Largo Provides Production Update for Maracas Menchen Mine in Brazil

Largo Resources Ltd. (TSXV:LGO) provided an update on production at its Maracas Menchen mine in Brazil, which hit new production records in March.

As quoted in the press release:

During the month of March, production rates and recoveries at the Project stabilized and increased significantly, including at the leaching system. Several new records were achieved for overall production rates during March including a new record for production in a single day of 21 tonnes, or approximately 81 percent of design capacity.

Recovery rates at the milling, kiln and leaching systems have each met and surpassed design targets over several days in March and daily production rates were at or above 19 tonnes (at or above approximately 72 percent capacity), for a total of 14 days in March.

Also during the month of March the Company celebrated the conclusion of shipments totaling 2,000 tonnes of material under its offtake agreement since deliveries commenced in September, 2014.

Michael Mutchler, CEO of Largo Resources, commented:

We are extremely pleased with the recent stability we have achieved at the Project. During the month of March the Project has demonstrated its ability to achieve design recoveries at several systems, while production rates have also grown substantially overall. We are still in the ramp-up period, and as such, there is still more work to do to achieve capacity and design rates on a stabilized basis, but the significant improvement in performance this month has provided an excellent foundation to continue to grow production and consistency.

Click here to read the full Largo Resources Ltd. (TSXV:LGO) press release.