Largo Resources Ltd.

Largo Resources Ltd. is a growing strategic mineral company with projects in Brazil and Canada. The immediate goal of the company is to to ramp up production at its Vanadio de Maracás Menchen mine. 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.

Expert Comments:

"Largo Resources Ltd. has come into production. . .hopefully over the next couple of months Largo will have quite a major improvement in share price due to the successful debt restructuring. [Is Largo still on track to produce 17+ million pounds of vanadium this year?] Yes, more or less. It is certainly in production. Whenever you are in the first year of production, things can come in a little bit lower, but I think, broadly speaking, Largo is on track." read more >

Resource Investing News (2/23/15)
"After receiving some skepticism from at least one analyst regarding its production guidance and outlook for 2015, Largo Resources Ltd. appears to have made progress toward a debt restructuring agreement. The company announced Monday that it had received a nonbinding indicative term sheet from its existing lenders to defer its debt amortization schedule and extend maturities for its construction debt facility for the Maracas Menchen mine."

Teresa Matich, Resource Investing News (2/4/15)
"Largo Resources Ltd. has been producing at its Maracas Menchen mine in Brazil since August and is aiming to ramp up to nameplate production by Q3/15. Overall, the company is targeting average annual production of 17.3 Mlb vanadium pentoxide for 2015 and an average of 24.3 Mlb for 2016; nameplate annual production capacity for the mine is 9,364 t."

"One of the three major tungsten projects in the Yukon is Largo Resources Ltd.'s Northern Dancer project. . .Largo is concentrating on its vanadium assets in Brazil and would probably bring the tungsten operation in Brazil back into production before it starts any further development on Northern Dancer." read more >

Luisa Moreno, Euro Pacific Canada (10/17/14)
"Largo Resources Ltd. announced that the TSX Venture Exchange has approved a consolidation of its common shares on a 1:10 basis, starting today. . .the company expects revenues to be higher than operating costs by December 2014, once it reaches ~60% production capacity. . .our 12-month target price after the 1:10 share consolidation is $4.50/share (before consolidation $0.45/share)."

Luisa Moreno, Euro Pacific Canada (9/30/14)
"Largo Resources Inc. announced a CA$30M non-brokered private placement. . .of up to 107.14M units at a price of CA$0.28 per unit. . .the net proceeds of the offering will be used to fund working capital at the company's Maracas Menchen vanadium mine in Brazil and for general corporate purposes. . .we had anticipated that Largo would need additional financing to support working capital. However, it is positive that Largo has been able to start producing vanadium pentoxide at market specification, is delivering product to its off-taker and is ramping up production with relatively no major incidents to date."

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