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Jangada Mines PLC ( (GB:JAN) ) has issued an announcement.
Blencowe Resources PLC has announced significant findings from its deep drilling operations at the Beehive deposit within the Orom-Cross Graphite Project. The drilling confirmed extensive mineralization at depths exceeding 100 meters, indicating the potential for increased resource tonnage and project valuation. This development supports the ongoing Definitive Feasibility Study (DFS) and positions Blencowe to secure further funding and strategic partnerships, enhancing the project’s long-term value and investor confidence.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resources development company with interests primarily in Brazil and other locations. The company focuses on the mining sector and holds a 7.1% interest in Blencowe Resources PLC, which is involved in the exploration and development of graphite deposits.
Average Trading Volume: 455,092
Technical Sentiment Signal: Hold
Current Market Cap: £2.72M
For a thorough assessment of JAN stock, go to TipRanks’ Stock Analysis page.