Significant Progress on Mechanical and Electrical Construction
Kiln Rollers on Site and Kiln Erection on track for Q1 Commissioning
Crushing System Commissioning Successful and Ongoing
Symbol: LGO (TSX.V)
TORONTO, Nov. 26, 2013 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") is pleased to provide the following operational update for its
Maracás Vanadium Project in Bahia, Brazil (the "Project").
Electrical-mechanical erection at the Project, which includes the
installation of equipment and structures, continues on track for
expected commissioning in the first quarter of 2014 (see pictures 1-8).
A summary of recent developments is listed below.
Highlights of Ongoing Development:
Pre-stripping of the Gulçari "A" open pit is proceeding as planned with
the first bench at the 300 level and the main pit access ramp well
underway. First loads of ore have been delivered into the crushing
The electrical power line was completed in October (as announced on
October 21) and electrical substations at the project have been
The water treatment plant is complete and has been commissioned. The
steam boiler and its stack have been installed while associated pipe
work and auxiliary equipment installation continues.
Crushing and Beneficiation (see photos 1-3)
Full commissioning of the crushing system commenced in October (see
press release October 3, 2013) and is continuing on track. A crushed
ore stock pile of around 25,000 tonnes is planned.
Construction and erection of the steel structure and conveyors for the
beneficiation plant has concluded. Pipework on the slurry lines for
the ball mill, magnetic separators and belt filters is well advanced.
Commissioning of portions of the beneficiation plant has started and
concentrate will be produced and stockpiled during December and will be
ready for kiln commissioning.
Kiln (see photos 4 - 6)
Construction of the steel structures for the kiln feed, kiln discharge
platforms as well as for the electrostatic precipitator has concluded.
All the remaining rollers for the kiln and cooler arrived at site in
early November and have been installed on their piers. The rollers are
now fully aligned and grouted.
Ground assembly of the kiln and cooler shells is well advanced with the
installation of refractory anchors clips and live rings progressing
The first section of the cooler was lifted into place today (see photo
6) and the remaining cooler and kiln sections are expected to be
resting on the piers by the end of December.
Leaching (see picture 7)
Installation of the quench and scrubber system and stack has progressed
very well. The belt filter has been installed and connections to the
vacuum system are in progress. The metallic conveyor which conveys
cooler discharge to the quench vessel is partially installed and
All the previously completed tanks required for the desilication process
are now fitted with agitators. Only pipe work remains to be completed
in this area.
Evaporator (Salt Recovery Plant)
The main components of the evaporator (i.e. the crystallizer, fans, heat
exchanger ducting and pumps) have all been installed and the plant is
physically close to completion. Work is continuing on small piping and
instrumentation. Vendor technical staff are on site guiding the
contractor with the installation
The tanks and thickener are both complete. The ammonium sulfate storage
silo is being constructed on site and progressing well. The belt filter
installation is complete and awaiting connection to the vacuum system.
The conveyor transporting belt filter product to the flash dryer has
Flash Dryer, Deammoniator and Fusion Furnace (see picture 8)
The flash dryer installation nears completion with only final alignment
and electrical and instrumentation still required.
The deammoniator is installed with the discharge screw feeding fusion
Refractory lining of the fusion furnace base will commence this week.
The flaking wheel is installed in place and installation of the metal
conveyor conveying flake from the wheel to the storage and weighing
facility is progressing well.
The product storage silo has been completed, and the bag filling and
weighing equipment is installed and awaiting electrical connection.
The product handling and final product storage building is complete.
Roofing of this building will commence this week.
The mechanical workshop has advanced well and is expected to be
completed by mid-December.
The change house is now complete and suitable for use.
Largo is a Canadian-based mineral resource exploration and development
company focused on creating a world leading strategic metals company.
The immediate goal of the Company is to develop the Maracás Vanadium
Project by Q1, 2014 and to produce WO3 concentrate from the reprocessing of tungsten tailings from Currais
Novos. Largo's skilled management team both in Canada and Brazil, are
confident in their ability to advance these projects. Largo currently
holds a 100% interest in the Maracás Vanadium Project, a 100% interest
in the Currais Novos Tungsten Tailings Project, a 100% interest in the
Campo Alegre de Lourdes Iron-Vanadium Project, all in Brazil, and a
100% interest in the Northern Dancer Tungsten-Molybdenum property
located in the Yukon Territory, Canada.
Largo is listed on the TSX Venture Exchange under the symbol "LGO".
Mr. Michael Mutchler, Chief Operating Officer to Largo and a Qualified
Person as defined by the National Instrument 43-101, has reviewed and
approved the contents of this press release.
For more information please refer to Largo's website: www.largoresources.com
Join our mailing list to receive regular photo updates of our progress: www.largoresources.com/English/about-us/contact/default.aspx
This press release contains forward-looking information under Canadian
securities legislation. forward-looking information includes, but is
not limited to, statements with respect to completion of the private
placement, Largo's development potential and timetable of the Maracás
and Northern Dancer projects; Largo's ability to raise additional funds
necessary; the future price of tungsten and molybdenum; the estimation
of mineral reserves and mineral resources; conclusions of economic
evaluation; the realization of mineral reserve estimates; the timing
and amount of estimated future production, development and exploration;
costs of future activities; capital and operating expenditures; success
of exploration activities; mining or processing issues; currency
exchange rates; government regulation of mining operations; and
environmental risks. Generally, forward-looking statements 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 words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made. 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,
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. 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 undertake to update any forward-looking
statements, except in accordance with applicable securities laws.
Readers should also review the risks and uncertainties sections of
Largo's annual and interim MD&As.
NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Image with caption: "Picture 1: Commissioning of Crushing Circuit (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33855.jpg
Image with caption: "Picture 2: Crushed Ore Stockpile (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33856.jpg
Image with caption: "Picture 3: Milling and Beneficiation Area with Pipework well Advanced (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33857.jpg
Image with caption: "Picture 4: Final Rollers for Kiln Arrived at Site in Early November (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33858.jpg
Image with caption: "Picture 5: Final Roller for Kiln Being Lifted into Place (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33859.jpg
Image with caption: "Picture 6: First Cooler Shell Being Lifted and Placed on its Pedestal (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33868.jpg
Image with caption: "Picture 7: Leaching System with Filtrate Tank and Scrubber in place (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33860.jpg
Image with caption: "Picture 8: Flash Dryer, Deammoniator, Final Product Building (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131126_C5048_PHOTO_EN_33861.jpg
SOURCE: Largo Resources Ltd.
For further information:
Manager Business Development
President & CEO
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