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Largo Resources Record full year production of Vanadium from Maracás Menchen Mine

Largo Resources Ltd. (TSX: LGO) (OTCQX: LGORF) is very pleased to report fourth quarter and full year 2018 production results from its Maracás Menchen Mine highlighted by a new quarterly production record of 2,595 tonnes of vanadium pentoxide and record full year production of 9,830 tonnes of V2O5. Largo delivered strong operational performance in 2018 exceeding the Company’s midpoint guidance of 9,650 tonnes of V2O5 at record production rates. Management is confident in its ability to deliver continued operational success through its production and cost guidance for 2019.

Total production from the Maracás Menchen Mine in 2018 was 9,830 tonnes of V2O5, exceeding the Company’s midpoint of guidance by 2%. This represents an increase of 6% over FY 2017 and is the strongest full year of production from the mine since operations commenced in 2014. The Company also achieved a new quarterly production record in Q4 2018 with 2,595 tonnes of V2O5 produced, up 2% from the previous quarter and representing the fourth consecutive quarter of production growth during 2018.

 

Anglo Pacific (LON:APF) has a 2% NSR royalty on all mineral products sold from the area of the Maracás Menchen project to which the royalty interest relates. The project is located 250km south-west of the city of Salvador, the capital of Bahia State, Brazil and is 99.97% owned and operated by TSX Venture Exchange listed Largo Resources Limited (‘Largo’).

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.