Largo Inc T.LGO

Ilmenite production capacity

[kha341]

 

2023 Ilmenite production capacity = 145Kt/yr and not 425Kt/yr as reported by Andrew Wong  

Q3-22 CC

Paulo Misk: Yes, ilmenite concentration plan is our first step of the titanium business. We expect to conclude that plan in Q2, specifically May. So you start we are expecting to have three, four months of hump up until reaching 145,000 tonnes of ilmenite being produced.

RBC Report March 2023

The project can ramp up capacity to 425Kt/yr ilmenite and 120Kt/yr TiO2, but further expansions are currently on hold while the company explores potential funding and strategic options.

[NewfNewf]

Looks like Andrew is referring to its expansion capabilities in that statement but i don't recall ever seeing that expansion number before. Maybe it was a question that Andrew asked recently. 

[kha341]

Ilmenite Concentration Plant Expansions Phase 3 (originally planned for 2028) = 425Kt capacity supposedly to support its TiO2 Pigment Plant expansion. However the Phase 1 of the TiO2 Pigment Plant project is currently delayed therefore both the TiO2 and Ilmenite expansion plans are also on hold. Some US$300M are expected in terms of  CAPEX requirements for the TiO2 Pigment Plant + TiO2