Largo Resources Provides Operational Update, Topping Out at 75 Percent Capacity

Largo Resources (TSXV:LGO) has announced an operational update for its Maracas Menchen mine in Brazil, with production out topping out in the 55 to 75 percent capacity range in January so far. Since the last operational update in December, the company has shipped a further 408 tons of vanadium.

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 3rd). The Company currently has approximately 60 tonnes of recent production in inventory, and commercial shipments have been continuing on a weekly basis.

During the month of January 2015, the Maracas Mine production output has been running between approximately 55%-75% of capacity.

Mark Brennan, president and CEO of Largo, said:

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 to read the Largo Resources (TSXV:LGO) press release