RE: Major gold asset acquired for $5per oz vs a $5,000+ per oz gold price.9 Feb 2026 08:45
I believe this can be trading north of 10p this year
Further assays coming shortly. A lot of them.
· Remainder of drilling assay results expected in February 2026;
· Exploration results reaffirm Company view of Paranaíta's ability to materially expand on existing open-pitable JORC Resource of 210,000 oz Au @3.165 g/t.
High grade and very shallow mineralisation
The trenching programme, while primarily focused on identifying geological structures, returned encouraging gold grades from soil samples. When combined with previous results and historical artisanal mining data, the trenching programme confirmed a NE-SW trending mineralised structure extending over more than 800m in strike length and up to 100m in depth at the TP-02 target.
Preliminary results are meeting expectations and confirming the Project's potential, with several additional promising targets having been identified for future exploration.
JORC+ Resource upgrade coming shortly
Assay results from the remaining holes from the drilling programme are expected this month. Once received and in tandem with GE21, detailed geological modelling will take place to ascertain the next step of resource delineation, following which the remainder drill holes of the programme will be planned with the aim of strategically expanding the current mineral resources.
Open pit mining, previously mentioned 20,000oz production per annum.
Jangada CEO, Paulo Misk, said: "Supported by the current favourable gold market conditions, initial results from Paranaíta reinforce our confidence in achieving the objective of defining a shallow open-pit mining opportunity at the Paranaíta Project.