Largo Resources (TSXV: LGO) is maintaining its 2015 guidance at the Maracas Menchen vanadium mine in Bahia, Brazil, despite the slower than expected ramp up.
Maracas, which produced its first vanadium pentoxide (V2O5) flake last August, has been experiencing hiccups in reaching its phase 1 nameplate capacity of 9,600 tonnes V2O5 per year, or 26.4 tonnes per day, by September end.
“The primary issue the facility has been struggling with is mechanical conveyance issues – just trying to get the material from one part of the process to the other,” CEO Mark Smith says. He joined Largo in April and also serves as executive chairman of NioCorp Developments (TSX:NB; OTCQX: NIOBF) and was CEO of Molycorp until 2013.
Read the complete article at NorthernMiner.com/news/largo-in-brazil