1 Conversion of tonnes to pounds, 1 tonne = 2,204.62 pounds or lbs. 2 Effective grade represents the percentage of magnetic material mined multiplied by the percentage of V2O5 in the magnetic con centrate. 3 Global recovery is the product of crushing recovery, milling recovery, kiln recovery, leachi
4 ,
er 2 O 5 Equivalent Sold
Q 2 2 2 O 5 production of 3, 6.8 s 1 2 2 vs.
• Q 2 1 26 • 2 O 5 production d e - was 2 O 5 recovery rate 3 of 81.8 2 79.9 •
• 2 O 5 equivalent 91 2 9 4 7 • 2 O 5 in Europe was $11.08, a 3%
of • of the Company’s ilmenite concentration plant c and •
- day shutdown 2 O
9 – 950 2 O – 12,400 tonnes maintained • ”
• s subject to ;
- . (" ") ( ) ( )
6.8 1 )
2 O 5 ”) s Menchen Mine in Q 2 2 “ 2 O . its -
. In Q2 2022, s and e are e sales “ We remain “ LDESS ”
c ustomers to u z e L PV s .
the á s Menchen Mine
| Effective Grade (%) - produced (Flake + Powder) (tonnes) O produced (equivalent pounds) 2 5 O equivalent sold (tonnes) 2 5 O equivalent sold (tonnes) 2 5 O equivalent sold (tonnes) 2 5 O 2 5 | 2021 Q 2 1. 15 | |
|---|---|---|
| 5 |
Q 2
• : 2 O 5 p roduction s Menchen Mine was ew 2 O 5 production record 2 O 5 production in April d e - and . T - of July to complete a kiln refractory refurb ishment 3 averaged % , representing a 2% increase over the 7 9.9 and 7.5 1 2 .
2 O 5 grade 2 18 Q 2 2 compared to 2 O 5 2 15 Q 2
- Q 2 - : In Q2 2022, 2 O 5 equivalent 5 08 ) trended back in - line with
.
ed of it anticipates reduc ing
• : As
- . T he a ward negotiation in and 4.2 T he Company expects to complete the
• C ontrac t :
ment of
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- 14 , 2022 and will terminate on the termination
TM TM products, which are sourced from one of the world's highest -
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ior
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‐ VRFB business, our ability to protect and develop our technology, our ability to maintain our IP, the competitiveness of our product in an evolving market, our ability to market, sell and deliver our VCHARGE batteries on specification and at a competitive price, our ability to secure the required production resources to build and deploy our VCHARGE batteries,, the timing of completion of the product development and stack manufacturing facility in R GE Product achieving the CE - -
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risks, uncert ainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo or Largo Clean Energy to be materially different from those expressed or implied by such -
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1 Conversion of tonnes to pounds, 1 tonne = 2,204.62 pounds or lbs.
2 Effective grade represents the percentage of magnetic material mined multiplied by the percentage of V2O5 in the magnetic concentrate.
3 Global recovery is the product of crushing recovery, milling recovery, kiln recovery, leaching recovery and chemical plant recovery.