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Jangada Mines PLC ( (GB:JAN) ) has provided an announcement.
Jangada Mines has begun a fully funded 2,000m diamond drilling campaign at its Molly Gold Project in Brazil’s Tapajós region, deploying three rigs and five crews to test the high-grade, shallow Molly 1 target and surrounding areas. The work aims to confirm historical drilling, define the westward and potential eastward extensions of the main quartz vein, and probe beneath known vein exposures, with planned hole depths of 150–200m.
Molly 1 currently hosts a JORC inferred resource of 130,000 ounces of gold, and historic intercepts such as 6.5m at 10.5 g/t and 1m at 200 g/t, combined with geophysical data, indicate the mineralisation may form part of a much larger system along a structural corridor. In parallel with the initial programme due to run through April 2026, Jangada is assembling a regional exploration team and planning an additional 2,500m of drilling to December 2026 to evaluate new targets such as the Boomerang alluvial area, with the objective of significantly expanding resources and strengthening its position in a premium Brazilian gold district.
The most recent analyst rating on (GB:JAN) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Jangada Mines PLC stock, see the GB:JAN Stock Forecast page.
Spark’s Take on GB:JAN Stock
According to Spark, TipRanks’ AI Analyst, GB:JAN is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue profile, recurring losses, and ongoing cash burn despite zero debt). Technicals are comparatively stronger with price above key moving averages and moderately positive momentum, while valuation remains constrained by losses (negative P/E) and no dividend support.
To see Spark’s full report on GB:JAN stock, click here.
More about Jangada Mines PLC
Jangada Mines plc is a Brazil-focused natural resource development company listed on AIM in London, with a portfolio spanning the high-grade Molly and Paranaíta gold projects and the 100%-owned Pitombeiras vanadium titanomagnetite project. The group pursues a dual strategy of advancing its existing Brazilian assets while using its in-country geological expertise to identify and acquire additional projects to grow shareholder value.
Average Trading Volume: 13,868,580
Technical Sentiment Signal: Buy
Current Market Cap: £14.4M
Find detailed analytics on JAN stock on TipRanks’ Stock Analysis page.