The share price of Jangada Mines rose sharply on Monday morning, after the company announced an upgrade of 117% to its 2012 Joint-Ore Reserves Committee- (Jorc-) compliant resource, which, in turn, meant a substantial increase in the size and categorisation of the resource at the company’s Pedra Branca platinum group metals (PGMs) project, in north-eastern Brazil. Following the upgrade, Jorc-classified ore at the project stands at 74.8-million tonnes.
