Jangada Mines PLC Environmental Licence Approved (4331C)
01 October 2018 - 4:00PM
UK Regulatory
TIDMJAN
RNS Number : 4331C
Jangada Mines PLC
01 October 2018
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
1 October 2018
Jangada Mines plc ('Jangada' or the 'Company')
Environmental Licence Approved
Jangada Mines plc, a natural resources company developing South
America's largest and most advanced platinum group metals ('PGM')
project, is pleased to announce the issuance of the Environmental
Licence required for trial mining at the Pedra Branca Project by
the Ceara State Environmental Department ("SEMACE").
The Environmental Licence for trial mining has been issued
following an application made by the Company to SEMACE late last
year (as per announcement dated 17 December 2017). The
Environmental Licence is the final requirement before the Company
can submit an application for a Trial Mining Licence with the
Departamento Nacional de Produção Mineral ("DNPM"). The Company
intends to lodge an application for a trial mining licence in Q4
2018.
Brian McMaster, Chairman of Jangada said, "Obtaining
environmental approval is a critical step in the ongoing
development process at the Pedra Branca Project. Generally, the
preparation for environmental approvals can be a lengthy process
and receiving the approval now validates our decision to engage in
this process during 2017. With the Environmental Licence in place
we are now equipped to make an application for a trial mining
permit. Although we do not intend trial mining until post BFS, it
will be sensible to obtain the permit early so that we are prepared
to proceed expeditiously following completion of the BFS.
"Following our recently announced finance package, the Company
is pushing forward quickly with its BFS and related exploration
activities. We expect to be in a position to update our
shareholders regularly in the upcoming months as we rapidly
progress towards development through the remainder of 2018 and into
2019."
* ENDS *
For further information, please visit www.jangadamines.com or
contact:
Jangada Mines plc Brian McMaster (Chairman) Tel: +44 (0) 20 7317
6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Jack Botros
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Isabel de Salis Tel: +44 (0)20 7236
Ltd Gaby Jenner 1177
(Financial PR)
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END
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