PEA completed for South America’s ‘most advanced’ PGM project

A preliminary economic assessment (PEA) for the Pedra Branca platinum group metal (PGM) project, in north-eastern Brazil, has confirmed the economic potential of the project, which Aim-listed Jangada Mines says is South America’s largest and most advanced PGMs play. The PEA has assigned a net present value of $192-million and an internal rate of return of 67% to the project, which will require about $64.4-million in capital expenditure.