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or turkey.. ha ha

last one.. Executive chairman Brian McMaster is more than pleased with that outcome, but the real value, he says, still lies down the tracks. Jangada’s key asset is the Pedra Branca platinum group metals project in Brazil, formerly owned by Anglo Platinum, and already boasting a resource of just under 1 mln ounces of platinum group metals and gold. “The strength of this project is its provenance,” says McMaster. “We not only own the land and the licenses, we own all the work. And we expect to have a prefeasibility study done by the end of the year.” There are two things to say about that. The first is that this is clearly not an exploration play, but a development play. The platinum is there, it’s in JORC resource, and the work is solid. “It’s a platform for production,” says McMaster. “We are planning for 30,000 ounces per year. The second thing to say is that platinum group metals projects outside South Africa and Zimbabwe are so rare as to be highly noteworthy. Pedra Branca may be small at this stage, but because it will be mined from an open pit it will likely be lower cost than larger South African peers, and by some considerable margin. Or to put it in even starker terms: this platinum group metals mine is likely to make a profit, where most others in the world do not. An early indication of how much profit the mine will make will be evident when the company releases a scoping study in a couple of months. The numbers from that ought to provide comfort ahead of the full pre-feasibility work, which will be done by the end of the year. What happens after that is an open question. There is, of course, the option of taking the project on to a bankable study. But McMaster isn’t sure that will be necessary. Estimates from London broker Beaufort put the likely capital expenditure to get the mine built at US$30 mln, and McMaster is an experienced financier, having built up and sold mining companies across the world. “We’ve got a gold project in Mongolia that’s not as advanced as Pedra Branca, but that’s getting finance,” he says. “I’m not sure we’ll need to go to fully BFS here.” In addition to the pre-feasibility modelling, lenders and equity investors will be able to draw comfort from the 12 years of data on show from Anglo Platinum, and the US$35 mln that’s already been spent on the project. Anglo Platinum were ultimately after bigger fish, but that needn’t bother Jangada. “We can upgrade through exploration,” says McMaster. “But that’s not our focus.” Instead, what we’re looking at here is a small, highly cash generative mining operation that could be moving towards a development decision as early as next year, and which is likely to be immune from any downside in the platinum price. On the other hand, if platinum moves the ot

have a very good NY..

vox

Jangada Mines plc, a natural resources company developing South America's largest and most advanced platinum group metals ('PGM') project, Brian McMaster, Executive Chairman of Jangada said, "This is a significant milestone for the Company on its road to near-term production... The largest undeveloped PGM projects outside of Africa, with the potential to supply a market in long-term deficit. The Company is aiming to establish a low cost, low capex open pit mine, with a target to produce 30,000 oz/annum by the end of 2018 from three existing mining licences with mineralisation commencing at surface. Additionally, the Company owns a further 44 exploration licences spanning 55,000 hectares, which have significant upside potential for PGM, nickel, copper, chrome, rhodium, gold, and vanadium. The team has a wealth of experience, not only of the Project but of mining in South America across a range of commodities. Previous operators have spent more than USD35 million on exploration and development activities, which include more than 30,000 metres of diamond core drilling, geophysical surveys and metallurgical tests. The current resources are at surface and Jangada is currently preparing a pre-feasibility study assuming shallow open pit mining and conventional processing methods. https://www.**********.co.uk/blogs/3-reasons-to-add-jangada-mines-jan-to-your-watchlist/

Pedra Branca Platinum/Palladium Project - Brazil During the second quarter of 2015, Solitario terminated its joint venture with Anglo Platinum Ltd., “(Anglo”) on Pedra Branca Mineracao, Ltd. (PBM), the owner of the Pedra Branca project in Brazil and transferred its interest in the project to Garrison Capital Partners Limited. Solitario retained a 1% royalty on the Pedra Branca project.

Amplats' exit from Brazil platinum prospect sparks London listing jOHANNESBURG (miningweekly.com) – The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson Brian McMaster has told the London Telegraph that South African supply is “only going to go one way” and that investors will benefit from Amplats walking away from $35-million worth of investment the Johannesburg Stock Exchange company has already made in the project. Jangada is currently owned by McMaster and two partners, one of whom was the MD on the project under Amplats, says the report in the Telegraph, which speculates that Jangada could capitalise on the recent unrest in the South African mining industry, plus the onerous new government regulations and soaring costs. The Brazilian deposits at surface are amenable to low-cost conventional opencast mining, with initial production targeted in the third quarter of 2018, says the company, which intends using the money it raises to fast-track the Pedra Branca exploration project in northeastern Brazil. South Africa’s platinum industry, which has invariably kept competitors at bay through its dominance, is now opening the door wider for new entrants as it buckles under the strain of low prices. The total Brazilian project area covers 55 000 ha and includes three mining licences and 44 exploration licences, with 55% of current compliant resources contained within the current mining licence area. The project is on the highway from the port city of Fortaleza and has all the required energy, water, telephone and Internet access, Jangada says on its website. Chrome, rhodium, nickel, copper and vanadium-titanium mineralisation have also been identified. Strand Hanson is acting as nominated financial adviser and Beaufort Securities is broker to Jangada.

2010 Annual Report Anglo Platinum has the option to earn an additional 9% interest in PBM (for a total of 60%) by funding a further $10.0 million on exploration and development. However, Anglo Platinum is not required to fund any future exploration expenditures. After Anglo Platinum has spent $17 million, we would fund our 40% share of feasibility expenses. Anglo Platinum has the option to earn an additional 5% interest (for a total of 65 %) by arranging for 100% financing to put the project into commercial production after completion of a feasibility study. 2010-2011 Exploration Our 2010 drilling program got started later than planned due to the scarcity of available drill rigs in Brazil. In fact, drilling did not begin until November 2010, with most of the 25-hole, 2,100 meter core drilling program completed during the first quarter of 2011. This program tested four new targets and also expanded the drilling patterns at the Curiu, Cedro and Trapia prospects. As of the printing of our 2010 Annual Report, most of the drill hole assay results are still pending from the laboratory. Details of the 2011 exploration program are still being developed. Additional drilling and scoping level studies that include resource estimation, metallurgy and preliminary infrastructure engineering are currently being considered. We are still awaiting Anglo Platinum’s decision on whether or not it will fund an expanded 2011-2012 exploration program.

Pedra Branca PGM Project – Brazil Steady Progress in a Buoyant Platinum-Palladium Market We believe that our Pedra Branca project represents one of the best undeveloped platinum-palladium (“PGM”) projects in the Western Hemisphere. 2010 marked the eighth year in a row that Anglo Platinum funded exploration on the project – committing $1.5 million in funding. Contributing to our enthusiasm for the project is the performance of the PGM market during 2010. Platinum started 2010 at about $1,5 00 per ounce and is currently up about 17% to approximately $1,750 per ounce (March 31, 2011). Palladium’s performance has been even more spectacular, rising from approximately $420 per ounce at the start of 2010 to its current price of about $775 per ounce (March 31, 2011), over an 80% increase. Overview The Pedra Branca PGM project consists of 57 exploration concessions totaling approximately 70,000 hectares (173,000 acres) in Ceará State, northeastern Brazil. Not including 2010-2011 drilling, 318 holes totaling 23,811 meters of core drilling have been completed on 25 prospects located throughout the project area. Drilling has intersected significant mineralization on 13 of the prospects. The geology of the Pedra Branca project is similar to the Bushveld complex of South Africa where the vast maj ority of the world’s PGM production originates. PGM mineralization occurs in stratigraphic layering of an ultramafic (iron- magnesium-rich) body. In many cases the PGM grade is associated with the mineral chromite. In other areas the PGM is more closely related with minor sulfide concentrations. Our Pedra Branca Agreeent: Anglo Platinum – World’s Largest Platinum Producer The property is owned through our jointly held Brazilian subsidiary, Pedra Branca do Mineração (“PBM”). Anglo Platinum, the largest platinum producer in the world, has funded approximately $7.0 million for exploration since signing the initial Letter Agreement in January 2003 and has now earned a 51% interest in PBM. Although Anglo Platinum funds the entire exploration program, Solitario manages the project.

Anglo American Platinum Corporation Limited ("Anglo Platinum") has elected to proceed with the next phase of work on Solitario's Pedra Branca platinum-palladium ("PGM") project in northeastern Brazil. This phase is a US$1.25 million work commitment over a one-year period. Solitario and Anglo Platinum must negotiate and sign a definitive operating agreement before this phase will begin. Anglo Platinum has funded two drilling campaigns totaling US$1.0 million during the past two years. The results of this drilling, and drilling previously conducted by Solitario, indicate near-surface PGM-mineralization in four different deposits. More recently, Anglo Platinum completed internal preliminary conceptual assessments including metallurgical testing which supports continued investment in exploration. A considerable amount of additional exploration and pre-feasibility work will be required before the decision is made whether or not to conduct a feasibility study.

Pedra Branca Platinum-Palladium Project, Brazil Solitario’s joint venture partner, Anglo Platinum Ltd., has initiated a core drilling campaign on the Pedra Branca Project in northeastern Brazil. Anglo Platinum, manager of the project, is planning to complete up to 6,000 meters of core drilling on several magnetic geophysical targets. Anglo Platinum identified these new magnetic targets as a result of a regional airborne magnetic survey they conducted in 2013. The Pedra Branca project is held through a joint venture with Anglo Platinum controlling 51% and Solitario 49%. Anglo Platinum is providing 100% of the funding for the 2014 drilling program. Over 300 core holes have been drilled on the property to date. Initial results from the drilling program are not expected for at least a couple of months. Pachuca Norte Silver-Gold Project, Mexico Solitario’s joint venture partner on its Pachuca Norte silver-gold project in central Mexico, Hochschild Mining plc, has notified Solitario that they have elected to terminate their option to earn an interest in the project. Hochschild recently completed an 18-hole core drilling program totaling 5,573 meters. Highlights of this drilling program (intercepts grading better than 100 grams per tonne silver equivalent, or better) a

olny 40% are in pi hands

You're a touchy lot aren't you! Don't like the odd question about the here and now? here has gone.. now has past .. tomorrow never comes .. The futue is bright .. just like sun comes up every day..Ha ha

rns come and gone

last day of 2017 .. can not wait for 2018 to start ... news ...news .. news in q1 great .. let the games begin with the sp to rise

only 30% of shares.. that a small float of shares. Major ShareholdersName Type Amount Holding % Dato' Hussian bin A Rahman - 53,465,724 50.30 Thornbeam Ltd - 16,048,922 15.10 Estate of DatoâÇÖ Shamsir bin Omar - 9,131,677 8.59

small free float of shares

yes one of them check out jan info is all there ..

6276 Agents 22152 Registered Customer so far ..

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