RNS Number : 8897Y Jangada Mines PLC 11 December 2017

Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

11 December 2017

Jangada Mines plc ('Jangada' or the 'Company')

Local Government Approval for Pilot Production at the Pedra Branca Platinum Group Metals Project

Jangada Mines plc, a natural resources company developing South America's largest and most advanced platinum group metals ('PGM') project, is pleased to announce that authorisation has been received from the relevant Brazilian municipal government for pilot scale production at its Pedra Branca Project in north-eastern Brazil ('the Project').

The Company now intends to make an application to the Secretaria do Meio Ambiente do Ceará ('SEMACE') and Departamento Nacional de Produção Mineral ('DNPM') for a trial mining licence during Q1 2018. Before this application can be made, the Company is required to receive municipal government approval, which has now been received.

Brian McMaster, Executive Chairman of Jangada said, "This is a significant milestone for the Company on its road to near-term production. The local authorities (local, state and federal) in Brazil have been very supportive of our development plans at the Project and this formal approval underscores that. In light of our recent progress and positive Scoping Study results (as announced on 31 October 2017), we look forward to the continued development of the project including the conclusion of our Pre-feasibility Study during Q1 2018."

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014.

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For further information, please visitwww.jangadamines.com or contact:

Jangada Mines plc

E:info@jangadamines.com

Strand Hanson Limited (Financial Nominated Adviser)

&

T: +44 (0)20 7409 3494

James Spinney / Ritchie Balmer / Jack Botros

Beaufort Securities (Broker)

T: +44 (0)20 7382 8300

Jon Belliss

St Brides Partners LTD (Financial PR) Hugo de Salis / Olivia Vita

T: +44 (0)20 7236 1177

Notes to the Editors

Jangada Mines plc is focused on developing the Pedra Branca PGM Project ('the Project'), one ofthe 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. The Project has a JORC (2012) Compliant Resource of approximately 1 million ounces of PGM+Au at a grade of 1.3 g/t, 109Mlbs of Ni, 23Mlbs of Cu, 6.4Mlbs of Co and 670kt of Cr. Circa 52% of this is contained within current mining licences and is considered a low development risk due to previous exploration work totalling + US$35 million. 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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Jangada Mines PLC published this content on 11 December 2017 and is solely responsible for the information contained herein.
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