Jangada Mines plc, a natural resources company developing South America’s largest and most advanced platinum group metals (PGM) project, is pleased to announce that authorisation has been received from the relevant Brazilian municipal government for pilot scale production at its Pedra Branca Project in north-eastern Brazil.

The company now intends to make an application to the Secretaria do Meio Ambiente do Ceará (SEMACE) and Departamento Nacional de Produção Mineral (DNPM) for a trial mining licence during Q1 2018. Before this application can be made, the company is required to receive municipal government approval, which has now been received.

Brian McMaster, Executive Chairman of Jangada said, “This is a significant milestone for the Company on its road to near-term production. The local authorities (local, state and federal) in Brazil have been very supportive of our development plans at the Project and this formal approval underscores that. In light of our recent progress and positive Scoping Study results (as announced on 31 October 2017), we look forward to the continued development of the project including the conclusion of our Pre-feasibility Study during Q1 2018.”