Largo Announces Shipment of Its 1000 Th LOT of Vanadium Pentoxide
PRESS RELEASE August 24, 2017
LARGO ANNOUNCES SHIPMENT OF ITS 1000 th LOT OF VANADIUM PENTOXIDE
TORONTO, August 24, 2017 - Largo Resources Ltd. ("L argo" or the "Company") is pleased to announce that it recently
surpassed its 1000 th lot shipment of vanadium, representing approximate ly 44 million pounds of vanadium pentoxide
(V2O5).
Mark Smith, President and Chief Executive Officer f or Largo, stated: "We are extremely pleased to have passed this
milestone in production and are very proud of the p roduction results and low operating costs being ach ieved by our
operational team. The price range of V2O5 for the w eek ended August 18, 2017 was US$9.00/lb to US$10.0 0/lb (Source:
Metal Bulletin), which represents an approximate 64% increase over the US$5.81 average price for fiscal Q2. We anticipate
that the vanadium price environment created by the recent price increases which represent a 5-year hig h combined with
our operational performance and our low cost production will drive strong financial results for the remainder of fiscal 2017."
About Largo
Largo Resources Ltd. is a growing strategic mineral company focused on the production of vanadium pent oxide at its
Vanadio de Maracás Menchen Mine. Vanadium is primar ily used as an alloy to strengthen steel and reduce its weight.
Vanadium enhanced steels are used in a vast and gro wing range of products that are used and encountere d every day;
including, rebar, automobiles, transport infrastructure etc. As trends in the steel industry now demand increasingly stronger
and lighter products for advanced applications, the use of vanadium is expected to grow over the mediu m and long term.
Largo also has interests in a portfolio of other pr ojects, including: a 100% interest in the Currais N ovos Tungsten Tailings
Project in Brazil; a 100% interest in the Campo Ale gre de Lourdes Iron-Vanadium Project in Brazil; and a 100% interest in
the Northern Dancer Tungsten-Molybdenum property in the Yukon Territory, Canada. For more information, please visit
www.largoresources.com .
Cautionary Notes:
This press release contains forward-looking information under Canadian securities legislation. Forward-looking information
includes, without limitation, statements with respect to completion of a listing on a U.S. stock exchange. Generally, forward-
looking statements can be identified by the use of forward-looking terminology such as "plans", "expec ts" or "does not
expect", "is expected", "budget", "scheduled", "est imates", "forecasts", "intends", "anticipates" or " does not anticipate", or
"believes", or variations of such words and phrases or statements that certain actions, events or resu lts "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than
statements of current and historical fact, is forwa rd looking information. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that may cause the actual results, level of activit y, performance or
achievements of the Largo to be materially differen t from those expressed or implied by such forward-l ooking 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. Forward-looking stateme nts are based on the opinions and estimates of mana gement as of
the date such statements are made. Although managem ent of Largo has attempted to identify important fa ctors 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 o r intended. There can be no assurance that such sta tements 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 relianc e on forward-looking statements. Largo does not und ertake to update
any forward-looking statements, except in accordanc e with applicable securities laws. Largo undertake s no obligation to
update any vanadium pricing information contained in this press release. Largo's Readers should also review the risks and
uncertainties sections of Largo's annual and interim MD&As.
Neither the Toronto Stock Exchange (nor its regulatory service provider) accepts responsibility for th e adequacy
or accuracy of this release.
CONTACT INFORMATION:
For more information, please contact:
Largo Investor Relations