The Conversation (0)
Largo Resources Ltd. (TSXV:LGO) released an operational update on its Maracás Vanadium Project in Brazil. Delayed delivery of the support rollers required for the kiln has forced the Company to revise its final schedule for the mechanical completion of the kiln area.
As quoted in the press release:
While Largo is pleased to inform investors that the majority of the system areas at the Maracás Project remain on track for commissioning in the Fourth Quarter of 2013, the Company hereby announces that a delay to the erection of the kiln has occurred because of the need to recast four of the support rollers required for the kiln. Delayed delivery of the rollers has forced Largo to revise its final schedule for the mechanical completion of the kiln area, and therefore for full commissioning of the Maracás Vanadium Project by approximately one month, to February 2014 (The additional delay will include a 10 day holiday by contractors over the Christmas period).
As announced on June 13, 2013, recasting became necessary when the quality standards of the original rollers procured from the kiln manufacturer were not met by its subcontractor. The four replacement rollers in question were only available to be loaded onto a ship at port on August 15, 2013 and are currently en route to Brazil. They are expected to arrive at site by early October, 2013.
At this time, Largo does not foresee, nor has any reason to believe, that there are any other issues that would cause additional delay beyond the current revised commissioning date.
Click here to read the Largo Resources Ltd. (TSXV:LGO) press release
Click here to see the Largo Resources Ltd. (TSXV:LGO) profile