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Largo Resources Secures Maracás Expansion Permit in Brazil

Largo Resources Ltd. (TSX:LGO) announced that Instituto do Meio Ambiente e Recursos Hidricos (“INEMA”) has published the Company’s environmental license (the “License”) for the Maracás Menchen Mine expansion project.

As previously announced on April 16, 2018, Largo has commenced an expansion project that focuses on increasing the production capacity of the milling, fusion (deammoniator, furnace and flaking wheel), leaching and filtering areas. The expansion will see production capacity at the Maracás Menchen Mine increase 25% from the nameplate rate of approximately 800 tonnes per month of vanadium pentoxide (“V2O5”) to 1,000 tonnes per month (the “Expansion Project”).

 

Anglo Pacific Group plc (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. 

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