Advancing the Pitombeiras Vanadium Project Highly Exposed to PGM Upside through ValOre Holding CORPORATE PRESENTATION JUNE 2020
INVESTMENT HIGHLIGHTS Focused on the exploration & development of the highly prospective Pitombeiras Vanadium Project. Exposed to the prolific Pedra Branca PGM Project through a 26% ownership of STRATEG ValOre Metals Corp. (TSX-V: VO) Y High grade vanadium, titanium, iron mineralisation starting at surface Drilling and extensive surface sampling confirmed discovery Technical report indicates potential for sizable high grade resource Structural & geophysics data demonstrate potential to extend the known mineralisation Metallurgical tests demonstrate high grade vanadium recoveries Extensive exploration programme & PEA executed in 2020 Favourable mining jurisdiction with mineral rights & surface access secured Management with proven development & permitting track record in Brazil Currently short-term liquidity equivalent to Market Capitalisation 2 Jangada Mines plc | Q2 2020
BOARD & CORPORATE STRUCTURE Capital Structure (*) LON:JAN Liquidity Ordinary Shares 237,315,053 26% interest in Valore Metals Shares (*) C$5.6 million Market Cap in GBX (*) ₤ 4.6 million Cash Position (**) C$1.5 million Market Cap. in CAD (*) C$7.8 million Total Liquidity in CAD (*) C$7.1 million Directors Shareholding 46.3% Total Liquidity in GBX (*) ₤ 4.2 million Equity not in public hands 72.5% (*) June 16, 2020; (**) As at December 2019 plus ValOre last C$1.0M payment received Feb 2020 Brian McMaster Luis Azevedo Nicholas von Schirnding Executive Chairman Exec Director Ind. Non-Exec Director 20 years’ experience in the area of Over 25 years of mining experience Over 25 years’ experience in the corporate reconstruction, in Brazil. P .Geo, a lawyer, and an natural resources sector. Former turnaround, and performance independent member of several CEO of Asia Resource Minerals plc improvement, alongside 20 years in TSX-ASX listed companies. (formerly Bumi plc), a FTSE listed the mining industry. mining company, where he played a Founder and Managing Partner of significant role in restructuring the Founder of numerous ASX-listed FFA Legal, focused solely on natural group. companies and managed the resources companies. reorganisation, recapitalisation and Former Deputy Chairman of Berau Co-Founder of Avanco Resources listing of over 20 companies. Coal, one of Indonesia’s largest coal sold to Oz Minerals for $430 million. producers. Previously he was a Founding director of venture capital VP of the Brazilian National senior executive at Anglo American and advisory firm Garrison Capital Conference of Industry’s Mining plc and De Beers, where he worked Pty Ltd. Council. for over 20 years. Rio Verde Minerals; Harvest Currently Executive Chairman of Arc Minerals, Jangada Mines, Talon Minerals Limited, a UK listed Metals, Brazilian Gold. company and Chairman of Fodere Group, a private mining company. 3 Jangada Mines plc | Q2 2020
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 • Single exploration license covering 1,093 hectares TECHNICAL REPORT • JORC Exploration Target range from 40Mt to 60Mt tonnes at 0.3% to 0.6% V 2 O 5 , 40% to 55% Fe 2 O 3 and 8 to 10% TiO 2 . MINERALISATION • Typical Vanadiferous Titanomagnetite (VTM) style of mineralisation with vanadium minerals associated with magnetite-rich zones hosted within the Troia mafic/ultramafic sequence METALLURGY • Positive Davis Tube Recovery results demonstrating amenability of ore to conventional magnetic separation EXCELLENT JURISDICTION FOR EXPLORATION AND MINING • Supportive local and state governments / established infrastructure 4 Jangada Mines plc | Q2 2020
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 • Industrial free trade area for • including road, rail and power exporting that provides tax and exchange benefits Three identified routes to ports • CEARÁ PECEM located at free trade zone – Simplified administrative • FORTALEZA including Pecem seaport, a procedures, which positively impact the product's selling major bulk handling port margins and bring additional Pecem is 352km from site and • competitive advantages to Jangada accessible via a federal paved highway Trained and skilled workforce • PITOMBEIRAS readily available PECEM PORT: Complete infrastructure with capacity to move 750k EUTs per year • An artificial external port for mixed use with a total movement capacity of 750k Equivalent Unit of Transport (EUT) • Partnered with the Port of Rotterdam 5 5 Jangada Mines plc | Q2 2020
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 spaced S-N lines, with measurement points at each 50 m Soil Sampling Along 43 x 100 m spaced S-N lines, with stations at each 50 m Geological Mapping Highly detailed approach covering the entire tenement area Diamond Drilling 1,360 m of drilling with 19 drill holes concluded on Q1/2020. 688 analysis Dry Density Study 305 core samples ONGOING – RESULTS EXPECTED DURING H2 2020 JORC Mineral Resources PEA 6 Jangada Mines plc | Q2 2020
SUBSTANTIAL EXPLORATION UPSIDE FAVOURABLE REGIONAL GEOLOGY TRANSLATES INTO SCALABILITY JORC Exploration Target has been estimated from recent drilling, magnetic and rock chip geochemistry to range from 40Mt to 60 Mt tonnes at 0.3% to 0.6% V 2 O 5 , 40% to 55% Fe 2 O 3 and 8 to 10% TiO 2 Layered and massive vanadium-bearing magnetite body • associated with large airborne magnetic anomaly Three mineralised bodies associated with high- • magnetic anomalies Structural and geophysical interpretation supports • lateral and downdip extension of the known mineralisation to the north and east directions Potential exists to delineate additional magnetic • sources Lithological and chemical/grade consistency between • drill holes further support continuity • Potential high grade vanadium, titanium and iron project development Attractive mass recovery producing high-grade • vanadium magnetite concentrates (Davis Tube Recovery test) 7 Jangada Mines plc | Q2 2020
MAGNETIC ANOMALY TARGETS EIGHT NEW TARGETS IDENTIFIED • Recent work has discovered a new target – Goela • Substantial footprint added to the overall prospect beyond the previously announced JORC Exploration Target • Ongoing work to investigate if Pitombeiras (170,000m 2 ) and Goela (80,000m 2 ) are linked and form one large deposit • Other smaller-size magnetic anomalies have been confirmed on an infill ground magnetic phase 8 Jangada Mines plc | Q2 2020
EXECUTED DRILLING PROGRAMME TESTING VTM STRUCTURAL CORRIDOR • 345.15-metre drilled in 2019 plus 1,360.80-metre drilled in 2020, for a total of 1,705.95-metre of diamond drilling • Drilling programme tested three of most prospective magnetic targets associated with outcropping VTM mineralisation • Average grades and apparent widths for all 13 mineralised holes received to date stand at 0.535% V2O5, 10.58% TiO2 and 56.19% Fe2O3 over 31.34 metres Total Exploration Total Diamond Target Metres Drill Holes Pitombeiras North 14 1,232.90 Pitombeiras South 2 171.10 Goela 8 301.95 Total 24 1,705.95 9 Jangada Mines plc | Q2 2020
DRILLING RESULTS – PITOMBEIRAS NORTH CONSISTENT , HIGH GRADE MINERALISATION CONFIRMED AT SURFACE AND AT DEPTH High-grade zones contains V 2 O 5 intercepts of 0.81%, 0.75 % and 0.74 % over a 7.0 m, 14.0 m and 13.25 m intervals, respectively Fresh massive VTM mineralisation on drill hole DD20PI16 at 18.00 metres depth 10 Jangada Mines plc | Q2 2020
DRILLING SECTIONS CONSISTENT , HIGH GRADE MINERALISATION CONFIRMED AT SURFACE AND AT DEPTH • High grade mineralisation commences at surface and remains open along the strike • Geological model is consistent with other globally significant vanadium deposits 11 Jangada Mines plc | Q2 2020
POSITIVE METALLURGY TESTS DAVIS TUBE TEST • Davis Tube Test is considered by metallurgists RESULTS to be a simulation of industrial wet magnetic separation Concentrate Pitombeiras Ore V 2 O 5 Grade 1.24% • Key findings Fe 2 0 3 Grade Two samples submitted from Pitombeiras 95% • responded exceptionally well and Recovery 61% demonstrate the ore’s suitability to be processed by magnetic separation TiO 2 Grade 33.75% Results indicate a conventional processing • SiO 2 0.74% route producing high quality concentrate is feasible AI 2 O 3 2.08% Mass recovery was 59% and 62% with grades • MgO 0.68% of 1.26% and 1.23% V 2 O 5 respectively Low concentration of deleterious elements in • concentrate Vanadium- bearing massive magnetite rock 12 Jangada Mines plc | Q2 2020
Recommend
More recommend
