Business
Update re Pedra Branca Project
Update re Pedra Branca Project.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \nRNS Number : 8897Y Jangada Mines PLC 11 December 2017 \n\nJangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n11 December 2017\n Jangada Mines plc ('Jangada' or the 'Company')\n \nLocal Government Approval for Pilot Production\nat the Pedra Branca Platinum Group Metals Project\n \nJangada Mines plc, a natural resources company developing South America's largest and most advanced platinum group metals ('PGM') project, is pleased to announce that authorisation has been received from the relevant Brazilian municipal government for pilot scale production at its Pedra Branca Project in north-eastern Brazil ('the Project'). \n \nThe Company now intends to make an application to the Secretaria do Meio Ambiente do Ceará ('SEMACE') and Departamento Nacional de Produção Mineral ('DNPM') for a trial mining licence during Q1 2018. Before this application can be made, the Company is required to receive municipal government approval, which has now been received. \n \nBrian McMaster, Executive Chairman of Jangada said, \"This is a significant milestone for the Company on its road to near-term production. The local authorities (local, state and federal) in Brazil have been very supportive of our development plans at the Project and this formal approval underscores that. In light of our recent progress and positive Scoping Study results (as announced on 31 October 2017), we look forward to the continued development of the project including the conclusion of our Pre-feasibility Study during Q1 2018.\" \n \nThis announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014.\n \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\n T: +44 (0)20 7409 3494 \n\n\n\n\n\n\n\n\n\n\n\n\nBeaufort Securities (Broker)\nJon Belliss\n\n\nT: +44 (0)20 7382 8300\n\n\n\n\n\n\n\n\n\n\n\n\nSt Brides Partners LTD (Financial PR)\nHugo de Salis / Olivia Vita\n\n\nT: +44...