The Maracás Menchen Mine boasts one of the highest-grade vanadium resources in the world and Largo is one of the lowest-cost primary producers of vanadium in the world. The Maracás Menchen Mine property totals 17,690 hectares and is located in the eastern Bahia State of Brazil. The mine is roughly 250 km southwest of Salvador (capital of Bahia) and 813 km northeast of Brasilia (capital of Brazil). The Maracás Menchen Mine has excellent access by road from Salvador to the mine via 405 km of paved secondary road from the main costal highway in Bahia and via a direct project access road of about 50 km west of the town of Maracas.
US$4.85 - 5.25/lb V2O5
Cash operating cost excluding royalties for 2023
11,000 - 12,000 tonnes
Annual V2O5 production guidance for 2023
10,300 - 11,300 tonnes
Annual V2O5 sales guidance for 2023
*Maracas Menchen Project, Bahia, Brazil, Independent Technical Report - An Updated Life Of Mine Plan (“LOMP”) For Campbell Pit and Pre-Feasibility Study for Gan And Nan Deposits. December 16th, 2021 (effective date October 10th, 2021).
Reserve Statement
Effective October 10, 2021
Resources Statement
Ilmenite Concentration Plant
Aiming to enhance the value at its Maracás Menchen Mine, Largo is completing construction of its ilmenite concentration plant in Brazil using feedstock sourced from its existing operations. The Company received all required flotation structures and is finalizing the building of its desliming, flotation, filtration, warehouse and pipe rack structures ands expects commissioning of the plant to be completed in Q2 2023. Commercial production from the new plant is expected early in H2 2023 and the plant's capacity will be approximately 150,000 tonnes of ilmenite concentrate per annum. The Company is also further evaluating the potential to produce titanium dioxide pigment as a possible follow-on product.
Historical production summary
Mining processing
Geology maps