Vanadium Project Highly Exposed to PGM Upside through ValOre - PowerPoint PPT Presentation

Advancing the Pitombeiras Vanadium Project Highly Exposed to PGM Upside through ValOre Holding CORPORATE PRESENTATION PDAC 2020

INVESTMENT HIGHLIGHTS Focused on the exploration and development of the highly prospective Pitombeiras Vanadium Project. Exposed to the prolific Pedra Branca PGM Project through a 26% ownership of ValOre STRATEGY Metals Corp. (TSX‐V : VO) 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 ongoing exploration programme and PEA delivery in Q1 2020 Favourable mining jurisdiction with mineral rights and surface access secured Management with proven development and permitting track record in Brazil Currently short-term liquidity equivalent to Market Capitalization 2 Jangada Mines plc Q1 2020

BOARD & CORPORATE STRUCTURE Capital Structure (*) LON:JAN Liquidity Ordinary Shares 237,315,053 26% interest in Valore Metals Shares (*) C$6.2 million Market Cap in GBX (*) ₤4.9 million Cash Position (**) C$1.5 million Market Cap. in CAD (*) C$8.5 million Total Liquidity in CAD (*) C$7.7 million Directors Shareholding 46.3% Total Liquidity in GBX (*) ₤4.5 million Equity not in public hands 72.5% (*) February 27, 2020; (**) As at December 2019 plus ValOre last C$1.0M payment received Feb 2020 Brian McMaster Luis Azevedo Louis Castro Nicholas von Schirnding Exec Director Executive Chairman Ind. Non-Exec Director Ind. Non-Exec Director Over 30 years’ experience in 20 years’ experience in the area of Over 25 years of mining experience in Over 25 years’ experience in the accounting and corporate finance in Brazil. P.Geo, a lawyer, and an corporate reconstruction, turnaround, natural resources sector. Former CEO both the UK and overseas. Non- and performance improvement, independent member of several TSX- of Asia Resource Minerals plc Executive Director of AIM quoted ASX listed companies. alongside 20 years in the mining (formerly Bumi plc), a FTSE listed Stanley Gibbons plc and recently was industry. mining company, where he played a Founder and Managing Partner of FFA the CFO at AIM quoted Eland Oil & significant role in restructuring the Founder of numerous ASX-listed Legal, focused solely on natural Gas plc. group. resources companies. companies and managed the Former Managing Director of reorganisation, recapitalisation and Former Deputy Chairman of Berau Co-Founder of Avanco Resources sold Northland Capital Partners in London, listing of over 20 companies. Coal, one of Indonesia’s largest coal to Oz Minerals for $430 million. he was also the Head of Corporate producers. Previously he was a senior Founding director of venture capital VP of the Brazilian National Finance at Matrix Corporate Capital executive at Anglo American plc and and advisory firm Garrison Capital Pty and Insinger de Beaufort. Conference of Industry’s Mining De Beers, where he worked for over Ltd. Council. 20 years. He has led numerous public listings and has chaired the audit committee Rio Verde Minerals; Harvest Minerals, Currently Executive Chairman of Arc Jangada Mines, Talon Metals, Brazilian for Eland Oil & Gas plc and Pan Minerals Limited, a UK listed company Gold. European Terminals plc. and Chairman of Fodere Group, a private mining company. 3 Jangada Mines plc Q1 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 • 3 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 60 Mt tons 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 mineralization 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 Q1 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 PECEM CEARÁ • located at free trade zone – Simplified administrative FORTALEZA including Pecem seaport, a major procedures, which positively impact the product's selling bulk handling port margins and bring additional • Pecem is 352km from site and competitive advantages to accessible via a federal paved Jangada 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 Q1 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 measurement points at each 50 m ONGOING – RESULTS EXPECTED DURING Q1 2020 Geological Mapping Highly detailed approach covering the entire tenement area Diamond Drilling 2,500 m of drilling with 25 drill holes covering a grid of 50 m x 100 m Topographic Survey & Bulk Density Study Additional Davis Tube Recovery Test & Metallurgic Testwork JORC Mineral Resources & PEA FEASIBILITY STUDY 6 Jangada Mines plc Q1 2020

SUBSTANTIAL EXPLORATION UPSIDE FAVOURABLE REGIONAL GEOLOGY TRANSLATES INTO SCALABILITY • Only 600m of approximately 2,000 metres-long magnetic anomaly tested by drilling so far • Structural and geophysical interpretation supports lateral and downdip extension of the known mineralisation to the north and east directions • License area covers the entire main magnetic anomaly with unrestricted surface access. • Potential exists to delineate additional magnetic sources • Lithological and chemical/grade consistency between drill holes further support continuity • Potential high volume, high grade vanadium iron project development 7 Jangada Mines plc Q1 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 selected for the second 25m line-spacing infill ground magnetic phase 8 Jangada Mines plc Q1 2020

GEOLOGY & EXPLORATION TARGET SIGNIFICANT EXPANSION POTENTIAL JORC Exploration Target has been estimated from recent drilling, magnetic and rock chip geochemistry to range from 40Mt to 60 Mt tons 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 • Good outcrop defined by topographic expression of iron-rich mineralized body • Outcrop has been the focus of recent exploration with surface expression of 600m x 100m to 200m • Magnetic anomaly extends 1,750m x 970m consistent with structural interpretation and potential ore body continuation • Rock chip-sampling demonstrated remarkable chemical consistency along outcrop Drilling Intersections • Initial drill holes confirmed preliminary extent and mineralized consistency • Attractive mass recovery producing high-grade vanadium magnetite concentrates (Davis Tube Recovery test) 9 Jangada Mines plc Q1 2020

ONGOING DRILLING PROGRAMME TESTING VTM STRUCTURAL CORRIDOR • 2,500-metre ongoing drilling programme • Programme testing the three most prospective magnetic anomalies over a NE-SW structural trend • 25 to 30 drill holes on a drilling grid of 100m by 50m 10 Jangada Mines plc Q1 2020

DRILLING RESULTS CONSISTENT, HIGH GRADE MINERALISATION CONFIRMED AT SURFACE AND AT DEPTH • High-grade zones contains an average of 0.78% V 2 O 5 , 13.14% TiO 2 and 48.69% Fe 2 O 3 % over a 13.03 m average downhole width Drill Hole Thickness (m) V 2 O 5 % Fe 2 O 3 % TiO 2 % DD19PI07 28.00 0.45 47.29 9.49 DD19PI08 41.05 0.41 40.48 7.94 DD19PI09 31.90 0.58 57.41 11.74 DD19PI10 31.50 0.51 51.01 10.30 DD20PI11 32.18 0.55 53.22 10.79 DD20PI12 38.00 0.56 54.90 11.31 Average 33.77 0.51 50.45 10.20 Intervals do not represent the true widths V 2 O 5 , TiO 2 and Fe grades are uncut Massive VTM mineralisation on drill hole DD20PI11 at 23.85 metres depth 11 Jangada Mines plc Q1 2020