Largo Produces a Record 888 Tonnes of Vanandium Pentoxide IN August, Being 11% Above Nameplate Capacity
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PRESS RELEASE September 5, 2017
LARGO PRODUCES A RECORD 888 TONNES OF VANANDIUM PENTOXIDE IN
AUGUST, BEING 11% 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 monthly prod uction record at its Maracás Menchen Mine during
the month of August. The Company produced 888 tonnes of vanadium pentoxide (“ vanadium ” or “ V2O5 ”)
in August surpassing by 60 tonnes the Company’s previous monthly production record of 828 tonnes set
in December 2016. In addition to a new monthly rec ord, Largo is also pleased to announce that it has
achieved a new weekly production record in August o f 215 tonnes. The production in August was 11%
above the plant's nameplate capacity and is the res ult of our operating team's efforts to enhance
efficiencies and to continually improve production.
Concurrently with these new production records, the price range of V2O5 for the week ended September
1, 2017 increased to US$11.00/lb to US$11.25/lb (So urce: Metal Bulletin), which represents an
approximate 89% increase over the US$5.81 average price for fiscal Q2 2017 and a new 5-year high.
“Largo anticipates that as vanadium prices surpass $11.00/lb, representing a 5-year high, its operatio nal
performance and low cost production will continue t o deliver record breaking results. Largo's continu ing
and successful production track record coupled with Largo’s ability to produce vanadium at a low cost
demonstrates Largo's emergence as a key player in t he 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 p ositions Largo to benefit from the current realitie s 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. Vanadium 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 increasingl y stronger and lighter products for advanced
applications, the use of vanadium is expected to gr ow over the medium and long term. Largo also has
interests in a portfolio of other projects, including: a 100% interest in the Currais Novos Tungsten Tailings
Project in Brazil; 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. 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, statements with respect to completion of a listing on a U.S.
stock exchange. Generally, forward-looking statemen ts 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 variations of such
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words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". All inf ormation 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, uncertaimnties and other factors that may cause the actual results ,
level of activity, performance or achievements of the Largo to be materially different from those expressed
or implied by such forward-looking statements, incl uding but not limited to those risks described in t he
annual information form of Largo and in its public documents filed on SEDAR from time to time. Forward-
looking statements are based on the opinions and es timates of management as of the date such
statements are made. Although management of Largo h as attempted to identify important factors that
could cause actual results to differ materially fro m those contained in forward-looking statements, th ere
may be other factors that cause results not to be a s 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 anticipated in such statements. Accordingly, readers should not place undue reliance
on forward-looking statements. Largo does not under take to update any forward-looking statements,
except in accordance with applicable securities law s. Largo undertakes 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
the adequacy or accuracy of this release.
CONTACT INFORMATION:
For more information, please contact:
Largo Investor Relations