Jangada Mines Expands Molly Gold Drilling and Moves to Full Project Acquisition

Jangada Mines PLC ( (GB:JAN) ) just unveiled an update.

Jangada Mines has reported strong geological results from its ongoing diamond drilling campaign at the Molly Gold Project in Brazil’s Tapajós Gold Province, where all 13 holes drilled to date intersected quartz veining and/or disseminated sulphides associated with gold mineralisation. The programme, expanded to about 2,480 metres and fully funded, aims to upgrade and materially increase the existing 130,000-ounce JORC inferred resource, with initial assay results from 44 samples due in mid-April and an updated resource estimate planned thereafter.

Encouraging step-out drilling at the Molly 2 target and to the east and west of Molly 1 has reinforced the project’s district-scale potential and supported the board’s decision to exercise its option to acquire 100% of the 6,656.2-hectare project from BGold, triggering an initial US$350,000 consideration in cash and shares, subject to regulatory approvals. With Phase 1 drilling set to conclude in early April and Phase 2 exploration, mapping, geophysics, geochemistry and trenching scheduled through to late 2026, the company is positioning Molly as a potential multi-pit, high-grade gold system, a development that could significantly enhance Jangada’s resource base and strategic standing in a prime gold jurisdiction.

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 JAN Stock

According to Spark, TipRanks’ AI Analyst, 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 JAN stock, click here.

More about Jangada Mines PLC

Jangada Mines plc is an AIM-listed natural resource development company focused on Brazil, with a portfolio that includes the high-grade Molly Gold Project, the Paranaíta Gold Project and the 100%-owned Pitombeiras vanadium titanomagnetite project. Leveraging deep industry, financial and in-country expertise, it pursues a dual strategy of advancing its existing assets while identifying and rapidly advancing additional Brazilian resource projects to grow shareholder value.

Average Trading Volume: 14,516,809

Technical Sentiment Signal: Hold

Current Market Cap: £11.8M

Find detailed analytics on JAN stock on TipRanks’ Stock Analysis page.