Jangada Mines upgrades its Pedra Branca JORC resource by 50%

Date: May 21, 2018

A mine operator with the biggest and most advanced platinum group metals project in South America, has upgraded its mineral resource as it looks to enhance its project economics.

Jangada Mines, owners of the Pedra Branca PGM project, has announced this week that it has made a “substantial” increase to the JORC compliant mineral resources at the site.

The project, which is the largest and the most developed PGM project in South America, consists of three mining licences and 43 exploration licences covering an area of 50,000 hectares.

The resource upgrade comes after an evaluation of the company’s Santo Amaro prospect.

Jangada has reported a 50% percent increase in the global ore volume, which now stands at 34.5 million tonnes.

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