EXPLORATION & DEVELOPMENT

Jangada gets on vanadium bandwagon

Brazil PGM project has vanadium nearby, drilling and sampling finds

Staff reporter

This article is 5 years old. Images might not display.

The company said four drill holes at Pitombeiras West, totalling 300m, had picked up a an average 0.57% V2O5 and 8.1% TiO2, with mineralised sections ranging from 26m to 46m wide.

The magnetite deposit starts at the surface and remains open at depth and along strike, the company said.

Last month, Jangada said 72 surface samples had given 0.91% V2O5 and 14.3% TiO2.

Investors were keen on the drill results, pushing the share price up 4.7% to 2.78p (US3.61c).

Brazil is home to Largo Resources' Maracás Menchen mine, which is forecast to produce 10,000 tonnes of V2O5 this year.

Jangada chairman Brian McMaster floated more to come on the prospect.

"If we continue to replicate these results in future holes then we will likely be holding a very substantial deposit," he said.

"These results further confirm the breadth and potential scale of Pitombeiras West specifically, and Pedra Branca more widely."

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.