Symbol: LGO (TSX.V)
www.largoresources.com
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Crushing System Fully Operational with 18,000 Tonnes Crushed and
Stockpiled
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Grinding and Beneficiation System Commissioning is Underway and Vanadium
Pentoxide Concentrate Production has Commenced
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Evaporation System Mechanically Completed and Commissioning Initiated
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Kiln & Cooler Sections Mechanically Completed and Refractory
Installation Started
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Remaining Systems Nearing Completion
TORONTO, Feb. 3, 2014 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") is pleased to provide the following operational update for its
Maracás Vanadium Project in Bahia, Brazil (the "Project").
The milling and beneficiation system is being commissioned and
production of vanadium pentoxide concentrate has commenced. Largo
expects to stockpile 5,000 tonnes of this concentrate in preparation
for the commissioning of the kiln.
The salt evaporation system has been mechanically completed and is
presently being commissioned.
The kiln and cooler sections are mechanically complete and refractory is
now being installed in the kiln, cooler, and the intake and exhaust
chutes. Assembly work continues on the electrostatic precipitator in
preparation for kiln startup.
The leaching, desilication, precipitation, flash drying, deammoniation
and fusion furnace systems all remain on track for targeted Q1 2014
completion.
Mr. Mark Brennan, Chief Executive Officer of Largo, stated "We are very
excited by the progress of construction and commissioning at the
Project, with all systems expected to be commissioned in Q1 of this
year".
About Largo
Largo is a growing strategic mineral company with projects in Brazil and
Canada. The immediate goal of the Company is to complete the
development of its Maracás Vanadium Project which is expected in the
first quarter of 2014. Largo also has interests in a portfolio of other
projects, including: a 100% interest in the Currais Novos Tungsten
Tailings Project in Brazil, which the Company continues to develop; a
100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project in
Brazil; and a 100% interest in the Northern Dancer Tungsten-Molybdenum
property in the Yukon Territory, Canada.
Largo is listed on the TSX Venture Exchange under the symbol "LGO".
Mr. Michael Mutchler, Chief Operating Officer to Largo and a Qualified
Person under National Instrument 43-101, has reviewed and approved the
contents of this press release.
For more information please refer to Largo's website: www.largoresources.com
Join our mailing list to receive regular photo updates of our progress: www.largoresources.com/English/about-us/contact/default.aspx
Disclaimer
This press release contains forward-looking information under Canadian
securities legislation. forward-looking information includes, but is
not limited to, statements with respect to completion of the private
placement, Largo's development potential and timetable of the Maracás
and Northern Dancer projects; Largo's ability to raise additional funds
necessary; the future price of tungsten and molybdenum; the estimation
of mineral reserves and mineral resources; conclusions of economic
evaluation; the realization of mineral reserve estimates; the timing
and amount of estimated future production, development and exploration;
costs of future activities; capital and operating expenditures; success
of exploration activities; mining or processing issues; currency
exchange rates; government regulation of mining operations; and
environmental risks. Generally, forward-looking statements can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made. Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Largo to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to those risks described in the annual
information form of Largo and in its public documents filed on SEDAR
from time to time. Although management of Largo has attempted to
identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Largo does not undertake to update any forward-looking
statements, except in accordance with applicable securities laws.
Readers should also review the risks and uncertainties sections of
Largo's annual and interim MD&As.
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NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE Largo Resources Ltd.
Image with caption: "Ground view of milling and beneficiation system at the Maracas Vanadium Project (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20140203_C7044_PHOTO_EN_36160.jpg
Image with caption: "Main ball mill commissioned at the Maracas Vanadium Project (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20140203_C7044_PHOTO_EN_36161.jpg
Image with caption: "Magnetic separators cyclones and filter in beneficiation plant at the Maracas Vanadium Project (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20140203_C7044_PHOTO_EN_36162.jpg
Image with caption: "The salt evaporation and deammoniation systems at the Maracas Vanadium Project (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20140203_C7044_PHOTO_EN_36163.jpg
Image with caption: "Electrostatic Precipitator at the Maracas Vanadium Project (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20140203_C7044_PHOTO_EN_36164.jpg
Image with caption: "Refractory installation in kiln at the Maracas Vanadium Project (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20140203_C7044_PHOTO_EN_36165.jpg
