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Largo provides operational update

2017-04-21 14:36:16  【Print】
BEIJING (Asian Metal) 21 Apr 17 - Largo Resources Ltd.Asian Metal Copyright Improvements were also completed in the fusion area, which should increase production capacity.Asian Metal Copyright ("Largo" or the "Company") provided an operation update for its Maracás Menchen Mine ("the Mine") and to announce that it has entered into a term loan agreement.

The Company has now completed its 20-day shutdown which was required to replace the kiln refractory and production has already returned to normal levels.Asian Metal Copyright Improvements were also completed in the fusion area, which should increase production capacity.Asian Metal Copyright The Mine was able to stockpile sufficient intermediate feedstock such that production continued during the kiln shutdown (albeit at a lower than normal level) and Largo was able to meet its productions commitments during this time frame.

While the kiln refractory was being replaced, the Company was also able to incorporate several new improvements in the leaching and kiln sections of the plant to further increase recoveries.Asian Metal Copyright The Company anticipates that these efforts in improving overall recoveries will enable it to achieve monthly production of up to 840tpm starting as early as May 2017 – which is 5% greater than original nameplate capacity.Asian Metal Copyright Improvements were also completed in the fusion area, which should increase production capacity.Asian Metal Copyright While the kiln refractory was being replaced, the Company was also able to incorporate several new improvements in the leaching and kiln sections of the plant to further increase recoveries.Asian Metal Copyright The Company anticipates that these efforts in improving overall recoveries will enable it to achieve monthly production of up to 840tpm starting as early as May 2017 – which is 5% greater than original nameplate capacity.

About Largo

Largo Resources Ltd.Asian Metal Copyright The Company has now completed its 20-day shutdown which was required to replace the kiln refractory and production has already returned to normal levels.Asian Metal Copyright is a growing strategic mineral company focused on the production of vanadium pentoxide at its Vanadio de Maracás Menchen Mine.

.Asian Metal Copyright Improvements were also completed in the fusion area, which should increase production capacity.Asian Metal Copyright

Ferro-vanadium

80% FOB China

Unit:USD/kg V
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