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Jangada Mines

Is that a bit of interest in Jan today?

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Jangada Mines

Read the recent RNS "Pitombeiras update"

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Jangada Mines

Expecting a whole new PEA after Fodere commercial testing. That means enhanced economics and a longer wait for the DFS.

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Jangada Mines

I'm nearly 50.... I cant hold my PEA in that long😂

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Jangada Mines

Go away in may they say ….

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Jangada Mines

Strange RNS that. It's "an investee company has issued an update", not "we've just lumped in some more"

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Jangada Mines

Surprised JAN haven't issued an RNS

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Jangada Mines

More money into bres

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Jangada Mines

A cuddle? He needs fluoxetine.

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Jangada Mines

We need to relax sometimes.. we know what’s we have and I believe we are closer than before

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Jangada Mines

We can compare Jangada with Elephant… every two years something new comes out 😂

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Jangada Mines

Also buddy.... do you look like buddy in real life?

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Jangada Mines

Very much doubt it 😂

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Jangada Mines

Praying as I type. How much do you need. He owns the cattle on a thousand hills and the wealth in every mine.

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Jangada Mines

I pray for the dear Lord to give Buddy Elf all the strength he needs. Amen.

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Jangada Mines

With the adaptation of Fodere's technology to successfully process ore from Pitombeiras, Jangada is now preparing 25 tonnes of material to be tested on a larger scale in order to finalise a commercial flowsheet and provide in-depth economics for a Preliminary Economic Assessment ('PEA') focussed on the extraction of TiO2, V2O5 from Pitombeiras utilising Fodere's technology. This is anticipated to improve the already robust economic studies carried out on Pitombeiras that were announced on 21 April 2022 with headline figures of 100.3% post-tax Internal Rate of Return, a US$96.5 million post-tax Net Present Value (8% discount rate), a US$145.9 million post-tax undiscounted operating cash flow, and a 13-month payback.

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Jangada Mines

Ahhh so it is an updated PEA then..... surprised at that but surely only for the Tioxide portion of the ore using the Fodere testing and Fodere's estimates of CAPEX and OPEX.

To be honest I'd expect Fodere to deliver a unit process based PEA based on their results anyway.

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Jangada Mines

With AIM so battered I'm going to admit I'm spending less time on following individual project progress..... we have the PEA but is it DFS sometime this year?

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Jangada Mines

Not sure it's that easy to go away from Jangada at the moment Buddy. What is true though is progression in the Pitoembieras project is the thing that will move the price ...... more than the annual ebb and flow of the markets..... but although I am confident they are committed to develop it further im at a loss for timescales.

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Jangada Mines

So we put in £100k and got 2MM shares at 5p plus 1MM warrants excercisable at 8p.

Seems fine, happy with that. 👍

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Jangada Mines

Yes they should have done. Possibly later today then.

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Jangada Mines

https://www.voxmarkets.co.uk/rns/announcement/269a5c68-2f2c-4185-a22f-77b73eebf307/

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Jangada Mines

Do I look like a chemist to you?,

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Jangada Mines

Damn right. RB needs a cuddle

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Jangada Mines

I know, but it’s true 😂😂

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Jangada Mines

Like, if you wear the costume and hat?

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Jangada Mines

Don't be so negative. There's reasons to be cheerful

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Jangada Mines

Getting close to 1 month since the pitombeiras update. Is that 25 ton ore in the hands of Fodere at the plant at this moment in time? 🤔

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Jangada Mines

Pray for my cash flow problem as well please 🙏

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Jangada Mines

God give me strength

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