What we own

Anglo Pacific has a 2% NSR royalty on all mineral products sold from the area of the Maracás Menchen project to which the royalty interest relates. The project is located 250km south-west of the city of Salvador, the capital of Bahia State, Brazil and is 99.97% owned and operated by TSX Venture Exchange listed Largo Resources Limited (‘Largo’).

Performance

Maracás generated yet another year of record revenue for Anglo Pacific in 2018. Royalty related revenue of £5.9m was almost triple the amount earned in 2017, predominantly due to significantly higher vanadium (V₂O₅) prices.