Mining Licence
In June 2021, the Brazilian National Mining Agency granted a trial mining license for Pitombeiras, which allows for the extraction of up to 300,000 tonnes of Ferrovanadium (‘FeV’) bearing material per year from Jangada’s exploration license. This enables the Company to continue to evaluate the technical aspects and economic benefits of the Project.
A pilot operation under the trial mining license can be developed with a starter open pit operation utilising a contract mining fleet of hydraulic excavators, front-end loaders, 30 tonnes haul trucks, rotary drill rigs and ancillary equipment. The selected beneficiation process route is composed by crushing and screening, and dry magnetic concentration.