Largo Announces Operational Update

Jan. 16, 2015 07:13AM PST

Largo Resources Ltd. (TSXV:LGO) announced an operational update for its Maracas Menchen mine.

As quoted in the press release:

To date, a total of approximately 1,140 tonnes (2.5 million lbs) has been shipped from the Maracas Mine. This represents an increase of approximately 408 shipped tonnes (.9 million lbs) since the Company’s last operational update on December 3, 2014 (see press release dated December 3^rd). The Company currently has approximately 60 tonnes of recent production in inventory, and commercial shipments have been continuing on a weekly basis.

Mark Brennan, Largo’s president and CEO, stated:

We continue to see steady growth in the ramp up of the Maracas Mine. We are achieving greater stability in the operations and expect to see continued momentum in our production growth to reach our Phase 1 target production by the third quarter.

Click here for the Largo Resources Ltd. (TSXV:LGO) press release

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