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Largo Resources rattling along at Maracas Menchen

Last updated: 15:10 26 Aug 2015 EDT, First published: 20:10 26 Aug 2015 EDT

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Largo continues to make operational improvements at Maracas Menchen

Brazil-focused Largo Resources (CVE:LGO) has raised the bar again in terms of production at its Maracas Menchen mine in Brazil.

The company achieved a new daily production record on Monday August 23rd of 27 tonnes of vanadium oxide (V2O5), which represents around 102% of the plant's daily design capacity.

It did not take long for the company to top this, however, cranking production up to around 110% of the plant's daily design capacity with 29 tonnes banged out the following day.

The company also recently achieved a new record for a single production shift (one of three per day) of 11 tonnes, which, if matched by the other two shifts, indicates 33 tonnes of V205 could be produced.

Largo said more than 10mln pounds of V205 has been produced thus far in August.

"This is an enormous achievement for Largo and the Maracas Menchen Mine. Following a record month of production in July of 607 tonnes, we have again set new records in August by achieving daily production rates above design capacity over two consecutive days," declared an exultant Mark Smith, president and chief executive officer of Largo.

"These records demonstrate the plant's increasing operating efficiency as well as proves that we are able to achieve stability at levels at and above the plant's design capacity," he added, before going on to pay tribute to the mine's technical team.

"We expect to see continuing growth in average production rates over the next several months as our engineering improvements are installed," Smith declared.

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