Shareholders and friends,
We are pleased to inform you that we have achieved a new daily production record at the Maracas Menchen Mine.
Yesterday, we achieved a new production record of 26 tonnes in a single day, which represents approximately 100% of the plant’s design capacity.
In fact, July has so far proved to be a month of new records for daily production.
The month began with a new record of 24 tonnes produced in a single day, or approximately 90% of design capacity. And earlier this week, production in a single day totaled 25 tonnes, or, 94% of capacity.
During the month of July the project has produced at or above 24 tonnes (at or above 90% of design capacity), for a total of 4 days, and over 20 tonnes (at or above 80%) for a total of 10 days.
We are encouraged by the progress we are making and will look forward to providing a thorough operational update in the near term.
Mr. Michael Mutchler, Largo’s Chief Operating Officer, and a Qualified Person as defined by NI 43-101, has reviewed the contents herein