \nRNS Number : 7873Y Jangada Mines PLC 13 May 2019 \n\nJangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n13 May 2019\n Jangada Mines plc ('Jangada' or the 'Company')\n \nCompletion of Social, Legal and Environmental Review\nas Bankable Feasibility Study Nears Completion \n \nJangada Mines plc, a natural resources company developing the Pedra Branca project, South America's largest and most advanced platinum group metals ('PGM') and nickel project (the \"Project\"), and the Ptombeiras West vanadium project, is pleased to provide an update on the bankable feasibility study ('BFS') that is nearing completion at the Project in north-eastern Brazil.\n \nHighlights\n· On track with completion of BFS to confirm the technical and economic viability of the Project \n· Completed verification of the environmental, legal and social components of the BFS \no No environmental, legal and social risks that could impact development identified \n· Verification of the metallurgy component of the BFS underway and close to completion, following which, the final mine design process can commence\n \nBrian McMaster, Executive Chairman of Jangada said, \"The delivery of a combined BFS for the PGM and nickel assets to further confirm Pedra Branca's technical and economic viability will represent a significant milestone in the development of the Project, and we are delighted that we are close to achieving this. The assessment of relevant environmental, legal and social factors is a key consideration and it is reassuring that no red flags have been identified in this process or in the earlier work completed for the environmental licence application that we were awarded in October 2018. \n \n\"The findings from this verification stage of the BFS, across all the various components, have consistently demonstrated both the potential and the feasibility of the Project\"\n \nFurther Information\nThe Company is close to completing a BFS at its 48,000 hectare Pedra Branca PGM-nickel project, which has a JORC (2012) Compliant Resource of 2.2 million oz of PGM+Au, 298 Mlb of nickel, 50 Mlb of copper and 15 Mlb of cobalt. \n \nThe Company is currently focused on the initial verification phase of the BFS, w...