Symbol: LGO (TSX.V)
Civil Contractor Demobilising
Significant Progress on Mechanical and Electrical Construction
Crushing System in Pre-Commissioning
TORONTO, Oct. 3, 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").
The civil construction contractor at the Project has already begun the
demobilization process, which represents the achievement of an
important construction milestone. 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 1-6).
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
The electrical power line is expected to be commissioned by mid-October
which would be in time for the planned commissioning of the crushing
plant in late October.
The water treatment plant is nearing completion and is presently
undergoing final instrumentation checks prior to commissioning. The
steam boiler and its stack have been installed while associated pipe
work and auxiliary equipment installation continues.
Pre-commissioning of the crushing plant is currently underway. Full
commissioning of the crushing system is expected to commence before the
end of October.
Construction and erection of the steel structure and conveyors for the
beneficiation plant are almost complete. Both belt filters have been
installed together with their respective vacuum pumps. Civil work on
this system is complete and the piping and electrical installation is
proceeding. The non-magnetic tailings pond is complete and ready for
Commissioning of the beneficiation plant and the production of 5,000
tonnes of concentrate is expected to commence in November.
The steel structure for the kiln feed, kiln discharge platforms as well
as the electrostatic precipitator are in progress and at present remain
on track. All light and heavy shells are on site and initial assembly
of the kiln and cooler shells has commenced. The base plates are in
position on the piers. The work required for the installation of the
refractory material placement anchors is progressing well.
In the leaching area of the Project, the lubrication system for the
regrind mill has been commissioned with the mill now resting on its
bearings. Civil work in this area is also complete. The agitator for
the leaching tank has been installed. The calcine tailings conveyor
for the iron ore bi-product is physically complete and ready for
electrical connection and testing.
All the tanks required for the desilication process and previously
completed are now fitted with agitators. Civil work in this area is
complete and the press filter has been installed.
Evaporator (Salt Recovery Plant)
The steel structure for the evaporator is almost complete, which has
allowed installation of the crystallizer, heat exchanger, pumps for the
tanks and some ducting.
Civil work required for all tanks associated with AMV precipitation is
now complete with the solution cooler and belt filter having been
installed. Required pipe work is proceeding.
Flash Dryer, Deammoniator and Fusion Furnace
The flash dryer combustion chamber and de-agglomerater are installed and
erection of the dryer structure has commenced.
The deammoniator and the fusion furnace have been installed. The
vanadium pentoxide flaking wheel and vanadium pentoxide flake silo have
also been moved into place.
The product handling and storage area structure and the container
loading facility continue to progress.
All but minor civil work remains to be completed by the civil
The non-magnetic tailings and iron ore by-product dams are now complete.
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. Tim Mann P.Eng., a Qualified Person as defined by the National
Instrument 43-101, has reviewed and approved the contents of this press
For more information please refer to Largo's website: www.largoresources.ca
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.
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ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Image with caption: "Photo 1: Pre-stripping Work at the Gulcari "A" - 300 Level Bench (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131003_C6727_PHOTO_EN_31626.jpg
Image with caption: "Photo 2: Completed Crushing System - Pre-Commissioning Underway (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131003_C6727_PHOTO_EN_31627.jpg
Image with caption: "Photo 3: Beneficiation Building with Equipment Installed (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131003_C6727_PHOTO_EN_31628.jpg
Image with caption: "Photo 4: Kiln Area with Kiln Installation in Progress (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131003_C6727_PHOTO_EN_31629.jpg
Image with caption: "Photo 5: Final Product Area and Main Plant with Majority of Equipment Installed (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131003_C6727_PHOTO_EN_31630.jpg
Image with caption: "Photo 6: Panoramic of Project Site as at September 16, 2013 (CNW Group/Largo Resources Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131003_C6727_PHOTO_EN_31631.jpg
SOURCE: Largo Resources Ltd.
For further information:
Manager Business Development
President & CEO