- Maracas Project Now Ready to Enter Into Construction Phase
TORONTO, ONTARIO -- (Marketwire) -- 11/09/11 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo' or the 'Company') is pleased to announce that Vanadio de Maracas Ltda., a 100% owned Brazilian subsidiary of Largo, has received binding commitments from a consortium of commercial banks led by Banco Itau BBA S.A. ('Itau BBA'), a subsidiary of Itau Unibanco Group and one of Brazil's leading banks, for guarantees of a Brazilian Development Bank ('BNDES') loan facility in the principal amount of up to US$150 million for the development of its Maracas Vanadium Project in Bahia State, Brazil.
TORONTO, ONTARIO -- (Marketwire) -- 11/09/11 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo' or the 'Company') announced today that it is expecting to receive final commitment from a consortium of commercial banks for a guaranty of its $150 million BNDES debt facility for the Maracas vanadium project imminently.
Largo Resources Ltd. is pleased to announce that the Brazilian Development Bank has provided the Company with a formal letter to confirm that the Company's Maracas Vanadium Project is eligible to receive a 100% direct loan with an eight year term to fully finance the Maracas Vanadium Project.
Permit Provides Final Approval for the Construction of Processing Facility
TORONTO, ONTARIO -- (Marketwire) -- 10/24/11 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo' or the 'Company') is pleased to announce that The Environmental and Water Resources Agency of the State of Bahia ('INEMA'), has granted the final Installation License (the 'Construction License' or 'LI') to Largo's subsidiary, Vanadio de Maracas S.A. The receipt of the LI marks the final governmental approval that was required in order to begin construction at the Maracas project.
VANCOUVER, Oct. 21, 2011 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC): Issuer Name: Largo Resources Ltd. TSX-V Ticker Symbol: LGO Time of Halt: 8:00 AM ET Reason for Halt: Request of Company Pending News Investment Industry Regulatory Organization of Canada (IIROC)
-Intersected 8 Metres Grading 1.02% V2O5 Including 3.5 Metres Grading 1.21% V2O5 on the Gulcari 'A' North Zone-Intersected 9 Metres Grading 1.08% V2O5 Including 6 Metres Grading 1.25% V2O5 on the Sao Jose West Zone
- Four Additional Tungsten Projects Secured in the Region Totalling 4,595 Hectares- Exploration Programs Have Begun at Acaua, Cafuca and Galo- Underground Sampling at Acaua Has Returned 2.71% WO3 Over 2.0 Metres in Initial Sampling
- Hole FGA103, intersected 62.00 metres grading 1.64% V2O5, including 25.00 metres grading 2.09% V2O5- Drill program confirms the continuation of high grade material with significant widths- Encouraging PGM values discovered to the north and west along Gulcari 'A' trend
- Intersected 35 metres grading 1.68% V2O5 including 7 metres grading 2.09% V2O5- Intersected multiple zones to the east of Gulcari 'A' including 37 metres grading 1.00% V2O5 and 5 metres grading 1.28% V2O5
TORONTO, ONTARIO -- (Marketwire) -- 07/21/11 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo') is pleased to announce that it is ramping up toward full scale production with the initial processing of tailing materials at its 100% owned Currais Novos Tungsten Project in Rio Grande do Norte, Brazil. Tailings materials are presently being processed at partial mill capacity, and incremental materials will continue to be
- Drilling 6 holes totalling 1,400 metres for representative sample sufficient for metallurgical test work to support current prefeasibility study (PFS)- Drilling 7 holes totalling 3,600 metres to upgrade a significant portion of the existing resource from Inferred to the Indicated category to support the PFS