Maracás Menchen Update
Largo extended Maracás Menchen mine life to 2054 and increased mineral reserves by 67%, benefiting Ecora's 2% NSR royalty.
- Mineral Reserves increase 67%
- Reserve based mine life extension 13 years
Select text to share a quote on X · sign in to keep highlights & notes in your ECOR notes
Ecora Resources PLC (LSE/TSX: ECOR) notes the press release issued today by Largo Inc. ("Largo") regarding the results of an updated Life of Mine Plan ("LOMP") and Pre-Feasibility Study completed on Largo's Maracás Menchen vanadium-titanium operation located in Bahia State, Brazil. Ecora has a 2% Net Smelter Return royalty on all mineral products from the area of the mine to which the royalty interest relates.
The highlights of the LOMP and Pre-Feasibility Study include a thirteen year increase in the reserve based mine life (out to 2054) and a 67% increase in Mineral Reserves.
The full press release can be found here: https://www.largoinc.com/news/news-details/2024/Largo-Announces-Results-of-an-Updated-Life-of-Mine-Plan-and-Pre-Feasibility-Study-for-its-Vanadium-Titanium-Operation-in-Brazil-67-Increase-in-Mineral-Reserves-64-Increase-in-Mineral-Resources-31-Year-Mine-Life-with-US1.1-Billion-NPV7-Estimate/default.aspx
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.