“Better late than never. Better to have anything than to have nothing at all. The quest for excellence is for fools not for us” = The modus operandi of Largo's executives with their 7-figure individual annual compensation.
2024 Ilmenite Production / Sales Guidance
A walk down memory lane
Largo Resources Approves Construction of New Ilmenite Concentration Plant
Mr. Daniel Tellechea reports:
TORONTO / Mar 18, 2021 / Business Wire / Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORD) is pleased to announce that the Company’s Board of Directors (the “Board”) has approved the construction of a new ilmenite concentration plant.
Commercial production from the new plant is expected early in 2023 and the plant's capacity will be approximately 150,000 tonnes of ilmenite concentrate per annum. The Company started an ilmenite pilot plant in October 2019. Based on the promising results, the Board approved construction of a full-scale plant. The advanced engineering and construction of the ilmenite concentration plant is expected to cost approximately US$25.2 million with the majority of these costs being incurred in 2022. The Company is also further evaluating the potential to produce titanium dioxide pigment as a possible follow-on product.
Paulo Misk, President and Chief Executive Officer of Largo, stated: “The approval of our new ilmenite concentration plant is another step to increase and diversify our revenues. As we work to complete this project, we will also continue to explore the feasibility of extracting additional value from the Company’s mineral resource.”
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/663-tsx/lgo/95388-largo-resources-approves-the-construction-of-a-new-ilmenite-concentration-plant.html