About the Maracás Menchen Mine

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 - 5.65/lb V2O5

Cash operating cost excluding royalties for 2023

9,000 - 11,000 tonnes

Annual V2O5 production guidance for 2023

8,700 - 10,700 tonnes

Annual V2O5 sales guidance for 2023

The Maracás Menchen Mine

Ownership 99.94%
2023 V2O5 production guidance 9,000 - 11,000 tonnes
Location Bahia State, Brazil
2023 cash operating cost guidance US$4.85 – 5.65/lb V2O5
Commodity Vanadium
2023 V2O5 sales guidance 8,700 - 10,700 tonnes
Mining Type Open pit
Reserve life 20 years*
Products
  • VPURE™ Flake
  • VPURE+™ Flake
  • VPURE+™ Powder
Number of employees 379
Ownership 99.94%
Location Bahia State, Brazil
Commodity Vanadium
Mining Type Open pit
Products
  • VPURE™ Flake
  • VPURE+™ Flake
  • VPURE+™ Powder
Number of employees 379
2021 V2O5 production guidance 11,400 - 11,800 tonnes
2021 V2O5 sales guidance 11,200 - 11,800 tonnes
2021 cash operating cost guidance US$3.10 – 3.30/lb V2O5
Reserve life 20 years (Campbell Pit)*

*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).

Map Pin Maracas Map

Campbell Pit Reserves and Resources

Extracting additional value from the Maracás Menchen Mine

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.

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