TORONTO, ONTARIO -- (Marketwire) -- 03/14/11 -- Largo Resources Ltd. (TSX VENTURE: LGO) is pleased to announce that it has negotiated a formal extension of the term during which it can purchase the remaining 30% interest it does not already own at the Northern Dancer Tungsten-Molybdenum deposit in the Yukon Territory until May 15, 2011 (See press releases March 24, 2010 and March 26, 2009). Largo currently holds a 70
- Positive NPV of US$ 918 million (at an 8% discount rate)- Low cash cost producer: US$116 per MTU (Metric Tonne Unit)(current trading price of US$365 MTU) tungsten- Average annual production of 833,000 MTU tungsten and 5,959,000 lb molybdenum over initial 23 years
TORONTO, ONTARIO -- (Marketwire) -- 02/03/11 -- Largo Resources Ltd. (TSX VENTURE: LGO), ('Largo' or the 'Company') is pleased to announce the appointment of Mr. Tim Mann as Chief Operating Officer.
Mr. Mann has served as Vice President of Engineering for Largo Resources since 2007 and has played an integral role in the project development of Largo's Maracas, Currais Novos, Campo Alegre and Northern Dancer properties
- LOI Signed to Secure Four (4) Additional Tungsten Projects in the Currais Novos District Totalling 4,595 Hectares- Significant Potential for Additional Tungsten Resources and Bi-Products
- Mr. Ford is One of the World's Foremost Experts in Vanadium
TORONTO, ONTARIO -- (Marketwire) -- 01/20/11 -- Largo Resources Ltd. ('Largo' or the 'Company') (TSX VENTURE: LGO) is pleased to announce the appointment of Leslie John Ford ('Les Ford') to the position of Technical Director of Brazilian Operations. Les has over 40 years of experience constructing, developing and producing vanadium projects, Mr. Ford is one of the world's foremost experts in vanadium.
- Signing of definitive agreement scheduled for January, 2011 TORONTO, ONTARIO -- (Marketwire) -- 12/16/10 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo') is pleased to provide an update regarding the status of its previously announced Letter of ...
- Pre-Tax IRR of 163%- EBITDA Over Mine Life of Four Years Estimated to Be US$23.2 Million at a Price of US$260 Per mtu of WO3 - Indicated Mineral Resource Estimated to Be 3,460,000 Tonnes at 0.120% WO3 and Inferred Mineral Resource Estimated to Be 810,000 Tonnes at 0.093% WO3
Largo Now Controls 40 Kilometres of Strike Length of the Rio Jacare Intrusion That Hosts the Gulcari 'A' Vanadium Deposit
TORONTO, ONTARIO -- (Marketwire) -- 11/22/10 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo') is pleased to announce that it has increased its land position around the Maracas Vanadium Project. Largo has increased its landholdings from the original two (2) concessions that made up the Maracas vanadium property that totalled 2,000 hectares to 21 concessions totalling 27,172 hectares. These concessions cover the Rio Jacare Intrusion for over 40 kilometres of strike length (see attached concession map below). The Rio Jacare Intrusion hosts the Gulcari 'A' vanadium deposit which is part of the Maracas Vanadium Project. This makes Largo the largest land holder in the area.
- Site Manager Responsible for Construction and Day to Day Operations
- IDEMA Grants Installation Licence (LI) for the Project
TORONTO, ONTARIO -- (Marketwire) -- 10/06/10 -- Largo Resources Ltd. (TSX VENTURE: LGO) is pleased to announce that it has hired Mr. Alcides Antonio Lima Palma as site manager for the Currais Novos Tailings Tungsten Project in Rio Grande do Norte, Brazil. Mr. Palma is a chemical engineer with extensive experience in ore treatment including crushing and grinding operations, gravity circuits, hydrometallurgy and tailing disposal. He has worked for a number of notable senior mining companies including CVRD (Vale) and Yamana Gold Inc. Mr. Palma will be responsible for construction and the subsequent day to day operations of the Currais Novos Project.
- Further testing of the higher-grade tungsten and molybdenum zones outlined during the 2006, 2007 & 2008 drill programs- Initial drilling of Marilyn Creek - an untested exploration target immediately north of Northern Dancer Deposit
TORONTO, ONTARIO -- (Marketwire) -- 09/17/10 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo' or the 'Company') is pleased to announce that it has repaid in full its previously announced Bridge Loan pursuant to which it borrowed CAD $750,000 (the 'Principal') for exploration and for general corporate purposes (See News Release dated August 27, 2010).
TORONTO, ONTARIO -- (Marketwire) -- 08/27/10 -- Largo Resources Ltd. (TSX VENTURE: LGO) ('Largo or the 'Company') is pleased to announce that it has received formal approval to extend the option period for the final 10% interest held by Odebrecht S.A. and Vale S.A to December 31,2010. Terms of the option require Largo to pay Odebrecht S.A. and Vale S.A US$8 million for their combined final interest in the Maracas property.