Jangada Mines Plc · LSE:JAN
Jangada Mines — PDAC 2020
19 slides from Jangada Mines's conference presentation, March 2020
Slide 1: Advancing the Pitombeiras Vanadium Project
Advancing the Pitombeiras Vanadium Project Highly Exposed to PGM Upside through ValOre Holding CORPORATE PRESENTATION PDAC 2020
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS Focused on the exploration and development of the highly prospective Pitombeiras Vanadium Project. Exposed to the prolific Pedra Branca PGM Project through a 26% ownership of ValOre STRATEGY Metals Corp. (TSX‐V: VO) High grade vanadium, titanium, iron mineralisation starting at
Slide 3: Board & Corporate Structure
BOARD & CORPORATE STRUCTURE Capital Structure (*) LON:JAN Liquidity Ordinary Shares 237,315,053 26% interest in Valore Metals Shares (*) C$6.2 million Market Cap in GBX (*) ₤4.9 million Cash Position (**) C$1.5 million Market Cap. in CAD (*) C$8.5 million Total Liquidity in CAD (*) C$7.7 million Dir
Slide 4: Pitombeiras Vanadium Project
PITOMBEIRAS VANADIUM PROJECT HIGH-GRADE VANADIUM, TITANIUM, IRON LOCATION & LOGISTICS • State of Ceará/Brazil - 300km from port city of Fortaleza on a paved highway • 3 potential routes for ore identified – ports in Ceará Free Trade Zone PROJECT AREA • Single exploration license covering 1,093 hecta
Slide 5: Project Location & Favourable Logistics
PROJECT LOCATION & FAVOURABLE LOGISTICS FAVOURABLE LOCATION, EASY ACCESS AND EXCELLENT INFRASTRUCTURE • Supportive mining code • Located in the state of Ceará, which benefits from: • Established infrastructure at site including road, rail and power • Industrial free trade area for exporting that pro
Slide 6: 2019/2020 Exploration Programme
2019/2020 EXPLORATION PROGRAMME CLEAR PATH TO RESOURCE DEVELOPMENT EXPLORATION PROGRAMME Ground Magnetic Survey Continuous along 43 x 100 m spaced S-N lines covering a total area of 1,308 ha, totalling 133.3 km of survey Ground Gamma Survey VANADIUM-BEARING MASSIVE MAGNETITE ROCK Along 43 x 100 m sp
Slide 7: Substantial Exploration Upside
SUBSTANTIAL EXPLORATION UPSIDE FAVOURABLE REGIONAL GEOLOGY TRANSLATES INTO SCALABILITY • Only 600m of approximately 2,000 metres-long magnetic anomaly tested by drilling so far • Structural and geophysical interpretation supports lateral and downdip extension of the known mineralisation to the north
Slide 8: Magnetic Anomaly Targets
MAGNETIC ANOMALY TARGETS EIGHT NEW TARGETS IDENTIFIED • Recent work has discovered a new target – Goela • Substantial footprint added to the overall prospect beyond the previously announced JORC Exploration Target • Ongoing work to investigate if Pitombeiras (170,000m2) and Goela (80,000m2) are link
Slide 9: Geology & Exploration Target
GEOLOGY & EXPLORATION TARGET SIGNIFICANT EXPANSION POTENTIAL JORC Exploration Target has been estimated from recent drilling, magnetic and rock chip geochemistry to range from 40Mt to 60 Mt tons at 0.3% to 0.6% V2O5, 40% to 55% Fe2O3 and 8 to 10% TiO2 • Layered and massive vanadium-bearing magnetite
Slide 10: Ongoing Drilling Programme
ONGOING DRILLING PROGRAMME TESTING VTM STRUCTURAL CORRIDOR • 2,500-metre ongoing drilling programme • Programme testing the three most prospective magnetic anomalies over a NE-SW structural trend • 25 to 30 drill holes on a drilling grid of 100m by 50m Jangada Mines plc Q1 2020 10
Slide 11: Drilling Results
DRILLING RESULTS CONSISTENT, HIGH GRADE MINERALISATION CONFIRMED AT SURFACE AND AT DEPTH • High-grade zones contains an average of 0.78% V2O5, 13.14% TiO2 and 48.69% Fe2O3% over a 13.03 m average downhole width Drill Hole Thickness (m) V2O5% Fe2O3% TiO2% DD19PI07 28.00 0.45 47.29 9.49 DD19PI08 41.05
Slide 12: Drilling Sections
DRILLING SECTIONS CONSISTENT, HIGH GRADE MINERALISATION CONFIRMED AT SURFACE AND AT DEPTH • High grade mineralisation commences at surface and remains open at depth and along strike • Geological model is consistent with other globally significant vanadium deposits Jangada Mines plc Q1 2020 12
Slide 13: Positive Metallurgy Tests
POSITIVE METALLURGY TESTS DAVIS TUBE TEST • Davis Tube Test is considered by metallurgists to RESULTS be a simulation of industrial wet magnetic separation Concentrate Pitombeiras Ore • Key Findings V2O5 Grade 1.24% • Two samples submitted from Pitombeiras Fe203 Grade 95% responded exceptionally wel
Slide 14: Logistics Study
LOGISTICS STUDY LOW LOGISTICAL COSTS INCREASE COMPETITIVE NATURE OF DEPOSIT • C. Steinweg Handelsveem Latin America S.A. prepared an initial analysis on logistics of shipping the ore • Preliminary study considered an estimated iron ore production of 300kt, ramping to 600kt within two years • Indicat
Slide 15: Fe-V-Ti Comparables – Explorers & Developers
Fe-V-Ti COMPARABLES – EXPLORERS & DEVELOPERS GRADE IN CONCENTRATE V2O5 Grade TiO2 Grade Fe2O3 Grade Source: Company reports 15 Jangada Mines plc Q1 2020
Slide 16: Pedra Branca PGM-Au Project
PEDRA BRANCA PGM-AU PROJECT 26% OWNED BY JANGADA THROUGH ITS SHAREHOLDING IN VALORE METALS CORP. CONTROL OF AN ENTIRE PGM DISTRICT (PD-PT-AU, IN BRAZIL) • 38,940 ha land package, five 43-101 resource PGM deposit areas >US$35M HISTORICAL EXPENDITURES, ANGLO AMERICAN PLATINUM (~12 YEARS) • >30,000 m d
Slide 17: Summary
SUMMARY Large proven resource with significant expansion potential Consistent, high grade mineralisation confirmed at surface & at depth Favourable regional geology translates into scalability Clear path to resource development and PEA in timely manner Robust potential economics supported by establi
Slide 18: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS The information contained in this document (the “Presentation”) has been prepared by Jangada Mines plc (the “Company”) solely for informational purposes. It is subject to material updating, completion, revision, verification and further amendment. This Present
Slide 19: Contacts
CONTACTS JANGADA MINES Brian McMaster Luis Azevedo 20 North Audley Street Jornalista Ricardo Marinho 360 London Salal113, Barra Da Tijuca W1K 6LX Rio de Janeiro CEP 22631350 [email protected] [email protected] [email protected] Jangada Mines plc Q1 2020 19