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:

"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."

Joseph Gallucci, Dundee Capital Markets (9/29/14)
"Largo Resources Ltd. completed its first shipment of vanadium at its Maracás mine at the beginning of September representing a significant milestone for the company. The Maracás operation positions Largo to benefit from improving vanadium fundamentals with healthy free-cash flows and sustainably wide EBITDA margins while the project continues to be derisked as it ramps up and production levels increase. We are reiterating our Buy rating."

Joseph Gallucci, Dundee Capital Markets (9/3/14)
"Largo Resources Ltd. made its first shipment of V205 from its Maracás mine on September 2, 2014, after commencing commercial production on August 2, 2014. Production rates have stabilized at 8–12 tpd. . .40% of the 9,600 tpa phase 1 design capacity. . .if the current pace continues, the company is poised to meet its guidance of full nameplate commercial production within the first 12 months of operation. Maracás has the potential to be the world's lowest-cost primary source of vanadium. We estimate Largo will have an 18.3% free cash flow yield in the first 10 years of operation and 11.3% life of mine."

Alessandro Bruno, Investor Intel (8/22/14)
"Largo Resources Ltd. completed the first production of vanadium pentoxide at the Maracas vanadium project. . .the start of production at Maracas marks a period of substantial growth for the company. It is remarkable, given the current financing climate in the mining sector. . .not only will Maracas be the lowest-cost and highest vanadium-content mine in the world, it may also be the one with the lowest risk."

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