Largo Has Record Quarterly Production of 2513 Tonnes of Vanadium Pentoxide IN Q3, Being 4.7% Above Nameplate Capacity
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PRESS RELEASE October 3, 2017
LARGO HAS RECORD QUARTERLY PRODUCTION of 2513 TONNES OF
VANADIUM PENTOXIDE IN Q3, BEING 4.7% ABOVE NAMEPLATE CAPACITY
TORONTO – Largo Resources Ltd. (" Largo " or the " Company ") ( TSX: LGO ) ( OTCQB: LGORF ) is
excited to announce that it has achieved a new quarterly production record at its Maracás Menchen Mine
during Q3 2017. The Company produced 2513 tonnes of vanadium pentoxide (“ vanadium ” or “ V2O5 ”) in
Q3 2017 surpassing by 202 tonnes the Company’s prev ious quarterly production record of 2311 tonnes
set in Q2 2016. The production in Q3 2017 was 4.7% above the plant's nameplate capacity and is the
result of our operating team's continuing efforts to ensure consistent production.
Concurrently with these new production records, the average price range of V2O5 for Q3 2017 was
US$8.74/lb, which represents an approximate 249% in crease over the US$3.51 average price for fiscal
Q3 2016 (Source: Metal Bulletin).
“Largo anticipates that its continuing positive operational performance and low cost production will deliver
record breaking results as vanadium prices continue to remain high. Largo has emerged as a key player
in the vanadium industry ” said Largo’s President and Chief Executive Officer , Mr. Mark A. Smith. Mr.
Smith continued, "We believe that Largo's position as one of the only pure-play vanadium producers
uniquely positions Largo to benefit from the curren t realities of the vanadium market, including the
current increase in vanadium prices."
About Largo
Largo Resources Ltd. is a growing strategic mineral company focused on the production of vanadium
pentoxide at its Vanadio de Maracás Menchen Mine. V anadium is primarily used as an alloy to
strengthen steel and reduce its weight. Vanadium enhanced steels are used in a vast and growing range
of products that are used and encountered every day ; including, rebar, automobiles, transport
infrastructure etc. As trends in the steel industry now demand increasingly stronger and lighter produ cts
for advanced applications, the use of vanadium is e xpected to grow over the medium 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% interes t in the Campo Alegre de Lourdes Iron-Vanadium
Project in Brazil; and a 100% interest in the North ern 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 informa tion under Canadian securities legislation. Forwar d-
looking information includes, without limitation, s tatements with respect to completion of a listing o n a
U.S. stock exchange. Generally, forward-looking sta tements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variati ons of
such words and phrases or statements that certain a ctions, events or results "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 forward looking information. Forward-looking statements
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are subject to known and unknown risks, uncertaimnt ies and other factors that may cause the actual
results, level of activity, performance or achievem ents of the Largo to be materially different from t hose
expressed or implied by such forward-looking statem ents, including but not limited to those risks
described in the annual information form of Largo a nd in its public documents filed on SEDAR from time
to time. Forward-looking statements are based on th e opinions and estimates of management as of the
date such statements are made. Although management of Largo has attempted to identify important
factors that could cause actual results to differ m aterially from those contained in forward-looking
statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipat ed in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Largo does not undertake to update any forward-
looking statements, except in accordance with appli cable securities laws. Largo undertakes no
obligation to update any vanadium pricing informati on contained in this press release. Largo's Reader s
should also review the risks and uncertainties sections of Largo's annual and interim MD&As.
Neither the Toronto Stock Exchange (nor its regulat ory service provider) accepts responsibility
for the adequacy or accuracy of this release.
CONTACT INFORMATION:
For more information, please contact:
Largo Investor Relations