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anglo pacific group plc

Largo’s Maracás Menchen mine 20% production increase over Q1 2019

Total production during Q2 2019 from the Maracás Menchen Mine was 2,515 tonnes of V2O5, representing a 20% increase over Q1 2019 and a 2% increase over Q2 2018. Production increased throughout Q2 2019 following the completion of the kiln refractory replacement in March, with 755 tonnes of V2O5 produced in April and 834 tonnes in May. The Company achieved a monthly V2O5 production record in June of 926 tonnes following the installation and start-up of the new deammoniator unit as part of the expansion project ramp up. This was superseded by a new monthly V2O5 production record set in July of 1,042 tonnes, representing an increase of 13% over the month prior.

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. 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.

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