A U G U S T / S E P T E M B E R 2 0 1 9
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For Q2 2019, total production was
2,515 tonnes of V
2
O
5
, which represents
an increase of 20% over Q1 2019 and a
2% increase over Q2 2018. The company
achieved a new monthly V
2
O
5
production
record of 926 tonnes in June. According
to Largo, this was a result of greater opera-
tional stability at the plant in addition to
the optimization of the new and existing
deammoniators as part of the commission-
ing and ramp-up phase of the company's
expansion project.
The lower V
2
O
5
production of 755
tonnes in April was impacted by the
restart of operations following the kiln
refractory replacement that was completed
in late March. Global V
2
O
5
recovery rates
averaged 79.1% during Q2 2019, in line
with Q2 2018.
Production guidance for 2019 is 10,000-
11,000 tpa of V
2
O
5
at a cash operating cost
of US $3.45 – 3.65/lb V
2
O
5
. The Campbell
pit has a nine-year reserve life. Glencore
has a 100% off-take.
At the Novo Amparo Norte deposit
(NAN) in Maracas, Brazil, Largo has
updated its resources. Total measured and
indicated resources are 12.23 M tonnes
grading 0.88% V
2
O
5
with magnetic con-
centrate grades of 2.41% V
2
O
5.
Inferred
resources are 11.33 M tonnes grading
0.90% V
2
O
5
with magnetic concentrate
grades of 2.46% V
2
O
5
. The resource is
defined over a strike length of approxi-
mately 2 km and remains open to the south
and at depth.
The NAN deposit is located about 6.5
km north of the Maracas Menchen Mine.
VanadiumCorp Resource Inc.
[VRB-
TSXV; APAFF-OTCQX; NWN-FSE] is an
integrated technology and mining com-
pany focused on commercializing the
production of vanadium with jointly
developed process technology.
The company has 100% interests in two
Quebec projects: the vanadium-titanium-
iron Lac Dore Project near Chibougamau,
adjacent to Blackrock Metals, and
the Iron-T Project near the Glencore
(Bracemac-McLeod) Matagami copper-zinc
mine.
VanadiumCorp recently signed a letter
ENERGY METALS
