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Brazil-based Jangada Mines (JAN:AIM) believes it can have a platinum group metals (PGMs) mine in production within the next 12 to 18 months.
It says a trial mining set-up may only cost up to $1.5m to build. A full 30,000 ounce operation will cost between $20m and $30m.
The ultimate plan is to produce 100,000 ounces annually of PGMs. Jangada floated on AIM on 29 June.
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