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Largo ships first vanadium product

3rd September 2014

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

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TORONTO (miningweekly.com) – Vanadium producer Largo Resources announced on Tuesday that the first commercial shipment of vanadium pentoxide had left the Maracas Menchen mine’s gates, in Bahia state, Brazil.

TSX-V-listed Largo pointed out that production rates were stabilising between 8 t/d and 12 t/d of material, which represented about 40% of the project's Phase-1 target capacity and was in line with the ramp-up schedule.

Production started early last month, from when output steadily increased, with the goal of achieving the first phase of the project’s nameplate capacity of 9 600 t/y after a year.

"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 realising cash flow from operations in the near term,” Largo president and CEO Mark Brennan said.

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Edited by Tracy Hancock
Creamer Media Contributing Editor

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