The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It is a point of note, as part of my research, is the significant number of licence areas that Jangada have. Which currently are completely untouched in regards to modern research modelling and similar to the Vanadium potential being explored at Ptombeiras West, it wouldn’t be a huge surprise to find another exciting prospect sits within Jangada’s territory, is it is basically a geological dream zone,....GL S.
“As a result of its complex political and social history, allied to geographical challenges, Brazil is largely un-explored by global standards. Less than 20% of its area is geologically mapped in real detail (better than 1:250k scale) and as such many discoveries of large footprint bulk commodities, like the metals Hill mentions, have been recently found very close to infrastructure - Horizonte Minerals’ Araguaia Nickel Laterite Project is a good example of this. “This also highlights the potential to find major new deposits of the commodities that generally have smaller footprints such as gold, platinum and palladium” adds Hill. Advances in remote sensing and airborne geophysics will allow serious explorers to fast track target generation and start placing geologists in the field. Hence the timeline to discovery may well improve on the back of a more agile ANM.“
“Hill also highlights significant outsourcing of professional level skills as a means of reducing costs amid a returning sense of optimism in Brazil driven by a potential copper boom in the north and, since the election, renewed interest from foreign companies looking for exploration and investment opportunities. The revolution in skillsets needed by the sector will be driven by the majors betting on demand from the electric vehicle (EV) industry for battery metals to drive its fortunes. “The current flavour of the month is copper,” says Hill. “But I see nickel, cobalt, graphite, lithium, vanadium, manganese, tin and REE´s as all being coveted by the technology sector in general.”
An interesting insight into all things mining in Brazil and the current wave of optimism that is sweeping through the sector, by Jon Hill the CEO from Jaguar, who are also Pedra Branca focussed, in close proximity to Jangada,....GL S
“All of which leaves Hill positive about the sector’s future in Brazil. “I believe momentum is increasing in exploration on the back of a new government voted in for change and the rising gold price. The industry has had many false starts but is now better positioned, so if the National Mining Agency can demonstrate it is serious about attracting investment, as seen at the last edition of PDAC, then I am quietly confident. The sector needs to be balanced - more junior´s and mid-tiers are required to actively funnel sustainable quality projects through the value chain.If the increasing quantity of expressions of interest in exploration and mining in Brazil being received at my company Exploration Outcomes are any indication of where the sector is heading in 2019, then I am very optimistic looking forward.”
https://www.miningglobal.com/mining-sites/jaguar-mining-mining-world-digs-thriller-brasilia
Oz very active on the ground, which further underlines how much focus is on the region and it’s mineral potential, one to keep an eye on in my opinion, taking into account the various connections with the Jangada team,...GL S
Pedra Branca
“DFS works continued inclusive of Mineral Resource updates and mining studies. Resource delineation drilling was completed at Pedra Branca East with four drill rigs successfully completing ~9,000m, aimed at increasing tonnages of higher confidence mineralisation in the upper zone of the ore body, aligned with the PFS study recommendations.”
“Preliminary mine optimisation studies aimed at identifying the best value proposition in terms of mine scale and design progressed. Improvements in ramp design (reduced development), lateral develop size (reduced size, reducing cost and dilution) and a preference for longitudinal stoping (reduced backfill) are to be adopted.”
“Work in Q2 will focus on completing the Mineral Resource update and underground mine plan optimisation ‘Hill of Value’ study (optimal mine cut off and mine scale).“
https://www.ozminerals.com/uploads/media/190412_ASX_Release_-_OZL_Q1_2019_Report.pdf