Largo Resources Ltd

Published : October 03rd, 2013

Largo Provides Operational Update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Brazil | Canada | Facebook | Iron | Molybdenum | Recovery | Storage | Tungsten |
Largo Resources Ltd. has added a new press release to its web site.

Largo Provides Operational Update

Symbol: LGO (TSX.V)

  • Civil Contractor Demobilising
  • Significant Progress on Mechanical and Electrical Construction Activities
  • 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:

  • Mine

    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.
  • Utilities

    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.
  • Crushing System

    Pre-commissioning of the crushing plant is currently underway. Full commissioning of the crushing system is expected to commence before the end of October.
  • Beneficiation plant

    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 use.

    Commissioning of the beneficiation plant and the production of 5,000 tonnes of concentrate is expected to commence in November.
  • Kiln

    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.
  • Leaching Area

    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.
  • Desilication

    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.
  • AMV Precipitation

    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.
  • General

    All but minor civil work remains to be completed by the civil contractor.

    The non-magnetic tailings and iron ore by-product dams are now complete.

About Largo

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 release.

For more information please refer to Largo's website: www.largoresources.ca

Disclaimer

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.

Continue to Follow, Like and Watch our progress!

Join our mailing list to receive weekly photo updates of our progress: http://www.largoresources.ca/English/about-us/contact/default.aspx

Web: www.largoresources.ca� 
Twitter: @LargoResources1
Facebook: Largo Resources
Youtube: LargoResources

NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

SOURCE Largo Resources Ltd.

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

Darcie Ladd� 
Manager Business Development
416-861-9406� 
dladd@largoresources.com

Mark Brennan
President & CEO



Click Here for a complete listing of Largo Resources press releases.

-------------------
To unsubscribe from this list please visit the email alert section of the Largo Resources site.


Date Sent: 10/3/2013 7:02:44 AM Powered by Q4 Web Systems
Data and Statistics for these countries : Brazil | Canada | All
Gold and Silver Prices for these countries : Brazil | Canada | All

Largo Resources Ltd

DEVELOPMENT STAGE
CODE : LGO.V
ISIN : CA5171031076
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Largo Resources Ltd
7/3/2012Largo Closes BNDES Debt Financing Facility and Converts Subs...
3/9/2012Largo Provides Update on BNDES Debt Financing Facility
4/12/2011(Maracas)Largo Closes Financing Intended to Fund Development of Its M...
3/29/2011Largo Announces Increase to Previously Announced Equity Offe...
3/15/2011Announces Plans for $110 Million Equity Financing
3/11/2011 Largo Announces Plans for $110 Million Equity Financing
Nominations of Largo Resources Ltd
3/9/2015Provides Corporate Update and Announces New Chief Executive ...
11/11/2013Largo appoints Mr. Michael Mutchler to the position of Chief...
9/4/2013Largo appoints Mr. Ernest M. Cleave to the position of Chief...
6/29/2012Largo announces the election of David Brace, Wayne Egan and ...
Project news of Largo Resources Ltd
7/5/2016- Largo Achieves a New Monthly Production Record of 801 Tonn...
5/5/2016- Largo Produces 730 Tonnes of Vanadium in April
12/3/2013Construction Target Reached
11/30/2013(Maracas)Largo provides update on Capex Budget for the Maracas Vanadi...
11/20/2013Construction Targets Reached
10/23/2013Largo Resources - Energized and Commissioning
9/10/2013Another Construction Target Reached
8/21/2013Largo Resources provides operational update
8/8/2013(Maracas)Equipment Arriving at Maracas
7/26/2013Arrival of Equipment at Port
7/25/2013Another Construction Target Reached
5/23/2013Another Construction Target Reached
4/8/2013Project Map and Process Flow
1/23/2013(Maracas)Largo to commence electrical-mechanical assembly at its Mara...
1/21/2013/R E P E A T -- Largo announces positive preliminary economi...
11/2/2012(Maracas)New Videos of Construction at the Maracas Vanadium Project
9/21/2012(Maracas)New Video from the Maracas Vanadium Project
9/13/2012(Maracas)Largo announces results of a technical report for its Maraca...
7/31/2012(Maracas)Largo provides update on development at its Maracas Vanadium...
6/4/2012(Maracas)Largo commences full construction activities at its Brazil M...
5/28/2012(Maracas)Largo mobilizing for groundbreaking at its Maracas Vanadium ...
4/2/2012Largo completes clearing of site to begin civil construction...
7/21/2011Largo Starts Processing Tailing Materials at Its Currais Nov...
6/15/2011(Northern Dancer)Largo Announces Purchase of Final30% Option on the Northern ...
6/2/2011(Maracas)Largo Secures Land Rights for Mini =?ISO-8859-1?Q?ng=20and=2...
5/17/2011(Maracas)Largo Commences Drilling at Its Ma =?ISO-8859-1?Q?racas=20Va...
4/27/2011(Maracas)Largo to Initiate Exploration Drill =?ISO-8859-1?Q?=20Progra...
4/19/2011(Maracas)Engages Promon to Engineer and Build Maracas Vanadium Projec...
4/5/2011(Currias Novo)Provides Update on Production Schedule for Currais Novos Tun...
3/29/2011(Maracas)Largo Acquires an Additional 10% Interest in the Maracas Van...
3/15/2011(Northern Dancer)Largo Announces Extension of Option to Purchase Final 30% of...
2/28/2011(Northern Dancer)Announces Positive Preliminary Economic Assessment for North...
1/25/2011(Currias Novo)Signs LOI for Four New Properties in the Currais Novos Tungs...
Corporate news of Largo Resources Ltd
7/18/2016- Largo Resources announces non-binding M.O.U. with Vionx En...
6/30/2016Announcing Graduation to TSX
6/29/2016Largo Resources Announces Graduation to TSX
6/2/2016Largo Sets a New Monthly Production Record of 780 Tonnes in ...
5/26/2016Largo announces significant increase in Maracás Project Mine...
5/10/2016Approval for tradinb on the OTC Markets Group Listing
5/10/2016Largo Resources Ltd. announces OTC Markets Group Listing
5/5/2016Largo Produces 730 Tonnes of Vanadium in April
4/11/2016Largo Announces Changes to Management Team
1/29/2016Largo announces closing of the first tranche of recently ann...
1/19/2016Largo announces non-brokered private placement of up to CDN$...
1/15/2016Largo Announces Bridge Loan of US$1 Million
1/14/2016Largo Announces Bridge Loan of US$1 Million
12/17/2015Largo Resources Ltd. announces signing indicative term sheet...
10/6/2015Largo Resources Announces Alliance With Murdock Capital Part...
8/26/2015Largo achieves daily production record of 110% capacity
8/4/2015Largo produces over 600 tonnes of vanadium In July
7/13/2015Largo announces the election of Mr. Daniel Tellechea, Mr. Sa...
7/8/2015Largo Appoints John Ashburn to the position of Chief Legal O...
4/11/2015ARC Funds Advance Additional CDN$2 Million under Largo Bridg...
3/27/2015ARC Funds Advance Additional CDN$3 Million under Largo Bridg...
3/20/2015Largo announces closing of convertible bridge loan facility ...
3/17/2015/C O R R E C T I O N from Source -- ARIAS RESOURCE CAPITAL F...
3/14/2015ARC Funds Advance CDN$3 Million under Largo CDN$12 Million C...
3/11/2015Largo Provides Corporate Update and Announces New Chief Exec...
3/9/2015Largo Receives Indicative Term Sheet From Existing Lenders F...
3/9/2015Largo Provides Corporate Update and Announces New Chief Exec...
2/2/2015Largo Provides 2015 Production Guidance and Outlook
1/29/2015Largo Resources responds to market activity
2/18/2014Largo Resources on BNNs Commodities Tomorrow
2/4/2014Latest Video
2/3/2014(Maracas)Largo Provides Operational Update - Maracas on Track for Tar...
1/28/2014Latest Pictures
1/9/2014Latest Pictures
11/26/2013Largo Provides Operational Update - Maracás on track for Q1
11/19/2013(Maracas)Panoramic View of Maracas Construction
11/13/2013Vanadium Market Update & Latest Pictures
11/8/2013Latest Pictures
11/4/2013Kiln Rollers Have Arrived
10/29/2013Latest Pictures
10/23/2013(Maracas)Maracas Energized and Commissioning
10/21/2013Largo completes construction of electrical power line and co
10/16/2013Panoramic View & Latest Pictures
10/10/2013Latest Pictures
10/3/2013Largo Provides Operational Update
9/30/2013(Maracas)2013 - Largo wins Best Mining Finance Award from Latin Finan...
9/18/2013(Maracas)Panoramic View of Maracas Construction
9/16/2013Latest Pictures
9/6/2013A New Look For Largo
9/4/2013Arrival of Shells for Kiln
8/22/2013Message from Management & Latest Pictures
8/7/2013Latest Pictures
7/23/2013Latest Pictures
7/11/2013Latest Pictures
6/21/2013(Maracas)Panoramic View of Maracas Construction
6/19/2013Latest Pictures
6/13/2013provides operational update
5/21/2013(Maracas)Panoramic view of Maracas construction
4/16/2013Interview with Les Ford, Largo's Resident Vanadium Expert
4/15/2013Gold may be off – but Vanadium isstaying Strong
4/4/2013Latest Pictures
3/19/2013Latest Pictures: A Construction Milestone
3/12/2013Latest Pictures
3/11/2013(Maracas)Largo wins Mining and Metals Deal of the Year Award, 2012 fr...
2/21/2013News Release
2/19/2013(Maracas)Latest Pictures from Maracas
1/18/2013(Maracas)Largo announces positive preliminary economic assessment for...
1/10/2013Vanadium Market Update
10/30/2012Largo Provides Operational Update
10/11/2012Announces C$10 Million Marketed Private Placement Financing ...
10/4/2012Largo Pours First Concrete for Plant Foundations at Its Mara...
9/26/2012(Maracas)Largo to investigate expansion of production at its Maracas ...
9/17/2012(Maracas)Largo announces substantial increase to its mineral resource...
7/18/2012BNDES Makes First Disbursement Under Facility
7/3/2012IIROC Trading Resumption - LGO
3/30/2012Largo Provides Update on BNDES Facility
3/29/2012(Maracas)Largo announces final assay results from the resource expans...
2/6/2012Largo Resources Appoints John Laurie as Chief Financial Offi...
1/9/2012Largo Resources Appoints Ken Kuchling as Vice President of E...
12/14/2011Largo Resources Announces First Commercial Shipment From Cur...
12/9/2011Largo Announces Early Release of $11 Million of Escrow Share...
10/24/2011(Maracas)Largo Resources Receives Installation License/Construction L...
10/13/2011Largo Resources Begins Exploration on New Project Areas Near...
9/14/2011(Maracas)Largo Continues to Report High Grade Drill Results from Its ...
8/22/2011(Maracas)Largo Announces High Grade Drill Results from Its Maracas Pr...
7/6/2011(Northern Dancer)Largo Begins Drill Program for Current Prefeasibility Study ...
6/29/2011Largo Announces Positive Preliminary Metallurgical Test Resu...
6/9/2011(Maracas)Largo Submits Application for Construction License for the M...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (LGO.V)Other OTC (LGORF)
0.470+4.44%15.44+2.18%
TSX-V
CA$ 0.470
06/30 14:59 0.020
4.44%
Prev close Open
0.450 0.450
Low High
0.450 0.470
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.470 -%
Volume 1 month var.
28,500 -%
24hGold TrendPower© : -3
Produces
Develops Tungsten
Explores for Copper - Gold - Molybdenum - Silver - Tungsten - Vanadium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 7/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :