Photo by: Largo Resources
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.