Dear Shareholders,
As per our press release issued earlier today, recent market activity has been of great concern to Largo management and management would like to make clear that it is unaware of any operational issues that would lead to the decline that Largo shares have experienced in recent weeks.
Largo’s outlook for production ramp-up at the Maracás Mine has not changed since our last operational update on January 15 (see press release) and we continue to target reaching full Phase 1 capacity in Q3, 2015.
We continue to have full confidence that the quality of the Maracás Mine leads it to have the potential to be a significant participant in the vanadium market with the ability to be a low cost producer of vanadium. We are continuing to make progress in achieving this.
We are grateful for your patience and support and will look to provide a more complete update in the near future.Best regards,
Mark Brennan,
President and CEO
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Manager ofCorporate Developmentdladd@largoresources.com416-861-9406
55 University Ave.Suite 1101Toronto, OntarioCanada M5J 2H7414-861-9797
COPYRIGHT @ LARGO RESOURCES LTD.
Largo Res. is a gold and copper exploration company based in Canada.
Largo Res. develops gold, copper and tungsten in Brazil, and holds various exploration projects in Canada.
Its main asset in development is CURRIAS NOVO in Brazil and its main exploration properties are MACUCHI in Ecuador, MARACAS in Brazil and NORTHERN DANCER in Canada.