Largo Inc. announced results from an updated Life of Mine Plan and Pre-Feasibility Study for its Maracás Menchen operation in Brazil, revealing a 67% increase in Mineral Reserves and a 64% increase in Mineral Resources. This expansion extends the mine life by an additional 13 years, now projected to last until 2054.
The updated plan estimates a post-tax Net Present Value (NPV) of $1.1 billion at a 7% discount rate and undiscounted accumulated cash flows of $3.8 billion over the project's life. Total capital expenditures (CAPEX) for the project are estimated at $575.4 million, including $22.0 million for ilmenite plant expansion and $480.1 million for a TiO2 pigment plant.
This significant increase in resource base and mine life reaffirms Largo's position as a secure and reliable supplier of critical materials. The long-term potential of the Maracás Menchen operation is enhanced, supporting future production scenarios for both vanadium and titanium products.
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