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Largo Resources Ltd. (TSXV:LGO) announced that yesterday it made the first shipment of vanadium pentoxide from its Brazil-based Maracas Menchen mine.
Largo Resources Ltd. (TSXV:LGO) announced that yesterday it made the first shipment of vanadium pentoxide from its Brazil-based Maracas Menchen mine.
As quoted in the press release:
Production rates are stabilizing between 8 and 12 tonnes of material per day, which represents approximately 40% of the Project’s Phase 1 target capacity and is in line with the Company’s expected production for this stage of the ramp-up.
Production commenced at the Project on August 2, 2014. 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 12 months of operations.
Mark Brennan, president and CEO of Largo, commented:
We are extremely pleased to have now commenced commercial shipments of material after having encountered and addressed a number of technical issues commonly associated with early start up phases at mining facilities. This is certainly a major step in the ramp-up process, and we look forward to realizing cash-flow from operations in the near-term.
Click here to read the full Largo Resources Ltd. (TSXV:LGO) press release.