Jangada Mines Plc · LSE:JAN
Jangada Mines — Investor Presentation (February 2021)
25 slides from Jangada Mines's investor presentation, February 2021
Slide 1: Advancing the Pitombeiras Vanadium Project
Advancing the Pitombeiras Vanadium Project Highly Exposed to PGM Upside through ValOre Holding CORPORATE PRESENTATION FEBRUARY 2021
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS Focused on the exploration & development of the highly prospective Pitombeiras Vanadium Project. Exposed to the prolific Pedra Branca PGM Project through a 18%* 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 242,113,144 18% interest in Valore Metals Shares C$6.2 million Market Cap in GBX ₤.25.8 million Cash Position C$1.2 million Market Cap. in CAD C$45.4 million Total Liquidity in CAD C$7.4 million Directors Shareh
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 • Three potential routes for ore identified – ports in Ceará Free Trade Zone • Supportive local and state governments / established inf
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: Work Completed to Date
WORK COMPLETED TO DATE CLEAR PATH TO RESOURCE DEVELOPMENT & PRODUCTION EXPLORATION PROGRAMME Ground Magnetic Survey Continuous along 43 x 100 m spaced S-N lines covering a total area of 1,309 ha, totalling 134 km of survey Ground Gamma Survey VANADIUM-BEARING MASSIVE MAGNETITE ROCK Along 43 x 100 m
Slide 7: Substantial Exploration Upside
SUBSTANTIAL EXPLORATION UPSIDE FAVOURABLE REGIONAL GEOLOGY TRANSLATES INTO SCALABILITY JORC Exploration Target over Eight VTM areas has been estimated to range from 40Mt to 60 Mt tonnes at 0.3% to 0.6% V2O5, 40% to 55% Fe2O3 and 8 to 10% TiO2 • Layered and massive vanadium-bearing magnetite body ass
Slide 8: Magnetic Anomaly Targets
MAGNETIC ANOMALY TARGETS EIGHT VTM TARGETS IDENTIFIED – ONLY TWO DRILLED TESTED Analytic Signal map with the location of the selected targets • Substantial footprint identified to the overall prospect beyond the initial resources • Resource remains open in all directions and are based on two out of
Slide 9: Executed Drilling Programme
EXECUTED DRILLING PROGRAMME TESTING VTM STRUCTURAL CORRIDOR • 345.15-metres drilled in 2019 plus 1,360.80-metres drilled in 2020, for a total of 1,705.95-metres of diamond drilling • Drilling programme tested three of most prospective magnetic targets associated with outcropping VTM mineralisation •
Slide 10: Typical Drilling Sections
TYPICAL DRILLING SECTIONS CONSISTENT, HIGH GRADE MINERALISATION CONFIRMED AT SURFACE AND AT DEPTH • High grade mineralisation commences at surface and remains 5.35m @ 0.70% V2O5 open along the strike 600m 2.21m @ 0.67% V2O5 • Geological model is consistent with other globally significant Surface van
Slide 11: Initial Mineral Resources
INITIAL MINERAL RESOURCES NI 43-101 COMPLIANT • Initial mineral resources include two exploration target areas, the Pitombeiras North and Goela targets, which are part of the 8 ground magnetic priority anomalies over a total area of 1,958 hectares • Two individual block models generated using a pare
Slide 12: Initial Mineral Resources: Block Model
INITIAL MINERAL RESOURCES BLOCK MODEL Pitombeiras North • 3D block model • Pitombeiras North • Goela Goela • V2O5 Color Coded Blocks within Mineral Resource Pit (Pitombeiras North) Jangada Mines plc | Q1 2021 12
Slide 13: Mineral Resource Expansion Drilling Plan
MINERAL RESOURCE EXPANSION DRILLING PLAN STEP-OUT TARGETS AT PITOMBEIRAS NORTH TARGET • Minimum of 2,000 linear metres • Starting on Pitombeiras North for a total of 28 shallow drill holes to test the lateral continuity of the VTM mineralisation and improve mineral resource categories • Subsequent t
Slide 14: Second-Phase Drilling Results (2021)
SECOND-PHASE DRILLING RESULTS (2021) EXPANDING RESOURCE AREA FOOTPRINT • Results reported to date confirms the VTM mineralization extends on both N-NE and N-NW directions and continue to be opened along the strike Step-out drilling area • Consistent Average grades and apparent widths for all 7 miner
Slide 15: 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 responded well and demonstrate the ore’s Fe
Slide 16: Processing Route
PROCESSING ROUTE POTENTIAL PROCESSING ROUTES TO PRODUCTION • Technological characterization of the Pitombeiras' ore to define a wet or dry magnetic separation flowsheet to produce a Ferrovanadium concentrate along with an ilmenite concentrate (FeO-TiO2) Dry Separation Process Flow Diagram Low magnet
Slide 17: Processing & Beneficiation Options
PROCESSING & BENEFICIATION OPTIONS On-site Dry Processing (Preferred option) Pitombeiras V-Ti-Fe Ore Magnetite Concentrate (V-Ti-Fe) Short-Term Transportation to Pecém Port Export Magnetite (by truck) Concentrate On-site Wet Long-Term Processing Chemical Plant (2nd option) (at Pecém Port) Export Van
Slide 18: Preliminary Economic Assessment (PEA)
PRELIMINARY ECONOMIC ASSESSMENT (“PEA”) PEA (NI 43-101) DELIVERS VERY ROBUST PROJECT ECONOMICS Fast-Track Approach to Production Project Upside Potential • Direct Shipping Ore (“DSO”) operation • PEA’s mineral resources are based on for the sale of a magnetite concentrate two out of eight known targ
Slide 19: Preliminary Economic Assessment (PEA)
PRELIMINARY ECONOMIC ASSESSMENT (“PEA”) PEA DELIVERS VERY ROBUST PROJECT ECONOMICS Financial Highlights Operational Highlights • US$106.5 million post-tax Net Present • 1.1Mtpy production rate Value (NPV) (at 8% discount rate); • Life of Mine (“LOM”): 6 years • 317.8% post-tax Internal Rate of Retur
Slide 20: Fe-V-Ti Comparables
Fe-V-Ti COMPARABLES GRADE IN CONCENTRATE V2O5 Grade TiO2 Grade Fe2O3 Grade Source: Company reports 20 Jangada Mines plc | Q1 2021
Slide 21: Pecém Seaport – Free Trade Zone
PECÉM SEAPORT – FREE TRADE ZONE CONNECTING TO ALL MAJOR BUYERS Full chemical plant at Pecém Port Benefit from Free-Trade Zone for Capex imports 7-9 days 8 days 35 days 4 days Jangada Mines plc | Q1 2021 21
Slide 22: Pedra Branca PGM-Au Project
PEDRA BRANCA PGM-AU PROJECT 18%* 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) • >30,000m d
Slide 23: Summary
SUMMARY Initial NI 43-101 Resource with significant expansion potential and PEA with robust project economics on a fast-track basis Consistent, high grade mineralisation confirmed at surface & at depth Favourable regional geology translates into scalability Clear path to resource development & PEA i
Slide 24: 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 25: 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] 25
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