Good Evening,
In the absence of an update from from Anglo Pacific Group (APF). Largo Resources has informed the market about their Maracás Menchen Mine, that APF has 2% net smelter royalty (NSR) on all
mineral products sold from. Shame about the current market price, dropping near 20% in 6 months, but production is going along swimmingly.
Over to Largo Resources,
NEW DAILY PRODUCTION RECORD ACHIEVED
Shareholders and friends,
We are extremely pleased to inform you that we achieved a new production record late last week at the Maracás Menchen Mine.
Production over a single day totaled 21 tonnes of vanadium pentoxide which represents approximately 81% of the plant’s Phase 1 design capacity.
Overall, March 2015 will be a record month for production at Maracás as production rates and recoveries have demonstrated significant improvement.
We are looking forward to providing a thorough update on production as soon as possible following the month’s close!
Atb Fraser
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