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Largo Resources (TSXV:LGO) announced that production remains stable at its Maracas Menchen mine, with 8 to 12 tonnes of vanadium pentoxide produced per day – equivalent to 40 percent of total capacity. Production volumes are expected to steadily increase with a goal of reaching phase 1’s capacity of 9,600 tonnes per annum by or before one year of operations.
Largo Resources (TSXV:LGO) announced that production remains stable at its Maracas Menchen mine, with 8 to 12 tonnes of vanadium pentoxide produced per day – equivalent to 40 percent of total capacity. Production volumes are expected to steadily increase with a goal of reaching phase 1′s capacity of 9,600 tonnes per annum by or before one year of operations.
According to the press release:
Production rates remain stable between 8-12 tonnes of vanadium pentoxide per day, or approximately 40% of total capacity, with production having been achieved at 14 tonnes per day, which represents approximately 50% of total capacity.
Numerous shipments of material have been made, and first revenues from sales of material have been received.
Production volumes are expected to continue to steadily increase over the coming months with the goal of reaching the Project’s Phase 1 nameplate capacity of 9,600 tonnes per annum by or before month 12 of operations.
Michael Mutchler, chief operating officer for Largo, said:
We are extremely pleased with our recent progress. We have established stable operations at each area of the plant and have demonstrated that we can run each system effectively. Although total plant is currently stable at 40% of capacity, it is important to note that we have now successfully run many of the subsystems at their full capacity levels.
Click here to read the Largo Resources Ltd. (TSXV:LGO) press release