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Largo Resources Announces Strong Q2 2019 Production Results

Mining News - Published on Fri, 12 Jul 2019

Image Source: SteelGuru
Largo Resources Ltd announced Q2 2019 production results from its Maracas Menchen Mine with 2,515 tonnes of vanadium pentoxide produced at an average global recovery rate1 of 79.1 %. Total production in Q2 2019 from the Maracas Menchen Mine was 2,515 tonnes of V205 representing an increase of 20% over Q1 2019 and a 2% increase over Q2 2018. In addition, the Company achieved a new monthly V205 production record of 926 tonnes in June as a result of greater operational stability at the plant in addition to the optimization of the new and existing deammoniators as part of the commissioning and ramp-up phase of the Company's expansion project. Lower V205 production of 755 tonnes in April was impacted by the restart of operations following the kiln refractory replacement which was completed on March 31, 2019.

Global V205 recovery1 rates averaged 79.1% during the quarter are in line with Q2 2018 and demonstrate another strong quarter of global recoveries1 for the Company. The expansion project to increase production capacity at the Maracas Menchen Mine by 25% from 800 tonnes of V205 per month to 1,000 tonnes continues to advance successfully. The Company plans to install an additional ball mill in August and expects to finalize the commissioning and ramp-up phase in Q3 2019, reaching the new nameplate capacity of 1,000 tonnes of V205 per month in Q4 2019.

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Posted By : Sanju Moirangthem on Fri, 12 Jul 2019
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