Jangada Mines (AIM: JAN) owns 100% of the Pitombeiras vanadium-titanium-magnetite project in Ceará State, northeast Brazil, and now describes itself as gold focused, with the Molly and Paranaíta gold projects in Brazil. By value, iron is Pitombeiras' leading product: the April 2022 economic study prices a 62% Fe concentrate at US$120/t for its iron plus a US$45.64/t vanadium credit, and a titanium dioxide product at US$220/t, so iron is about half of the study's life-of-mine revenue, titanium dioxide about a third and vanadium about a fifth. The July 2021 resource estimate (0.25% V2O5 cut-off) holds 5.1 Mt measured and indicated at 46.06% Fe2O3, 9.04% TiO2 and 0.46% V2O5, about 1.64 Mt of contained iron, plus 3.16 Mt inferred. The study outlines a 9-year mine processing 600,000 t a year, with a post-tax NPV8 of US$96.5M, a 100.3% IRR and all-in capex of US$18.45M. Brazil's National Mining Agency granted a trial mining licence in 2021 for up to 300,000 t a year.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.7/10.
- Trading within 3% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Jurisdiction (40%)6/10
The Pitombeiras project is in Ceara State, Brazil, which has an established federal mining code and a large mining sector, but state-level permitting and environmental review timelines and currency volatility add risk.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Pitombeiras Vanadium-Titanium-Iron Project, Ceara State, Brazil (checked Oct 1, 2026; recheck due Mar 30, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
Brazil: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:2/10
Primary commodity: Other
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Executive Chairman of Jangada Mines Plc (AIM: JAN). Almost 30 years of experience in corporate reconstruction, turnaround and performance improvement within the mining industry. Established Highfield Resources, an ASX-listed potash company with Spanish projects, and has recapitalised and listed twelve Australian firms. Co-founded Garrison Capital Pty Ltd and currently directs multiple ASX-listed entities, with extensive international work across the United States, South America, Asia and India. Source: jangadamines.com/corporate/board-of-directors/.
Chief Executive Officer of Jangada Mines Plc (AIM: JAN). A veteran mining executive with nearly 40 years of global experience across the full mining lifecycle, delivering projects, operational excellence and strategic growth in leadership roles at junior and major companies. Most recently COO of Lithium Ionic, where he advanced an underground lithium project in Brazil, and as CEO of Largo Inc. led a turnaround to US$521 million in revenue and US$316 million net income by 2018. His earlier career at Anglo American, AMG Mineracao, RHI Magnesita and MBR (now Vale) included major mine developments and mineral recovery projects. Has held prominent industry positions and received multiple awards including Brazil Mining Personality of the Year (2019). Holds a Mining Engineering degree from UFMG with executive studies at INSEAD, GIBS and FGV. Source: jangadamines.com/corporate/management/.
Non-Executive Director of Jangada Mines Plc. Over 30 years' experience in financial services, beginning at Schroders Unit Trust Ltd and J.P. Morgan Investment Management. Established St Brides Partners Ltd for investor relations advisory in natural resources, plus Ragnar Capital Partners LLP, an FCA-regulated corporate finance firm, and Lepanto Consultancy Ltd, serving small-cap listed businesses. Source: jangadamines.com/corporate/board-of-directors/.
Non-Executive Director of Jangada Mines Plc. A mining executive and professional geologist with global experience across the resources value chain. Previously served as Managing Director of Anglo Platinum Brazil, as Chief Operating Officer of Jangada, and as Managing Director of Pedra Branca Minerals. Currently Vice President of Technical at Bravo Mining. Holds geology credentials and advisory experience, and is fluent in English, Portuguese and Afrikaans. Source: jangadamines.com/corporate/board-of-directors/ (published there as 'Heinrich Muller', with an umlaut). Note: his Jangada COO role is FORMER; only the current Non-Executive Directorship is recorded as a role.
Non-Executive Director of Jangada Mines Plc. A Brazil-focused businessman and entrepreneur with extensive experience in corporate leadership, governance and administration. Manages Smart Lithium Resources Ltda and serves as Corporate Secretary for Bravo Mining Corp, with operational expertise in exploration programs, contractor management, and HSE/ESG compliance. Source: jangadamines.com/corporate/board-of-directors/. Distinct from Bravo Mining's Chairman & CEO Luis Mauricio Ferraiuoli De Azevedo -- a different individual with a different middle name and a geologist/lawyer background; verified separately and deliberately not merged.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
A plain-language summary of this company's technical-report findings isn't written yet. See the cited figures on this page and the documents below.