Jangada Mines PLC · LSE:JAN
Jangada Mines — Investor Presentation (September 2020)
22 slides from Jangada Mines's investor presentation, September 2020
Slide 1: Advancing the Pitombeiras Vanadium Project
Advancing the Pitombeiras Vanadium Project Highly Exposed to PGM Upside through ValOre Holding CORPORATE PRESENTATION SEPTEMBER 2020
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS Focused on the exploration & development of the highly prospective Pitombeiras Vanadium Project. Exposed to the prolific Pedra Branca PGM Project through a 17% ownership of ValOre STRATEGY Metals Corp. (TSX‐V: VO) High grade vanadium, titanium, iron mineralisation starting at s
Slide 3: Board & Corporate Structure
BOARD & CORPORATE STRUCTURE Capital Structure (*) LON:JAN Liquidity (*) Ordinary Shares 237,315,053 17% interest in Valore Metals Shares C$4.9 million Market Cap in GBX (*) ₤.7.0 million Cash Position C$1.7 million Market Cap. in CAD (*) C$11.9 million Total Liquidity in CAD C$6.6 million Directors
Slide 4: Pitombeiras Vanadium Project
PITOMBEIRAS VANADIUM PROJECT HIGH-GRADE VANADIUM, TITANIUM, IRON LOCATION & LOGISTICS • State of Ceará/Brazil - 300km from port city of Fortaleza on a paved highway • Three potential routes for ore identified – ports in Ceará Free Trade Zone PROJECT AREA • Eight ground magnetic priority anomalies id
Slide 5: Project Location & Favourable Logistics
PROJECT LOCATION & FAVOURABLE LOGISTICS FAVOURABLE LOCATION, EASY ACCESS AND EXCELLENT INFRASTRUCTURE • Supportive mining code • Located in the state of Ceará, which benefits from: • Established infrastructure at site including road, rail and power • Industrial free trade area for exporting that pro
Slide 6: 2019/2020 Exploration Programme
2019/2020 EXPLORATION PROGRAMME CLEAR PATH TO RESOURCE DEVELOPMENT EXPLORATION PROGRAMME Ground Magnetic Survey Continuous along 43 x 100 m spaced S-N lines covering a total area of 1,308 ha, totalling 133.3 km of survey VANADIUM-BEARING MASSIVE MAGNETITE ROCK Ground Gamma Survey Along 43 x 100 m sp
Slide 7: Substantial Exploration Upside
SUBSTANTIAL EXPLORATION UPSIDE FAVOURABLE REGIONAL GEOLOGY TRANSLATES INTO SCALABILITY JORC Exploration Target over Eight VTM areas has been estimated to range from 40Mt to 60 Mt tonnes at 0.3% to 0.6% V2O5, 40% to 55% Fe2O3 and 8 to 10% TiO2 • Layered and massive vanadium-bearing magnetite body ass
Slide 8: Magnetic Anomaly Targets
MAGNETIC ANOMALY TARGETS EIGHT VTM TARGETS IDENTIFIED – ONLY TWO DRILLED TESTED Analytic Signal map with the location of the selected targets • Substantial footprint identified to the overall prospect beyond the initial resources • Resource remains open in all directions and are based on two out of
Slide 9: Executed Drilling Programme
EXECUTED DRILLING PROGRAMME TESTING VTM STRUCTURAL CORRIDOR • 345.15-metres drilled in 2019 plus 1,360.80-metres drilled in 2020, for a total of 1,705.95-metres of diamond drilling • Drilling programme tested three of most prospective magnetic targets associated with outcropping VTM mineralisation •
Slide 10: Typical Drilling Sections
TYPICAL DRILLING SECTIONS CONSISTENT, HIGH GRADE MINERALISATION CONFIRMED AT SURFACE AND AT DEPTH • High grade mineralisation commences at surface and remains 5.35m @ 0.70% V2O5 open along the strike 600m 2.21m @ 0.67% V2O5 • Geological model is consistent with other globally significant Surface van
Slide 11: Initial Mineral Resources
INITIAL MINERAL RESOURCES NI 43-101 COMPLIANT • Initial mineral resources include two exploration target areas, the Pitombeiras North and Goela targets, which are part of the 8 ground magnetic priority anomalies over a total area of 1,958 hectares • Two individual block models generated using a pare
Slide 12: Initial Mineral Resources: Block Model
INITIAL MINERAL RESOURCES BLOCK MODEL Pitombeiras North • 3D block model • Pitombeiras North • Goela Goela • V2O5 Color Coded Blocks within Mineral Resource Pit (Pitombeiras North) 12
Slide 13: Mineral Resource Expansion Drilling Plan
MINERAL RESOURCE EXPANSION DRILLING PLAN STEP-OUT TARGETS AT PITOMBEIRAS NORTH TARGET • Minimum of 2,000 linear metres • Starting on Pitombeiras North for a total of 28 shallow drill holes to test the lateral continuity of the VTM mineralisation and improve mineral resource categories • Subsequent t
Slide 14: Preliminary Economic Assessment (PEA)
PRELIMINARY ECONOMIC ASSESSMENT (“PEA”) PEA TO BENEFIT FROM INITIAL MINERAL RESOURCES, ADITIONAL METALLURGICAL TESTS AND LOGISTIC OPTIONS • PEA to investigate development in two stages: Dry Separation Process Flow Diagram • Fast-track approach to concentrate production using dry magnetic route • Ful
Slide 15: Processing & Beneficiation Options
PROCESSING & BENEFICIATION OPTIONS On-site Dry Processing (Preferred option) Pitombeiras Concentrate Transportation to Chemical Plant V-Ti-Fe Ore Pecém Port (at Pecém Port) (by truck) Vanadium Products On-site Wet Fe + Ti by-products Processing (2nd option) Export Markets Background image: Dry proce
Slide 16: Positive Metallurgy Tests
POSITIVE METALLURGY TESTS DAVIS TUBE TEST • Davis Tube Test is considered by metallurgists to RESULTS be a simulation of industrial wet magnetic separation Concentrate Pitombeiras Ore • Key findings V2O5 Grade 1.24% • Two samples submitted from Pitombeiras Fe203 Grade 95% responded exceptionally wel
Slide 17: Fe-V-Ti Comparables
Fe-V-Ti COMPARABLES GRADE IN CONCENTRATE V2O5 Grade TiO2 Grade Fe2O3 Grade Source: Company reports 17 Jangada Mines plc | Q3 2020
Slide 18: Pecém Seaport – Free Trade Zone
PECÉM SEAPORT – FREE TRADE ZONE CONNECTING TO ALL MAJOR BUYERS Full chemical plant at Pecém Port Benefit from Free-Trade Zone for Capex imports 7-9 days 8 days 35 days 4 days Jangada Mines plc | Q3 2020 18
Slide 19: Pedra Branca PGM-Au Project
PEDRA BRANCA PGM-AU PROJECT 17% OWNED BY JANGADA THROUGH ITS SHAREHOLDING IN VALORE METALS CORP. CONTROL OF AN ENTIRE PGM DISTRICT (PD-PT-AU, IN BRAZIL) • 38,940 ha land package, five 43-101 resource PGM deposit areas >US$35M HISTORICAL EXPENDITURES, ANGLO AMERICAN PLATINUM (~12 YEARS) • >30,000m dr
Slide 20: Summary
SUMMARY Initial NI 43-101 Resource with significant expansion potential Consistent, high grade mineralisation confirmed at surface & at depth Favourable regional geology translates into scalability Clear path to resource development & PEA in timely manner Robust potential economics supported by esta
Slide 21: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS The information contained in this document (the “Presentation”) has been prepared by Jangada Mines plc (the “Company”) solely for informational purposes. It is subject to material updating, completion, revision, verification and further amendment. This Present
Slide 22: Contacts
CONTACTS JANGADA MINES Brian McMaster Luis Azevedo 20 North Audley Street Jornalista Ricardo Marinho 360 London Salal113, Barra Da Tijuca W1K 6LX Rio de Janeiro CEP 22631350 BMcMaster@garrisoncapital.net lazevedo@ffalegal.com.br info@jangadamines.co.uk 22
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