Jangada Mines PLC developing low-capital and high-return Brazilian VTM project
Jangada Mines has recently completed a feasibility study for the Pitombeiras Vanadium Titanomagnetite (VTM) Project, in Ceará, Brazil.The feasibility study returned a post-tax net present value with an 8% discount rate (NPV8) of US$96.5 million and a post-tax internal rate of return (IRR) of 100.3%Jangada Mines is engaged in the provision of mining services. Co. has interest in the Pedra Branca do Brasil Mineracao S/A's (Pedra Branca) Project, a platinum group metals exploration project. Co. also provides exploratory analysis and drilling activities at Pedra Branca project in the northeast of Brazil.
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