Interim Results

Original announcement by lse on

Company
Jangada Mines plc
Ticker
JAN
Exchange
LSE
Region
Brazil
Primary commodity
Gold
Secondary commodities
Silver, Copper, Lead, Zinc, Vanadium, Titanium
Document categories
Drill results, Resource update, Other
Extracted
2026-09-30 07:09:07 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Jangada Mines plc announced positive interim results, highlighting significant exploration progress at its Molly gold project in Brazil. New drill results from Molly 1 and Vivi revealed bonanza gold grades and polymetallic mineralization, supporting the potential for a large, multi-pit open-pit development. The company is fully funded for a Phase 2 program at Molly, which aims to refine targets and update the mineral resource estimate, while also maintaining existing gold resources at Paranaíta and a valuable vanadium-titanium project.

Reasoning: The interim results highlight strong exploration success at the Molly gold project, including bonanza gold grades and polymetallic mineralization, alongside a fully funded Phase 2 program aimed at resource growth. The company also maintains a solid financial position and other valuable assets, positioning it for future value creation.

Positive factors

  • High-grade gold intercepts at Molly 1 and Vivi, including bonanza grades.
  • Polymetallic nature of Molly with significant associated silver, copper, lead, and zinc.
  • Potential for a larger shallow open-pit component at Molly based on broader mineralization.
  • Fully funded Phase 2 exploration program at Molly to refine targets and update resource estimates.
  • Existing gold resources at Paranaíta providing a second growth opportunity.
  • Underlying value in the Pitombeiras vanadium-titanium project.
  • Strong cash position with over £1 million available to fund exploration.

Negative factors

  • The company is not currently generating revenue and reported an operating loss.
  • Molly 1 historical resource is JORC (2004) Inferred, an older standard requiring verification.
  • Molly project is still early stage, requiring further drilling and studies to establish scale and continuity.
  • Lack of explicit QA/QC disclosure for drill results.
  • Apparent widths reported for drill intercepts without true width disclosure.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 25

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The Vivi project returned a standout sample with 306.2 g/t Au, which is exceptionally high-grade.

Evidence · text

“Vivi returned bonanza grades of up to 306.2 g/t Au”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Molly 1 drill results included high-grade intersections of 21.81 g/t Au and 20.76 g/t Au, which are well above typical gold grades.

Evidence · text

“high-grade veins intersections including 21.81 g/t Au over 0.5m and 20.76 g/t Au over 0.5m”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Phase 1 drilling at Molly 1 extended mineralization beyond the existing resource envelope.

Evidence · text

“extended mineralisation beyond the existing resource envelope”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: All reported drill intercepts are given as downhole lengths (e.g., 'over 0.5m', '14 metres') without stating the true width or drill orientation.

Evidence · text

“21.81 g/t Au over 0.5m”

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: The release does not contain any explicit disclosure regarding QA/QC procedures, certified laboratories, or QP/CP sign-off for the drill results.

Evidence · text

“Jangada Mines plc ('Jangada' or ‘the Company’) Interim Results Positioned for growth and value creation”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: The document reports drill intercepts without stating the cut-off grade used for compositing the intervals.

Evidence · text

“14 metres at 1.19g/t”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The historical Molly 1 resource is explicitly stated as an Inferred Resource.

Evidence · text

“JORC (2004) Inferred Resource of approximately 130,000 oz Au”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Paranaíta resource is described as 'internally generated' and part of a 'resource-growth opportunity' with 'preliminary resource modelling', implying it is in the Inferred category.

Evidence · text

“internally generated CBRR-compliant resource of approximately 210,000 oz Au”

Historical Estimate Onlynegative

Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The Molly 1 resource is explicitly referred to as a 'historical' resource and is compliant with JORC (2004), an older standard.

Evidence · text

“JORC (2004) Inferred Resource of approximately 130,000 oz Au”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The company highlights Molly's location within the established Tapajós gold district and geological similarities to Serabi Gold's successful operations in the region as a positive factor.

Evidence · text

“Molly sits within the established Tapajós gold district and displays geological similarities to the high-grade vein-hosted mineralisation successfully exploited by Serabi Gold in the region.”

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The Paranaíta resource is described as 'internally generated' and supporting 'preliminary resource modelling', indicating it is the first formal estimate for the company.

Evidence · text

“internally generated CBRR-compliant resource of approximately 210,000 oz Au”

Extracted facts

Stored fact records: 25. Some facts used in scoring do not have a stored record.

Drill Results (23)

Fact 1Molly · goldGrade: 21.81Grade Unit: g/tIntercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
21.81
Grade Unit
g/t
Intercept
0.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A very high-grade gold intercept, indicating strong mineralization, though the true width is not specified.

Positive factors

  • Exceptional high-grade gold intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“21.81 g/t Au over 0.5m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 2Molly · goldGrade: 20.76Grade Unit: g/tIntercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
20.76
Grade Unit
g/t
Intercept
0.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A very high-grade gold intercept, indicating strong mineralization, though the true width is not specified.

Positive factors

  • Exceptional high-grade gold intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“20.76 g/t Au over 0.5m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 3Molly · goldGrade: 1.19Grade Unit: g/tIntercept: 14 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
1.19
Grade Unit
g/t
Intercept
14 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A broad intercept of gold mineralization, which is material for potential bulk tonnage mining, though true width is not stated.

Positive factors

  • Significant width of near-surface gold mineralization, supporting open-pit potential.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“14 metres at 1.19g/t”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 4Molly · goldGrade: 20.7Grade Unit: g/tIntercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
20.7
Grade Unit
g/t
Intercept
0.5 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A very high-grade gold intercept, indicating strong polymetallic mineralization, though the true width is not specified.

Positive factors

  • Exceptional high-grade gold with associated polymetallic mineralization.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“20.70 g/t Au, 0.58% Cu and 6.30 g/t Ag over 0.5 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 5Molly · copperGrade: 0.58Grade Unit: %Intercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
copper
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
0.58
Grade Unit
%
Intercept
0.5 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A good associated copper grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Significant associated copper grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“0.58% Cu”

Context: 20.70 g/t Au, 0.58% Cu and 6.30 g/t Ag over 0.5 metres

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 6Molly · silverGrade: 6.3Grade Unit: g/tIntercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
silver
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
6.3
Grade Unit
g/t
Intercept
0.5 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: An associated silver grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Associated silver grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“6.30 g/t Ag”

Context: 20.70 g/t Au, 0.58% Cu and 6.30 g/t Ag over 0.5 metres

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 7Molly · goldGrade: 11.5Grade Unit: g/tIntercept: 0.58 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
11.5
Grade Unit
g/t
Intercept
0.58 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A high-grade gold intercept, indicating strong polymetallic mineralization, though the true width is not specified.

Positive factors

  • High-grade gold with associated polymetallic mineralization.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“11.50 g/t Au, 21.30 g/t Ag and 0.47% Cu over 0.58 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 8Molly · silverGrade: 21.3Grade Unit: g/tIntercept: 0.58 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
silver
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
21.3
Grade Unit
g/t
Intercept
0.58 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A good associated silver grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Significant associated silver grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“21.30 g/t Ag”

Context: 11.50 g/t Au, 21.30 g/t Ag and 0.47% Cu over 0.58 metres

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 9Molly · copperGrade: 0.47Grade Unit: %Intercept: 0.58 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
copper
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
0.47
Grade Unit
%
Intercept
0.58 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A good associated copper grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Significant associated copper grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“0.47% Cu”

Context: 11.50 g/t Au, 21.30 g/t Ag and 0.47% Cu over 0.58 metres

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 10Molly · goldGrade: 5.75Grade Unit: g/tIntercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
5.75
Grade Unit
g/t
Intercept
0.5 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A high-grade gold intercept, indicating strong polymetallic mineralization, though the true width is not specified.

Positive factors

  • High-grade gold with associated polymetallic mineralization.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“5.75 g/t Au, more than 1.0% Cu and 9.00 g/t Ag over 0.50 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 11Molly · copperGrade: 1Grade Unit: %Intercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
copper
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
1
Grade Unit
%
Intercept
0.5 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A high associated copper grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • High associated copper grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“more than 1.0% Cu”

Context: 5.75 g/t Au, more than 1.0% Cu and 9.00 g/t Ag over 0.50 metres

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 12Molly · silverGrade: 9Grade Unit: g/tIntercept: 0.5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Molly
Commodity
silver
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
9
Grade Unit
g/t
Intercept
0.5 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: An associated silver grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Associated silver grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“9.00 g/t Ag”

Context: 5.75 g/t Au, more than 1.0% Cu and 9.00 g/t Ag over 0.50 metres

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Hole 7AMolly · goldGrade: 3.11Grade Unit: g/tIntercept: 0.87 mView all details
Link to this fact

Identity

Hole ID
Hole 7A
Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
3.11
Grade Unit
g/t
Intercept
0.87 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A good gold grade within a polymetallic intercept, indicating broader mineralization.

Positive factors

  • Polymetallic intercept with gold, silver, copper, and lead.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“0.87 metres grading 3.11 g/t Au, 30.40 g/t Ag, 0.13% Cu and 0.24% Pb”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Hole 7AMolly · silverGrade: 30.4Grade Unit: g/tIntercept: 0.87 mView all details
Link to this fact

Identity

Hole ID
Hole 7A
Project
Molly
Commodity
silver
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
30.4
Grade Unit
g/t
Intercept
0.87 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: An associated silver grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Associated silver grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“30.40 g/t Ag”

Context: 0.87 metres grading 3.11 g/t Au, 30.40 g/t Ag, 0.13% Cu and 0.24% Pb

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Hole 7AMolly · copperGrade: 0.13Grade Unit: %Intercept: 0.87 mView all details
Link to this fact

Identity

Hole ID
Hole 7A
Project
Molly
Commodity
copper
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
0.13
Grade Unit
%
Intercept
0.87 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: An associated copper grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Associated copper grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“0.13% Cu”

Context: 0.87 metres grading 3.11 g/t Au, 30.40 g/t Ag, 0.13% Cu and 0.24% Pb

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Hole 7AMolly · leadGrade: 0.24Grade Unit: %Intercept: 0.87 mView all details
Link to this fact

Identity

Hole ID
Hole 7A
Project
Molly
Commodity
lead
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
0.24
Grade Unit
%
Intercept
0.87 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: An associated lead grade, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Associated lead grade in a polymetallic intercept.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“0.24% Pb”

Context: 0.87 metres grading 3.11 g/t Au, 30.40 g/t Ag, 0.13% Cu and 0.24% Pb

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Hole 7AMolly · leadGrade: 1.41Grade Unit: %Intercept: 5.42 mView all details
Link to this fact

Identity

Hole ID
Hole 7A
Project
Molly
Commodity
lead
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
1.41
Grade Unit
%
Intercept
5.42 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A notable lead interval, indicating lead mineralization at Molly 2.

Positive factors

  • Significant lead interval.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“separate 5.42 metre interval grading 1.41% Pb”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Hole 7AMolly · leadGrade: 4.97Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
Hole 7A
Project
Molly
Commodity
lead
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
4.97
Grade Unit
%
Intercept
1 m

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A high-grade lead sub-interval, further highlighting lead mineralization.

Positive factors

  • High-grade lead sub-interval.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“1.00 metre at 4.97% Pb”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 19Molly · goldGrade: 306.2Grade Unit: g/tIntercept: 1.8 mView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
306.2
Grade Unit
g/t
Intercept
1.8 m

Classification

Program
exploration
Sample Type
surface

Location

Location
Vivi
Loc. Source
document

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: An outstanding bonanza gold grade from surface sampling, suggesting a very high-grade target at Vivi.

Positive factors

  • Exceptional bonanza gold grade from exposed veins, indicating significant discovery potential.

Negative factors

  • Apparent width only, true width not disclosed.
  • Further work required to establish scale and continuity.

Evidence · text

“standout sample from a 1.8-metre-thick mineralised vein returned 306.2 g/t Au, 166.0 g/t Ag, 2.24% Cu, 2.19% Pb and 1.12% Zn”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 20Molly · silverGrade: 166Grade Unit: g/tIntercept: 1.8 mView all details
Link to this fact

Identity

Project
Molly
Commodity
silver
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
166
Grade Unit
g/t
Intercept
1.8 m

Classification

Program
exploration
Sample Type
surface

Location

Location
Vivi
Loc. Source
document

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A strong silver grade accompanying the bonanza gold, enhancing the polymetallic potential.

Positive factors

  • High silver grade associated with bonanza gold mineralization.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“166.0 g/t Ag”

Context: standout sample from a 1.8-metre-thick mineralised vein returned 306.2 g/t Au, 166.0 g/t Ag, 2.24% Cu, 2.19% Pb and 1.12% Zn

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 21Molly · copperGrade: 2.24Grade Unit: %Intercept: 1.8 mView all details
Link to this fact

Identity

Project
Molly
Commodity
copper
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
2.24
Grade Unit
%
Intercept
1.8 m

Classification

Program
exploration
Sample Type
surface

Location

Location
Vivi
Loc. Source
document

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A strong copper grade accompanying the bonanza gold, enhancing the polymetallic potential.

Positive factors

  • High copper grade associated with bonanza gold mineralization.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“2.24% Cu”

Context: standout sample from a 1.8-metre-thick mineralised vein returned 306.2 g/t Au, 166.0 g/t Ag, 2.24% Cu, 2.19% Pb and 1.12% Zn

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 22Molly · leadGrade: 2.19Grade Unit: %Intercept: 1.8 mView all details
Link to this fact

Identity

Project
Molly
Commodity
lead
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
2.19
Grade Unit
%
Intercept
1.8 m

Classification

Program
exploration
Sample Type
surface

Location

Location
Vivi
Loc. Source
document

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A strong lead grade accompanying the bonanza gold, enhancing the polymetallic potential.

Positive factors

  • High lead grade associated with bonanza gold mineralization.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“2.19% Pb”

Context: standout sample from a 1.8-metre-thick mineralised vein returned 306.2 g/t Au, 166.0 g/t Ag, 2.24% Cu, 2.19% Pb and 1.12% Zn

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 23Molly · zincGrade: 1.12Grade Unit: %Intercept: 1.8 mView all details
Link to this fact

Identity

Project
Molly
Commodity
zinc
Region
brazil
Reported Region
brazil
Ticker
JAN

Geometry

Grade
1.12
Grade Unit
%
Intercept
1.8 m

Classification

Program
exploration
Sample Type
surface

Location

Location
Vivi
Loc. Source
document

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A good zinc grade accompanying the bonanza gold, enhancing the polymetallic potential.

Positive factors

  • Significant zinc grade associated with bonanza gold mineralization.

Negative factors

  • Apparent width only, true width not disclosed.

Evidence · text

“1.12% Zn”

Context: standout sample from a 1.8-metre-thick mineralised vein returned 306.2 g/t Au, 166.0 g/t Ag, 2.24% Cu, 2.19% Pb and 1.12% Zn

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Resource Estimates (2)

inferredMolly · goldTonnes: 2100000Grade: 2Grade Unit: g/tContained Metal: 130000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Molly
Commodity
gold
Region
brazil
Reported Region
Brazil
Ticker
JAN

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:e5c0735a1da7b5789760

Resource Data

Category
inferred
Tonnes
2100000
Grade
2
Grade Unit
g/t
Contained Metal
130000
Contained Unit
oz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The historical resource provides a starting point but is of low confidence due to its Inferred category and older reporting standard.

Positive factors

  • Establishes a baseline resource for the project.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is historical (JORC 2004), requiring verification to meet current standards.

Evidence · text

“JORC (2004) Inferred Resource of approximately 130,000 oz Au from 2.1Mt at 2.0 g/t Au”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredParanaíta · goldGrade: 3.165Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all details
Link to this fact

Identity

Project
Paranaíta
Commodity
gold
Region
brazil
Reported Region
brazil
Ticker
JAN

Resource scope

Estimate type
resource
Reporting standards
other

Resource Data

Category
inferred
Grade
3.165
Grade Unit
g/t
Contained Metal
210000
Contained Unit
oz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A substantial internally generated gold resource, providing a second growth opportunity, though its category is likely Inferred.

Positive factors

  • Establishes a significant gold resource for the project.
  • Compliant with CBRR reporting standards.

Negative factors

  • Resource is internally generated, implying it may be early-stage or entirely Inferred.
  • Tonnage not explicitly stated, only contained metal and grade.

Evidence · text

“internally generated CBRR-compliant resource of approximately 210,000 oz Au at 3.165 g/t”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.