Primary vanadium producer Largo reports higher Q1 output, plans to supply base metals, PGMs
TSX- and Nasdaq-listed vanadium and ilmenite producer Largo has achieved a 101% year-on-year increase in vanadium pentoxide ( V2O5) production to 2 616 t in the first quarter of the year.
This compares to 1 297 t of V2O5 produced in the first quarter of last year.
Total ore mined increased by 90% year-on-year to 852 046 t, while the effective ore grade was also higher at 0.48%, compared with 0.41% in the prior corresponding quarter.
Largo’s first-quarter sales totalled 2 141 t of V2O5-equivalent, which increased by 3.6% year-on-year.
In turn, ilmenite concentrate production also increased by 86% year-on-year to 11 514 t in the quarter under review, compared with 6 162 t of ilmenite having been produced in the same quarter last year.
Sales of ilmenite concentrate increased by 32% year-on-year to 11 477 t in the reporting quarter.
Meanwhile, Largo has filed a request with the Brazilian Mining Agency to produce and sell copper, platinum group metals (PGMs), nickel and cobalt as by-products within its existing mining activities at the Maracás Menchen mine, using its existing ore processing infrastructure.
Largo’s byproduct testwork, which is verified by an external, certified laboratory, has revealed grades of 16.6% copper, 13.4 g/t gold, 22.5 g/t platinum, 22.4 g/t palladium, 69 g/t silver, 0.8% nickel, 0.8% cobalt and 0.1 g/t rhodium.
This data is the average of the second period of four days of continuous industrial-scale testing using current mine feed from Maracás Menchen.
Moreover, Largo advises of corporate changes including Luis Rendón having been appointed as sole COO and Luânder Peixoto having been promoted to serve as group general counsel.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.
VISIT SHOWROOM
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
