Jangada Mines (JAN)

Sector:

Mining

Index:

FTSE AIM All-Share

1.05p
   
  • Change Today:
    -0.17p
  • 52 Week High: 1.43
  • 52 Week Low: 0.63
  • Currency: UK Pounds
  • Shares Issued: 258.60m
  • Volume: 433,177
  • Market Cap: £2.72m
  • RiskGrade: 521
  • Beta: 0.03

Jangada upbeat on progress at investee Blencowe

By Josh White

Date: Monday 08 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Natural resources developer Jangada Mines highlighted significant advancements made by Blencowe Resources, in which it holds a 10% stake, on Monday.
The AIM-traded firm said Blencowe had successfully completed a crucial step in its commercial scale testing of graphite production at its Orom-Cross project.

It said Blencowe had completed the conversion of 600 tonnes of raw material into 30 tonnes of high-quality graphite concentrate.

The bulk sample conversion was conducted by Jilin New Technology Graphite - a leading graphite processing company in China.

It said the results confirmed the attractive qualities of the Orom-Cross graphite, maintaining the high standards observed in previous smaller scale tests.

With 30 tonnes of 96% graphite concentrate now available, Blencowe had a substantial quantity of both large and small flake graphite products for further testing.

That was crucial for potential offtake agreements with prospective buyers.

A final stage of testing would be conducted by leading spheronised purified graphite (SPG) producer, Qindao Taida Carbon.

Taida would process 20 tonnes of small flake concentrate into 10 tonnes of 99.95% uncoated SPG over the next month, marking the final step in the qualification process for the graphite.

Blencowe was currently in discussions with several tier-one partners regarding potential offtake agreements.

The successful bulk sample testing and ongoing qualification process were pivotal steps towards such agreements.

Additionally, the completion of the latest stage of test work met a key milestone, making Blencowe eligible for the next tranche of grant funding from the US International Development Finance Corporation (DFC).

"Blencowe Resources' successful conversion of 600 tonnes of raw material into 30 tonnes of high-quality graphite concentrate marks a significant milestone in its ongoing efforts to advance towards final qualification," said Jangada's executive chairman Brian McMaster.

"This achievement, facilitated by the expertise of Jilin New Technology Graphite, reinforces the world-class potential of the Orom-Cross graphite project and takes Blencowe one step closer to a definitive feasibility study.

"Our confidence in Blencowe as a leader in the graphite market remains strong and we look forward to updating the market as they deliver Orom-Cross and create value for all stakeholders."

At 0801 BST, shares in Jangada Mines were down 7.14% at 1.3p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Jangada Mines Market Data

Currency UK Pounds
Share Price 1.05p
Change Today -0.17p
% Change -13.93 %
52 Week High 1.43
52 Week Low 0.63
Volume 433,177
Shares Issued 258.60m
Market Cap £2.72m
Beta 0.03
RiskGrade 521

Jangada Mines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.15% above the market average23.15% above the market average23.15% above the market average23.15% above the market average23.15% above the market average
19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average
Price Trend
24.58% below the market average24.58% below the market average24.58% below the market average24.58% below the market average24.58% below the market average
6.77% above the sector average6.77% above the sector average6.77% above the sector average6.77% above the sector average6.77% above the sector average
Income Not Available
Growth Not Available

Jangada Mines Dividends

No dividends found

Trades for 30-May-2025

Time Volume / Share Price
15:47 167,001 @ 1.19p
15:42 25,000 @ 1.18p
14:59 86,510 @ 1.15p
14:24 89,286 @ 1.12p
11:00 909 @ 1.10p

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