Largo Announces Production Costs of $3.91 per pound of Vanadium Pantoxide

Largo Resources Ltd. (TSXV:LGO)announced actual production costs for the month of March were US $3.91 per pound of vanadium pentoxide at its Maracas Menchen Mine Project in Bahia, Brazil.

As quoted in the market news,

Production costs of $3.91 per pound are based on actual production of 472 tonnes (or approximately 1 million pounds) of vanadium pentoxide and include royalties, as well as operational Sales, General and Administrative costs (“SG&A“).²

Mark Smith, President and Chief Executive Officer to Largo, stated:

This is an extremely important milestone for the Project and further demonstrates the phenomenal potential of the Maracas Menchen Mine.

To have achieved production costs of $3.91 per pound before operations are fully optimized is a strong indication of what this project is capable of once it reaches full capacity. These costs place Largo within the lowest quartile of primary vanadium production costs globally.

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