Member Info for B_Positive

Don't get caught out

FYI

£2-3m shareholding in the JV company, which will 10x from here, so no issues there.

I bet a huge Hanc0ck Joint Venture drops soon as well. :)

Damn, big name and very bullish tease

Brian McMaster, Chairman of Jangada Mines, commented: "We are delighted to welcome Hugo to the Board at what is an exciting juncture for Jangada Mines. We are at an inflection point and his knowledge of the markets and extensive network in the finance and resource arenas, particularly in the UK, will be invaluable as we build out our gold development strategy in Brazil and deliver value for our shareholders.

"The Paranaíta Gold Project represents an exceptionally compelling opportunity, and with the recent appointment of Paulo Misk as our Brazil-based CEO, we now have the team in place to deliver on our ambitions. Our fully funded exploration campaign is progressing rapidly: we have completed 3,100 metres of trenching, identified multiple mineralised veins with visible gold, and now have two drill rigs operating on site. I look forward to providing regular updates to the market as we build momentum and create value for all stakeholders."

We know back when Lizhill closed down from $5oz Silver they had a 1999 JORC -

Historical Resource Estimate:

Tonnage: 46,800 tonnes

Grade: 2,700 g/t Ag

Contained Silver: 4.05 Moz

This of course must have just been the core stope area ..so how many more oz over the whole discovery if say open pit

10.0m+oz resource taking shape

Bring on news and 10-20p a share in 2026.

+500-800 sample results from high grade gold zones

+Trenching results

+15 holes diamond drilling ~ 1800m which commenced last month

+Wider exploration already underway showing signs of a widespread mineralisation with visible gold

+Preliminary Economic Assessment report - AISCmay be as low as $700-1000 going by others in the area

+JORC compliant resource conversion of the existing 210,000oz resource

+Resource upgrade to 350,000oz JORC

+20,000oz p/a production plans

+Project ownership to over 50%

+Outlining exploration plans for 1,000,000+oz target

Makes even 5p a share sound stupidly undervalued once these start coming in

"Misk brings approximately 40 years of mining experience across various commodities including gold, lithium, vanadium, titanium, and niobium. His previous leadership positions include serving as Chief Operating Officer at Lithium Ionic and CEO at Largo Inc., where he reportedly led a turnaround that transformed the company from near-bankruptcy to achieving $316 million in net income within two years.

"Paulo is uniquely equipped to lead our next phase of growth," McMaster said in the announcement. "His immediate focus will be to accelerate the development of the Paranaíta Gold Project in Brazil."

Misk’s career includes senior roles at Anglo American (JO:AGLJ), AMG Mineração, and RHI Magnesita. He has also held industry leadership positions as President of the Mining Companies of Bahia Association and board member of the Brazilian Mining Institute (IBRAM)."

Jangada CEO, Paulo Misk, said: "With trenching now complete and having confirmed further visually mineralised vein systems, we are pleased to announce the launch of our inaugural drill programme at the high-grade Paranaíta Gold Project. This 15-hole, 1,800-metre campaign will focus on two of the six identified high-grade, near-surface zones. Our immediate goal is to expand the current resource to approximately 350,000 ounces of gold. However, with multiple additional targets across the broader project area, we believe there is significant potential for further resource growth through continued exploration.

"In the current gold price environment, high-grade, shallow deposits are especially attractive, as they typically fall at the lower end of the capital cost curve and offer robust margins with strong value potential. We believe Paranaíta exemplifies these characteristics. Accordingly, we look forward to fast-tracking its development and that continued success will underpin a meaningful revaluation of Jangada."

Like the project transaction shares, the 500k would be subject to a lock-in, so that combined with an increase of ownership would do down very well with the market.

So much to come shortly and this time you have a significantly stronger silver price.

Plus the drilling scope is 3x larger than the last.

So this stock can soar quickly without warning.

I see UFO as something that has barely begun its recovery curve and thus I am very bullish from here for several reasons.

1. It has retained notable interests in all of its major assets, Hanc0ck, Elizabeth Hill and PGMs.

2. The market cap is extremely low for multiple high grade Australian mining projects with JORCs

3. The Hanc0ck asset has a large JORC resource, has had the BHP objection removed and the region is seeing a ton of M&A for Iron

4. The Elizabeth Hill project is being aggressivel drilled and developed at no cost to this company and is returning world class grades higher than most silver assets in Australia

5. PGMs potential is extremely exciting and has a JORC 2006 code already

6. Iron price is strong and steady

7. Silver price is very strong and considerably stronger than it was recently

8. PGM price is strong and gaining

9. £2.5m cash in WCS stocks

10. Just initial drilling of the silver asset alone got the shares to 0.3 and we know theres more to come across the entire portfolio

Let's assume for some reason JAN's ASIC was double Altamira (which is underground) and was like $1500 per oz.

Let's assume for some reason the gold price rather than going to $5000+ like forecasted retraces 35% down to $3000 per oz.

Even in such a scenario which looks incredibly unlikely, the margin would still be huge at $1500.

+70% odd corporate tax relief.

Crazy margin of safety either side of the spectrum with both costs and the gold price.

Bring on news and 10-20p a share in 2026.

+500-800 sample results from high grade gold zones

+Trenching results

+15 holes diamond drilling ~ 1800m which commenced last month

+Wider exploration already underway showing signs of a widespread mineralisation with visible gold

+Preliminary Economic Assessment report - AISCmay be as low as $700-1000 going by others in the area

+JORC compliant resource conversion of the existing 210,000oz resource

+Resource upgrade to 350,000oz JORC

+20,000oz p/a production plans

+Project ownership to over 50%

+Outlining exploration plans for 1,000,000+oz target

Makes even 5p a share sound stupidly undervalued once these start coming in

"Misk brings approximately 40 years of mining experience across various commodities including gold, lithium, vanadium, titanium, and niobium. His previous leadership positions include serving as Chief Operating Officer at Lithium Ionic and CEO at Largo Inc., where he reportedly led a turnaround that transformed the company from near-bankruptcy to achieving $316 million in net income within two years.

"Paulo is uniquely equipped to lead our next phase of growth," McMaster said in the announcement. "His immediate focus will be to accelerate the development of the Paranaíta Gold Project in Brazil."

Misk’s career includes senior roles at Anglo American (JO:AGLJ), AMG Mineração, and RHI Magnesita. He has also held industry leadership positions as President of the Mining Companies of Bahia Association and board member of the Brazilian Mining Institute (IBRAM)."

Jangada CEO, Paulo Misk, said: "With trenching now complete and having confirmed further visually mineralised vein systems, we are pleased to announce the launch of our inaugural drill programme at the high-grade Paranaíta Gold Project. This 15-hole, 1,800-metre campaign will focus on two of the six identified high-grade, near-surface zones. Our immediate goal is to expand the current resource to approximately 350,000 ounces of gold. However, with multiple additional targets across the broader project area, we believe there is significant potential for further resource growth through continued exploration.

"In the current gold price environment, high-grade, shallow deposits are especially attractive, as they typically fall at the lower end of the capital cost curve and offer robust margins with strong value potential. We believe Paranaíta exemplifies these characteristics. Accordingly, we look forward to fast-tracking its development and that continued success will underpin a meaningful revaluation of Jangada."

Looking for this to be sitting between 3p and 5p by year end and then north of 5p early in 2026 when that JORC upgraded resource drops.

6-7p finish and 10p+ on deal next week

Congrats to those who bought the dips and held.

Patience about to be rewarded and then some.

PGM prices soaring too

Russia calling it in

US calling it in

Ukraine conceding

Deal signed next week is the word

This is it

Bring on next week as I anticipate we will see news coming in, there is a lot to come.

+500-800 sample results from high grade gold zones

+Trenching results

+15 holes diamond drilling ~ 1800m which commenced last month

+Wider exploration already underway showing signs of a widespread mineralisation with visible gold

+Preliminary Economic Assessment report - AISCmay be as low as $700-1000 going by others in the area

+JORC compliant resource conversion of the existing 210,000oz resource

+Resource upgrade to 350,000oz JORC

+20,000oz p/a production plans

+Project ownership to over 50%

+Outlining exploration plans for 1,000,000+oz target

Makes even 5p a share sound stupidly undervalued once these start coming in

"Misk brings approximately 40 years of mining experience across various commodities including gold, lithium, vanadium, titanium, and niobium. His previous leadership positions include serving as Chief Operating Officer at Lithium Ionic and CEO at Largo Inc., where he reportedly led a turnaround that transformed the company from near-bankruptcy to achieving $316 million in net income within two years.

"Paulo is uniquely equipped to lead our next phase of growth," McMaster said in the announcement. "His immediate focus will be to accelerate the development of the Paranaíta Gold Project in Brazil."

Misk’s career includes senior roles at Anglo American (JO:AGLJ), AMG Mineração, and RHI Magnesita. He has also held industry leadership positions as President of the Mining Companies of Bahia Association and board member of the Brazilian Mining Institute (IBRAM)."

Jangada CEO, Paulo Misk, said: "With trenching now complete and having confirmed further visually mineralised vein systems, we are pleased to announce the launch of our inaugural drill programme at the high-grade Paranaíta Gold Project. This 15-hole, 1,800-metre campaign will focus on two of the six identified high-grade, near-surface zones. Our immediate goal is to expand the current resource to approximately 350,000 ounces of gold. However, with multiple additional targets across the broader project area, we believe there is significant potential for further resource growth through continued exploration.

"In the current gold price environment, high-grade, shallow deposits are especially attractive, as they typically fall at the lower end of the capital cost curve and offer robust margins with strong value potential. We believe Paranaíta exemplifies these characteristics. Accordingly, we look forward to fast-tracking its development and that continued success will underpin a meaningful revaluation of Jangada."

"The underground mine will operate using the sublevel stoping method, while the processing plant will use the CIL (Carbon-In-Leach) process. The AISC is US$ 791/oz of gold produced.”

Main takeaway is the All in sustained cost of $791 per oz of gold produced.

Note- their mine is underground not open pit so hopefully Jan costs lower."

Wow great digging. Very low cost region and also not Africa which is a plus.

I am aware that mining projects in this area are also eligble for a 75% corporate tax reduction as part of the incentive. This is detailed in the latest company presentation.

Jangada CEO, Paulo Misk, said: "With trenching now complete and having confirmed further visually mineralised vein systems, we are pleased to announce the launch of our inaugural drill programme at the high-grade Paranaíta Gold Project. This 15-hole, 1,800-metre campaign will focus on two of the six identified high-grade, near-surface zones. Our immediate goal is to expand the current resource to approximately 350,000 ounces of gold. However, with multiple additional targets across the broader project area, we believe there is significant potential for further resource growth through continued exploration.

"In the current gold price environment, high-grade, shallow deposits are especially attractive, as they typically fall at the lower end of the capital cost curve and offer robust margins with strong value potential. We believe Paranaíta exemplifies these characteristics. Accordingly, we look forward to fast-tracking its development and that continued success will underpin a meaningful revaluation of Jangada."

From my research of nearby companies the AISC could be as low as $800-1200.... Vs a gold price of $3000, or $4000, or $5000, or $6000.

I am expecting exceptional economics already early into the development..all backed by a sizeable JORC resource.

Danners, he means production plans and implementation via the PEA report. That's how quick this new CEO is working, utlising his advantage of being a Brazillian national, as well as some serious clout at the likes of Anlgo American.

"Misk brings approximately 40 years of mining experience across various commodities including gold, lithium, vanadium, titanium, and niobium. His previous leadership positions include serving as Chief Operating Officer at Lithium Ionic and CEO at Largo Inc., where he reportedly led a turnaround that transformed the company from near-bankruptcy to achieving $316 million in net income within two years.

"Paulo is uniquely equipped to lead our next phase of growth," McMaster said in the announcement. "His immediate focus will be to accelerate the development of the Paranaíta Gold Project in Brazil."

Misk’s career includes senior roles at Anglo American (JO:AGLJ), AMG Mineração, and RHI Magnesita. He has also held industry leadership positions as President of the Mining Companies of Bahia Association and board member of the Brazilian Mining Institute (IBRAM)."

JAN is more advanced than MILA. This already has a 210,000oz resource. This resource is in the process of being converted into a JORC as well as being upgraded to around 350,000oz JORC resource via the current fully funded drilling campaign which commenced last month. Plus the preliminary economic assessment is being worked in tandem with figures of a 20,000oz annual gold production mentioned already.

As far as I can see, MILA has no confirmed gold resources and is still in very early exploration?

Updates and plenty of news to come. Many expect next week we see things kick off.

Current mcap is a fraction of companies who have 0 gold.