Largo Produces a Record 903 Tonnes of Vanadium Pentoxide IN December, Being 12.9% Above Nameplate Capacity and a Record 2,539 Tonnes IN Q4 2017
PRESS RELEASE January 2, 2018
LARGO PRODUCES A RECORD 903 TONNES OF VANADIUM PENTOXIDE IN
DECEMBER, BEING 12.9% ABOVE NAMEPLATE CAPACITY
AND A RECORD 2,539 TONNES IN Q4 2017
TORONTO – Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQB: LGORF) is excited
to announce that it has set a new monthly product ion record at its Maracás Menchen Mine during the
month of December 2017. The Company produced 903 tonnes of vanadium pentoxide (“ vanadium” or
“V2O5”) in December, surpassing by 15 tonnes the Company’s previous monthly production record of 888
tonnes set in August 2017. The production in December 2017 was 12.9% above the plant's nameplate
capacity and is the result of our operating team's efforts to enhance efficiencies and to continually improve
production.
In addition as a result of strong production throughout Q4 2017, Largo has also achieved a new quarterly
production record at its Maracás Menchen Mine during Q4 2017. The Company produced 2,539 tonnes of
V2O5 in Q4 2017, surpassing by 26 tonnes the Company's previous quarterly production record of 2,513
tonnes set in Q3 2017. The production in Q4 2017 was 5.8% above the plant's nameplate capacity.
The price range for V2O5 sales remained strong in December with the range for the week ended December
29, 2017 being posted at US$9.60/lb to US$9.90/lb (Source: Metal Bulletin).
“I am thrilled with our 2017 operating results and look forward to a very productive 2018, said Largo's
President and Chief Executive Officer, Mr. Mark A. Smith. Mr. Smith continued, "Our sustained success,
strong production track record and ability to produce v anadium at a low cost have all resulted in Largo's
emergence as a key player in the vanadium industry. Largo's position as one of the only pure-play
vanadium producers uniquely positions Largo to benefit from the current realities of the vanadium market."
About Largo
Largo Resources Ltd. is a strategic mineral company focused on the production of vanadium pentoxide at
its Vanadio de Maracás Menchen Mine. Vanadium is pr imarily 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 products for advanced applications, the
use of vanadium is expected to grow 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 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 statement s can be identified by the use of forward-looking
-30-
terminology such as "plans", "expects" or "d oes not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain actions, 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 are
subject to known and unknown risks, uncertainties 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, includi ng 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 statements are based on the 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 materially 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 anticipated in such statements. Accordingly, readers should not place undue reliance
on forward-looking statements. Largo does not underta ke to update any forward-looking statements,
except in accordance with applicable securities laws. 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