About
Jangada is a natural resource development company listed on AIM of the London Stock Exchange (AIM:JAN) with assets in Brazil. It is led by a team with deep industry, financial and in-country experience, and has a dual growth strategy to:
- Advance its portfolio projects including the high-grade Molly and Paranaíta Gold Projects and the 100%-owned Pitombeiras vanadium titanomagnetite Project
- Utilise its proven in-country and geological expertise to identify/acquire additional projects that it can rapidly advance to build value for shareholders.
The Company is currently focussed on advancing both the Molly Gold Project and the Paranaíta Gold Project.
The 6,656-hectare Molly Gold Project is located in Brazil’s prolific Tapajós Gold Province, a district known for multi-million-ounce deposits and significant historical production. Centred on the high-grade Molly 1 target, drilling has confirmed a near-surface epithermal gold system with standout intercepts including 6.5m at 10.5g/t and 1m at 200g/t. The project hosts a JORC (2004) Inferred Resource of approximately 130,000 ounces, with mineralisation extending from surface to around 150m depth over a 400m strike length and remaining open. Geophysics indicates the system extends at least 500m further west toward Molly 2, highlighting strong expansion potential within a larger mineralised corridor. Drilling will test these extensions and seek to upgrade and grow the current resource, supporting the potential for a future multi-pit development.
7,211-hectare Paranaíta Gold Project, which is a gold-rich porphyry-epithermal system with extensive historical data, artisanal mining history and structural similarities to nearby producing high grade gold deposits. The Board believes that the alignment of widespread gold mineralisation, coincident geochemical anomalies, and their correlation with magnetic structures indicated on the results of the exploration conducted on the Paranaíta Gold Project thus far strongly indicates the potential for a large-scale gold deposit. The Company is currently conduction exploration and development work to test multiple gold-bearing structures that remain open in all directions, with the objective of rapidly scaling up the resource base and unlocking the broader potential of the Paranaíta Gold Project.
Additionally, the Company owns 100% of the Pitombeiras vanadium titanomagnetite (VTM) project in the state of Ceará, Northeast Brazil. In April 2022, the Company published a headline 100.3% post-tax Internal Rate of Return ('IRR'), and a US$96.5 million post-tax Net Present Value ('NPV') (8% discount rate) with a 13-month payback for the Project. The report demonstrated Pitombeiras' potential to be a profitable VTM producer with no geological, economic, or legal impediment to proceeding to production.