About the Maracás Menchen Mine

The Maracás Menchen Mine, located in Bahia State, Brazil, is home to one of the world’s highest-grade vanadium resources and spans 48,954 hectares. With excellent access to infrastructure, the mine is roughly 250 km southwest of Salvador and 813 km northeast of Brasília, offering streamlined logistics for mining and processing operations. As one of the lowest-cost primary producer of vanadium and a growing producer of ilmenite, we leverage our world-class asset to deliver premium products to global markets.



At Largo, vertical integration drives our success. By maintaining full control of the value chain—from mining and processing at the Maracás Menchen Mine to global sales and distribution—we ensure exceptional quality and reliability for our customers. In addition to vanadium, the mine produces ilmenite, a titanium-iron oxide critical for pigments and other industrial applications, further diversifying Largo’s revenue streams. These operations support our mission to deliver premium products to critical industries while contributing to a better future through our high-grade vanadium solutions.

Highlighted figures (2024)

9,264t

V2O5 eq. produced

9,600t

V2O5 eq. sold

2014

First production

The Maracás Menchen Mine

Ownership 99.94%
2025 V2O5 production guidance 9,500 - 11,500 tonnes
Location Bahia State, Brazil
2025 cash operating cost guidance US$4.50 – 5.50/lb V2O5
Commodities Vanadium
Titanium 
2025 V2O5 sales guidance 7,500 - 9,500 tonnes
Mining type Open pit
Mine life 31 years*
Products
  • VPURE® Flake
  • VPURE+® Flake
  • VPURE+® Powder
  • Ilmenite Concentrate
Number of employees 494
Ownership 99.94%
Location Bahia State, Brazil
Commodities Vanadium
Titanium
Mining type Open pit
Products
  • VPURE® Flake
  • VPURE+® Flake
  • VPURE+® Powder
  • Ilmenite Concentrate
Number of employees 494
2025 V2O5 production guidance 9,500-11,500 tonnes
2025 V2O5 sales guidance 7,500-9,500 tonnes
2025 cash operating cost guidance US$4.50 – 5.50/lb V2O5
Mine life 31 years*

*Technical information contained in NI 43-101 technical report titled “An Updated Life of Mine Plan (LOMP) for Gulçari A (Campbell Pit) and Pre-Feasibility Study for Gulçari A Norte (GAN), Novo Amparo (NAO), Novo Amparo Norte (NAN) and São José (SJO) Deposits–Maracás Menchen Project, Bahia State, Brazil” dated October 30, 2024, with an effective date of January 30, 2024.

Maracás Menchen Mine technical report
Map Pin Maracas Map

Maracás Menchen Project Reserve and Resource Estimates

Extracting additional value from the Maracás Menchen Mine

Ilmenite Concentration Plant

The Company continues to refine its processes to improve efficiency and throughput, with further optimization efforts underway as operations stabilize and quality enhancements take effect. Aiming to enhance the value at its Maracás Menchen Mine, Largo completed construction of its ilmenite concentration plant in 2023, which uses feedstock sourced from its vanadium existing operations.

Largo plans to produce between 25,000 and 35,000 tonnes and sell between 20,000 and 30,000 tonnes of ilmenite concentrate, respectively, in 2025.

Maracás Menchen Project – Non-Magnetic Reserve and Resource Estimates in Ponds