Largo Resources’ Vanadium Pentoxide Output Down by 5% YOY in Q1 2019

BEIJING (Asian Metal) 15 May 19 – On May 14, Canadian-based Largo Resources Ltd. announced its operational results for the first quarter of 2019.

Total production from the Maracas Menchen Mine in Q1 2019 was 2,099 tonnes of vanadium pentoxide (“V2O5”), representing a 5% decrease over Q1 2018. Lower production during the quarter was largely due to the completion of the kiln refractory replacement which occurred during the month of March 2019 and resulted in 11 days of production downtime. The kiln was shut down for the refractory replacement from March 12, 2019 until March 31, 2019.

Sales of V2O5 during Q1 2019 were 2,100 tonnes, including 440 tonnes of high purity V2O5. This is an increase in high purity V2O5 sales of 80 tonnes compared with Q4 2018, and an increase of 40 tonnes compared with Q1 2018.