Jangada Mines PLC Strengthening of Senior Management Team (6009Q)
March 01 2021 - 1:00AM
UK Regulatory
TIDMJAN
RNS Number : 6009Q
Jangada Mines PLC
01 March 2021
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
1 March 2021
Jangada Mines plc
Strengthening of Senior Management Team to Advance Ferrovanadium
Project
Jangada Mines plc ("Jangada" or "the Company"), a natural
resources company, is pleased to announce the appointment to the
Company's senior technical team of Mr. José Luiz de Oliveira
Martins as Vice President, Project Manager and Mr. Marcos Goossens
as Senior Manager, Metallurgy, both effective immediately. The
addition of two highly experienced senior managers is in line with
Jangada's strategy to become a ferrovanadium producer and reflects
the progress made at its 100%-owned Pitombeiras Vanadium Project
("Pitombeiras" or "the Project"), Ceará State, Brazil. This
includes a recently completed Preliminary Economic Assessment
('PEA') which confirmed the Project's robust economics: US$106.5
million post-tax Net Present Value; 317.8% post-tax Internal Rate
of Return; and three-month payback (see announcement of 16 February
2021).
Brian McMaster, Executive Chairman of Jangada, said : "I am
delighted to welcome José Luiz and Marcos Goossens as key members
of Jangada's management team; to be able to attract such high
calibre professionals to our Company speaks volumes about the
excellent potential of the Pitombeiras Vanadium Project. The
appointments bring in-depth expertise and proven track-records in
mining project development, metallurgy, construction and
operations, which will be instrumental in unlocking Pitombeiras'
value as highlighted in the recently published PEA. Having them as
part of the team will allow us to move faster in many aspects of
project development than if we were using external consultants.
Their initial areas of focus include capex optimisation and
equipment sourcing, as well as closely leading the ongoing
metallurgical tests, which will be essential components of the
revised PEA expected to be delivered by end of Q2 2021."
José Luiz de Oliveira Martins
Mr. Martins has over 35 years of mining experience, having
played key roles on project feasibility studies, development,
construction and operations of major iron ore, copper, coal and
bauxite mines in Brazil and internationally. Most recently, Mr.
Martins was Director of Operations with Vale S/A at its Moatize
Coal Mine in Mozambique, where he was responsible for the mine
operation, including the mineral processing plants, dams, and
associated mining equipment maintenance. The Moatize Coal Mine is a
15Mty operation with 3,300 direct employees and about 3,000
contractors. Prior to Vale, Mr. Martins held the position of Chief
Operating Officer (COO) with MRN - Mineração Rio do Norte S.A,
where he was responsible for overseeing all aspects of mine
operations, including bauxite mines, ore beneficiation plant, dams,
railroad and port and equipment maintenance. MRN produces about
18Mtpy of bauxite with a team of 1,200 direct employees and about
1,000 contractors.
Marcos Goossens
With 40 years multi-disciplined mining experience, Mr. Gossens
brings to Jangada expertise on mining processing, mineral
metallurgy, product development and quality acquired from key roles
on small to major iron ore and manganese operations, among other
minerals. He has held senior operational roles with Vale S/A and
MMX Mineração e Metálicos, as well as working as a consultant for
dozens of projects in Brazil and internationally.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
**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 E: info@stbridespartners.co.uk
Ltd Beth Melluish
(Financial PR)
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