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  • 1. An Emerging Market Leaderfor VANADIUM and TUNGSTEN Production CORPORATE PRESENTATION PDAC March, 2012 www.largoresources.com
  • 2. Forward Looking StatementsThe information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and“forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company.Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and mineralresources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand formaterials; capital expenditures; success of exploration and development activities; permitting time lines and permitting, mining or processing issues; governmentregulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements and forward-looking information can be identifiedby 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,”, “projects” or variations of such words and phrases or state that certain actions, events or results “may,” “could,”“would,” “might” or “will be taken,” “occur” or “be achieved.” Forward-looking statements and forward-looking information are based on the opinions and estimates ofmanagement as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actualresults, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements orforward-looking information, including, but not limited to, unexpected events during operations; variations in ore grade; risks inherent in the mining industry; delay orfailure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of explorationactivities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchangerates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained inforward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can beno 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 and forward-looking information. The Company does not undertake to update anyforward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.Investors are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resourcesbe reported separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability.Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred ResourcesThe information presented uses the terms “measured,” “indicated” and “inferred” mineral resources. United States investors are advised that while such terms arerecognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineralresources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of aninferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibilityor other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be convertedinto mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legallymineable. 2
  • 3. Company OverviewFocused Portfolio of Strategic Mineral AssetsPositioned to be a leading player in the primary production of vanadium Highest grade, highest quality vanadium deposit in the world Potential lowest cost producer of vanadium (US$14 kg vs industry avg. of US$23 kg FeV) Near-term producer; estimated $75+ million cash flow per annum Significant expansion potentialPotential to be a leading non-Chinese producer of tungsten Two potential low-cost operating mines Largest undeveloped tungsten-moly deposit in the world Near-term production; $8+ million cash flow per annum Surging commodity price 3
  • 4. Company OverviewEstimated Production Profile – 5 Year Projection Target Production Date Estimated Approx. Cash Flow August 2011: Currais Novos $8+ million per annum (Funded) 2nd Quarter 2013: Maracas $75+ million per annum (Equity funded; debt confirmed) March 2017: Northern Dancer $200+ million per annum $280+ million per annum The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates. 4
  • 5. Capital Structure Stock symbol: LGO – TSX-V Share price (February, 2011): $0.30 Shares issued (Basic): 465 million Management & Institutions: 75% 52-week High/Low: $0.51 / $0.22 Market cap (Basic): C$139 million Subscription receipts: 211 million Warrants & Options: 62 million Debt: $4 million 5
  • 6. Shareholders and Partners Institutional Shareholders Mackenzie Investments-14% Arias Resource Capital-10% Eton Park Capital Management-10% Ashmore Investment Management-10% Project Partners Glencore International 100% Take-or-pay off-take agreement for Maracas vanadium project Major Tungsten End User 100% off-take agreement for Currais Novos tungsten project 6
  • 7. Experienced Management Team Mark Brennan, President & CEO Founding member of Desert Sun Mining with over 20 years financing experience in North America and Europe. Founder and Principal of Linear Capital, Brasoil Corporation, Castle Resources, James Bay Resources, Morumbi Oil & Gas and former President, CEO and Chairman of Admiral Bay Resources. Tim Mann, P.Eng., Chief Operating Officer Mining Engineer with extensive international operations and management experience in mine engineering, development and operations with SNC Lavalin, Placer Dome and Goldcorp. Andy Campbell, M.Sc., P.Geo., Vice President Exploration Over 33 years experience in mining and exploration, including LAC Minerals and Noranda. Kurt Menchen, General Manager, Brazil Former Jacobina Mine Manager, Brazil. Mining Engineer with over 30 years experience including Anglo Gold and Desert Sun Mining. Les Ford, Technical Director of Brazilian Operations With over 40 years of experience in constructing, developing and producing vanadium projects, Mr. Ford is arguably one of the world’s foremost experts in vanadium. Previously Assistant General Manager of Highveld Steel and a member of the Highveld Executive Committee, and Managing Director of Rand Mines Vansa. Rodrigo Costa, Operations Director Most recently Metallurgy Manager with a major mining company in Brazil. His previous experience includes commissioning and constructing mines as well as acting as General Manager with one of Brazils largest private mining companies. Kevin Brewer, P.Geo., General Manager – Northern Dancer Project Geologist with over 20 years of mining and exploration experience, combined with extensive knowledge of regulatory and environmental assessment processes. John Laurie, C.G.A., Chief Financial Officer Over 20 years of accounting and financial management experience. 7
  • 8. Management Breakdown Tim Mann, P.Eng. Mark Brennan John Laurie Chief Operating Officer President & CEO Chief Financial Officer Ken Kuchling Darcie Ladd Robert Campbell, P.Geo. VP Engineering Manager, Business Development VP Exploration Kurt Menchen Kevin Brewer General Manager General Manager, Yukon Rodrigo Costa Les Ford Israel Nonato Director of Operations Technical Director of Operations Senior Exploration Geologist Mauricio Coletti Donald Clarke Eldes Bittencourt Mining Engineer Mining Engineer Geologist Mauro Silva Douglas Herbst Mike Henderson Electrical Engineer Mining Engineer Geologist Carlos Lorenzo Toronto Environmental Geologist Main Office Location Brazil Yukon
  • 9. Strong Board of Directors Stan Bharti, P.Eng., Chairman Over 25 years experience in operations, public markets and finance. Has raised over $5 billion in the last decade. Former Founder and Chairman of Desert Sun Mining. Mark Brennan, President/CEO and Director Founding member of Desert Sun Mining with over 20 years financing experience in North America and Europe. Founder and Principal of Linear Capital, Brasoil Corporation, James Bay Resources, and Morumbi Oil & Gas and former President, CEO and Chairman of Admiral Bay Resources. Dirk Donath, Director Senior Managing Director and Partner at Eton Park Capital Management, responsible for Eton Park’s private equity and direct investment activities in emerging markets. Eton Park is a global, multi-disciplinary investment fund with a capital base of over US$14 billion. Dan Ioschpe, Director Mr. Ioschpe is currently Chief Executive Officer of Lopche-Maxion, an international company operating in the automotive and railroad sectors.. Alberto Arias, Director Founder and President of Arias Resource Capital Management. He worked for Goldman Sachs & Co and was ranked for five consecutive years as the #1 Equity Research Analyst for the metals and mining industry in Latin America. Prior to Goldman Sachs, he worked at UBS as Executive Director and Analyst covering the Latin American mining sector. Mike Hoffman, P.Eng., Director Professional mining engineer with over 25 years experience; former Vice President at Yamana Gold and Desert Sun Mining. William Clarke, Director Former Ambassador to Brazil and Sweden. Former Advisor to Desert Sun Mining. 9
  • 10. Vanadium Strategic metal with highest strength to weight ratio of any engineering material World production of approximately 60,000 tonnes growing at 4- 5% per year between 2012 and 2015* China increasing usage in steel New product offerings Main commercial use: steel industry Small amount of vanadium enhances the strength of steel alloys and increases corrosion and abrasive resistance *Roskill Information Services Ltd. 10
  • 11. Vanadium Uses:Steel Drives DemandSteel Industry: 90% Vanadium End Use Carbon steel 36% High strength low alloys 22% Stainless/tool 9% Full alloy 20%Ferro-vanadium (FeV) Used in HighPerformance Steels for: Construction (building frames, bridges, etc.) Ship construction Structural applications Airplanes Automobiles and parts Railways & railcars Tools *Source: CRU, Vanadium Outlook 11
  • 12. Vanadium Uses:Growth in Green Technologies Vanadium Advantages Storage Applications Vanadium has shown to increase the Wind turbines effectiveness of energy storage in traditional Solar panels batteries Backup electrical systems Mass amounts of energy can be stored longer and batteries can be re-charged faster Hybrid/electric cars Low-cost, low-volatility, high-performance batteries Vanadium Redox Storage Batteries Vanadium redox storage batteries are the potential solution to green energy’s storage issues. Source: USGS, Byron Capital Markets 12
  • 13. Vanadium Uses:Growth in Green Technologies Voltage with Different Cathodes (v) Vanadium phosphate cathode material can support 20% more energy storage than 4.8 Advantages cobalt oxide, 26% more than iron phosphate 4.1 4.0 Vanadium 3.7 3.6 and 56% more than manganese oxide, 3.3 solving the issue of quick discharge in electric cars Highest voltages measured, generating a more powerful battery Li3V2(PO4)3 LiVPO4F LiMn2O4 LiCoO2 Li2FePO4F LiFePO4 Lithium Vanadium Electric Car Photo Courtesy of Tesla Motors The potential demand for electric cars can substantially increase the demand for lithium-ion batteries with cathodes compounded by vanadium. Source: USGS, Byron Capital Markets 13
  • 14. Tungsten Uses:Supply Constraints Drive Pricing Strategic metal with highest melting point of all metals Main commercial use: steel industry Heavy equipment and machinery automotive, drilling, electronics, construction materials & pipelines * Market dominated by China China produces 90% of global supply Tight export restrictions Chinese supply dwindling Surging commodity price Source: Roskill: Tungsten Market Outlook 14
  • 15. Near-Term Cash FlowTwo Advanced-Stage Projects with Potential to Expand Vanadium [V] Maracas: Highest grade/quality vanadium deposit 90% ownership Production Q2 2013: 5,000 TPA V2O5 (cost <$13) Approximate cash flow: $75+ million per annum Tungsten [W] Currais Novos: Near-term, low-cost production 100% ownership 1.5 million pounds per annum Commercial Production announced in December 2011 (cost <$59 MTU) Approximate targeted cash flow: $700,000 per month ($400 MTU APT) 15
  • 16. Maracás Vanadium Project Maracás Resource Estimate Mineral Reserve: 13.1 million tonnes grading 1.34% vanadium pentoxide (V2O5) Includes 8.7 million tonnes grading 1.94% vanadium pentoxide (V2O5) Mineral Resource: 23.2 million tonnes grading 1.27% vanadium pentoxide (V2O5) (M&I) Near-Term Production – Summer 2013 5,000 tonnes Fe-V annual production Lowest cost producer (less than $13 kg Fe-V) 23-year production plan 1.94% V2O5 mill feed during first eight years Open pit: low strip ratio of 2.23:1 Mill throughput 1,600 tpd Proven mining technology and processes Six-year off-take with Glencore (take or pay) Good local infrastructure 208,000 ounces 0.75g/t platinum/palladium 16
  • 17. Maracas: Concentrate Quality Highest Grade/Quality Vanadium Deposit in the World Deposit CharacteristicsVanadium is contained in magnetite with a higher iron content than others =Better recoveries, less power required, less chemicals =concentrate with much higher V2O5, higherFe, and lower SiO2 (contaminant) than any other deposit = LOWEST COST PRODUCTION 17 *Average grade comparisons compiled by Les Ford, presentation March 8, 2011
  • 18. Largo – Comparative Landscape Ore Quality* Concentrate Quality* Ore V2O5% Concentrate Concentrate Concentrate SiO2% in V2O5:SiO2 SiO2% V2O5% V2O5% Concentrate Ratio * Average grade comparisons compiled by Les Ford, presentation March 8, 2011 18
  • 19. Maracás Resource andProperty Maps Gulcari “A” Deposit Detail Maracás concessions and strike length 19
  • 20. Gulcari “A” Potential to Expand Present NI 43-101 Resource was defined solely on Gulcari “A” deposit 11,000 Meter Drill ProgramLocation of Gulcari “A”and proposed open pit Completed Q1 2012 (400 m x 150 m) 8km Target to double existing mineral resource – new resource expected for Q2 2012 Extend Glucari “A” deposit along strike and at depth Multiple high priority targets have returned positive high- grade drill results 20
  • 21. Maracás:Current Operating Parameters Recent ferrovanadium price US$28.00 per kg (FeV) Average cash operating costs US$12.89 per kg (FeV) Average pre-tax cash flow US$75.6 million per year Initial Capex US$240 million Payback 3.2 years(5,000 Tonne Per Annum Scenario) + 200,000 tonnes of lowgrade iron bi-product The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates. 21
  • 22. Maracas Cash Flow Projections projection Maracas: Catalysts for Growth  Year 1 = Current production parameters  Year 2 = Sale of tailings material (pig-iron)  Years 4+ = 50% increase in production capacity •Projections assumes FeV pricing of $2800 per Kg The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates. 22
  • 23. Maracás Milestones to Production 2012 Milestones to Cash-Flow Project equity financing – Complete – Announced April 11, 2011 Basic engineering – Complete Installation License – Complete – Received November 2011 Project debt financing – Confirmed – Funds Anticipated by April 2012 Equipment purchase – Underway & Ongoing Construction – To Commence Q2, 2012 Production – To Commence summer 2013 23
  • 24. Currais Novos: Summary Highlights Short-Term Target of 1.5 Million Pounds of WO3 per Year Commercial Production Announced December 2011 $8+ million per annum cash flow Reprocessing and recovery of tungsten from two tailing piles To produce1.5 million pounds per year: 65,000 MTUs Low cost producer (less than $60 per MTU) 4.3 million tonne NI 43-101 Resource Off-take agreement for 100% of production for four years 24
  • 25. Currais Novos: Potential to Expand Exploration has Commenced at Four Additional & Highly Prospective Properties Historical production district Significant production from 1940s to 1970s Numerous potential acquisitions in immediate vicinity – both underground and tailings Provides significant expansion potential Exploration underway with goal of defining additional resources 25
  • 26. Currais Novos Cash FlowProjections Currais Novos: Catalysts for Growth projection  Year 2 = Current production parameters  Year 4+ = following 3 year exploration ramp-up on recently acquired additional underground properties* Projections assumes exploration success on aditional properties ramp up The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates. 26
  • 27. Long-Term GrowthTwo Early-Stage Projects with Tremendous Potential to Add Value Tungsten [W] Northern Dancer: Largest undeveloped Tungsten deposit 100% owned 2011 PEA: 27.8% IRR & $1.8 billion NPV @ 8% ($365 MTU APT – Current APT price: $440 MTU) Vanadium/Titanium Dioxide [V] Campo Alegre: Titanium, iron, vanadium deposit/high grade 100% owned 133 million tonnes (Non NI 43-101 compliant) @ 0.75% V2O5, 50% Fe, 21% Ti Potential 1.5 billion tonnes 27
  • 28. Northern Dancer ProjectNorthern Dancer Resource Estimate 223.4 MT grading 0.102% WO3 and 0.029% Mo (M&I) Higher-grade tungsten and molybdenum zone: 60.3 MT of 0.14% WO3 and 0.045% Mo (M&I) 201.2 MT grading 0.09% WO3 and 0.024% Mo (I)Development Milestones PEA complete Pre-feasibility underway Environmental permitting under way Discussions with off-take partners and JV partner 28
  • 29. Northern Dancer: PEA HighlightsHighlights* Positive NPV of US$918 million at $275 MTU APT and an 8% discount rate Current trading price of US$465 MTU Low cash cost producer: US$116 per MTU Cumulative cash flow US$4.8 billion Average annual production of 833,000 MTU tungsten (18.3 million pounds) Average annual production of 5,959,000 pounds molybdenum over initial 23 years Pre-production capital costs: $645 million Tungsten Molybdenum NPV @ 8% IRR (%) (US$ per MTU) (US$ per lb) (US$ millions) $275 $17.50 20.0 918 $300 $17.50 22.2 1,110 $325 $17.50 24.4 1,302 $350 $17.50 26.5 1,494 $365 $17.50 27.8 1,769 * The PEA is preliminary in nature, and includes inferred resources that are too speculative geologically to have economic considerations applied to them. There is no certainty that the PEA will be realized. 29
  • 30. Northern Dancer: Highlights IRR and NPV’s at Higher Tungsten Price Points* Tungsten Molybdenum NPV @ 8% IRR (%) (US$ per MTU) (US$ per lb) (US$ millions) $400 $17.50 31.0 2,074 $450 $17.50 35.0 2,500 ** * Derived from PEA sensitivity analysis * ** Roskill: Tungsten Market Outlook, 2012 30
  • 31. Campo Alegre ProjectNon NI 43-101 Compliant Resource:133 Million Tonnes Grading 50% Fe,21% TiO2, 0.75% V2O5* 100% owned iron, titanium, and vanadium deposit 650 kilometres northwest of Salvador Excellent access and infrastructure Seven concessions covering 9,274.66 hectares 24 kilometres by 5.5 kilometresLocation Highlights Located in mining-friendly and politically stable Brazil Two railway lines in development within 140 kilometres with direct access to major ports Several major iron-ore projects in vicinity * Historical resource provided by CBPM (Bahia State Mining Development Agency) 31
  • 32. Campo Alegre: Potential to Expand 14 km x 2.5 km trend Multiple mag-targets Mag-survey indicates fold structure Historical drill program only tested to 60 m Potential expansion at depth 32
  • 33. Summary of Portfolio Vanadium [V] Maracas: Highest grade/quality vanadium deposit Production Summer 2013: 5,000 TPA V2O5 (cost <$13) Approximate cash flow: $75+ million per annum Campo Alegre: Titanium, iron, vanadium deposit/high grade 133 million tonnes (non NI 43-101 compliant) @ 0.75% V2O5, 50% Fe, 21% Ti Potential 1.5 billion tonnes Tungsten [W] Currais Novos: Near-term, low-cost production 1.5 million pounds per annum commenced December 2011 (cost <$59 MTU) Approximate targeted cash flow: $700,000 per month ($400 MTU APT) Northern Dancer: Largest undeveloped tungsten deposit 423 MT Resource (M, I&I) 2011 PEA: 27.8% IRR & $1.8 billion NPV @ 8% ($365 MTU APT) 33
  • 34. Near-Term Objectives &Recent Milestones Maracas Received Installation License (LI): October 2011 Secured US$150 debt facility: November 2011 Completed FEED study: December 2011 Complete exploration drill program: December 2011 Double existing resource: Q2 2012 Purchase outstanding 10% interest: Q1 2012 Currais Novos Commercial Production commenced: December 2011 Additional acquisitions: October 2011 Start underground exploration program: 2012 Campo Alegre Permits pending for exploration program Commence exploration drill program upon receipt of permits Expand Inferred resource to 1.5 billion tonnes: Northern Dancer Complete pre-feasibility: Q2 2012 Complete feasibility: December 2012 34
  • 35. Investor Connect Darcie Ladd Business Development Manager dladd@largoresources.com 416-861-9406 Mark Brennan President and CEO mbrennan@largoresources.com 416-861-9797 Largo Resources www.LARGORESOURCES.com @LargoResources1 55 University Ave. Suite 1101 Toronto, ON – M5J 2H7 Largo Resources 35

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