2. TSX:LGO OTCQB:LGORF | 2
Forward Looking Statements
The information presented contains âforward-looking statements,â within the meaning of the United States Private Securities Litigation Reform Act of 1995, and âforward-looking
informationâ 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 and forward-looking information can be identified by the use of forward-looking terminology such as âplans,â âexpectsâ or âdoes not
expect,â âis expected,â âbudget,â âscheduled,â âestimates,â âforecasts,â âintends,â âanticipatesâ or âdoes not anticipate,â âbelieves,â âprojectsâ or variations of such words and
phrases or state that certain actions, events or results âmay,â âcould,â âwould,â âmightâ or âwill be taken,â âoccurâ or âbe achieved.â 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. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking
statements or forward-looking information, 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 and forward-looking information. The Company does not undertake to update any forward-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 Standards for disclosure for Mineral Projects (âNI 43-101â)of the Canadian Securities Administrators requires that each
category of mineral reserves and mineral resources be 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 Resources
The information presented uses the terms âmeasured,â âindicatedâ and âinferredâ mineral resources. United States investors are advised that while such terms are recognized and
required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. âInferred mineral resourcesâ 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 an inferred mineral resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or 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 converted into 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 legally mineable.
Except as otherwise specifically stated, Mr. Robert Campbell, Vice President of Exploration to Largo, and a Qualified Person as defined by NI 43-101 has reviewed and approved
the scientific and technical disclosure contained herein.
3. TSX:LGO OTCQB:LGORF | 3
One of the Lowest Cost Producers of V2O5
Direct Exposure to Commodity with Strong Growth Profile
Q4 2017 operating cash costs averaging US$3.57/lb V2O5.
Vanadium price of US$15.00-16.00/lb of V2O5 recorded during week of March 23, 2018.
Dec. and Q4 2017 production record of 903 tonnes and 2,539 tonnes of V2O5 produced respectively.
Consistent, Robust and Record Production Rates
High Grade Resource Base with Long LOM
2x industry average P&P reserve grade of 1.13% V2O5 with 10 year mine life.
Largoâs V2O5 has been qualified for VRB and electrolyte makers, every producer of vanadium master alloys
supplying the western titanium industry and is currently being qualified by major catalyst and chemical producers.
Significant Value Proposition for HQ V2O5 Consumers
Largo Resources: The Go-To Name for Vanadium
4. TSX:LGO OTCQB:LGORF | 4
The MaracĂĄs Menchen Mine
Initial production of vanadium pentoxide flake commenced Q3 2014.
Campbell Pit Ford Processing Facility
5. TSX:LGO OTCQB:LGORF | 5
The MaracĂĄs Menchen Mine
Ownership 99.84%
Location Bahia State, Brazil
Size 17,690 ha
Commodity Vanadium
Products
V2O5 flake, High purity
V2O5 flake & powder
Mining type Open pit
Plant throughput 3,900 tpd
2018 production
guidance
8,950-9,950 tpa of V2O5
Off-take 100% - Glencore (2 yrs)
Reserve life 10 years*
Tonnes
(kt)
V2O5
Head Grade
(%)
V2O5 %
in Con.
Proven 17,570 1.14 3.21
Probable 1,440 1.26 3.20
Total in pit
reserve
19,010 1.13 3.22
Campbell Pit Reserves
*Campbell Pit reserve life calculated as
Proven & Probable Reserves divided by
annual mill throughput.
6. TSX:LGO OTCQB:LGORF | 6
MaracĂĄs Menchen Mine Production Summary
V2O5 Produced
(tonnes)
768 779
655 645
787
751
807
888
818
773
863
903
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017
V2O5 Produced
(tpa)
7,966
9,297
Jan Jan2016 2017
Total production results in 2017 exceeded midpoint of annual 2017 guidance as a result of exceptional
operational performance.
Significant production records achieved in 2017.
903 tonnes of V2O5 produced in December represents 113% of plantâs nameplate capacity.
Plant demonstrates ability to produce at and above nameplate capacity.
1,169
2,311
2,182
2,304
2,062
2,183
2,513 2,539
Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
V2O5 Produced
(tonnes)
7. TSX:LGO OTCQB:LGORF | 7
31.5
49.0
81.2
167.7
21.1 19.5
77.2 80.4
Q4/16 Q4/17 2016 2017
Revenues Direct Mine and Mill Costs
2017 Financial Performance
Revenues / Direct Mine
and Mill Costs
($CAD million)
Record production rates support low and consistent cash operating costs.
Operating cash flows
($CAD million)
4.5
38.5
-15.9
58.6
Q4/16 Q4/17 2016 2017
Cash Operating Cost Profile
($US/lb)
$3.90
$3.56 $3.56 $3.57
Q1/17 Q2/17 Q3/17 Q4/17
CAD$13.5MM quarterly net income reported in Q3/17 for the first time ever.
Consistent cash operating costs of US$3.56-US$3.57/lb V2O5 achieved in 2017 demonstrate
plantâs ability to be the lowest cost producer.
Strong cash position with cash increasing to CAD$54.7MM in Q4/17 from CAD$16.0MM in Q3/17.
8. TSX:LGO OTCQB:LGORF | 8
2018 Guidance
Annual production guidance
V2O5
8,950 - 9,950 tonnes
Annual average cost guidance
$US/lb V2O5
$4.15
Elevated commodity prices and consistent production rates to drive exceptional operational performance in 2018.
19.7 â 21.9 million pounds
$CAD/lb V2O5
$5.16
Increases in the annual average cost for 2018 are a direct result of
increases in royalties attributable to the increase of V2O5 prices. At
US$6.50/lb V2O5 royalties total ~US$0.32 of costs whereas at
US$15.50/lb V2O5, royalties increase to ~US$0.74 of costs.
9. TSX:LGO OTCQB:LGORF | 9
Projects and Operational Highlights
20 tonnes of "high purity" V2O5 was sold in Q3 2017 (125 tonnes in the Year ended December 31, 2017). "High
purity" V2O5 flake yields a price premium to the Company over and above what is received for V2O5 flake. For 2018,
Largo anticipates significant sales of high purity V2O5 flake.
In addition, the Company is proceeding with the installation of the necessary equipment to handle and pack âhigh purityâ
V2O5 powder. V2O5 powder is required for critical chemical and catalyst applications. Largoâs V2O5 is being or has
been qualified by major catalyst and chemical producers in Europe, North America and Asia.
Shutdown of cooler and kiln refractory maintenance is planned for seven days in Q2 2018. The planned shutdown will
provide increased production efficiency going forward.
Largo Resourcesâ V2O5 has been qualified at every producer of vanadium master alloys supplying the western
titanium industry and is currently supplying this market with V2O5 each month.
Largo Resourcesâ V2O5 has been qualified for use by vanadium redox flow battery developers and electrolyte
producers in North America, Europe and China.
10. TSX:LGO OTCQB:LGORF | 10
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017E
2018E
2019E
2020E
2021E
2022E
2023E
2024E
2025E
Vanadium Fundamentals
Vanadium: Strategic Characteristics / Applications
Steel Production 2001â2025E
Steel Production (000 MT) ⢠91% of vanadium is used in
steel production as an alloy.
⢠We project growth in global steel
production from 2017-2025 to be
a modest 2% per year.
⢠Increasing intensity of vanadium use
coupled with specific end-use
growth drivers will allow vanadium
demand to continue to expand.
⢠Growth in global steel production
rates have fueled 85% of the
increase in vanadium
consumption from 2001 to 2017.
Improves Tensile Strength
Most effective alloy for increasing the
strength of reinforcing bars used for
buildings, tunnels, and bridges
Supports Fuel Efficiency
High strength-to-weight ratio make
vanadium a vital component in the
manufacturing of auto-motive and
aviation industries - increases fuel
efficiency and durability
Increases Weather Resistance
Natural properties make vanadium
alloys durable in extreme temperature
environments and corrosion resistant
Limits Regular Wear and Tear
High-strength vanadium alloys are
used extensively in equipment where
abrasion resistance and toughness
are necessary to operate in
unforgiving environments
⢠High strength steel structures
⢠Rebar for construction
⢠Buildings, bridges, tunnels
⢠Automotive parts
⢠Aviation and aerospace
⢠Pipelines
⢠Power lines and Power pylons
⢠Chemical plants, oil refineries,
offshore-platforms
⢠Missiles and defense
⢠Rail lines, Railway cars, Cargo
containers
⢠Construction machinery and
equipment
⢠Ships
Source: TTP Squared Inc. and Vanitec.
11. TSX:LGO OTCQB:LGORF | 11
V2O5 Monthly Midpoint Average Pricing
Mean
$7.94
$US/lbV2O5
$US / lb V2O5
Median
$6.52
$US / lb V2O5
High
$34.63
$US / lb V2O5
Low
$2.95
$US / lb V2O5
May 2005 Dec. 2015
Source: Metal Bulletin
Metal pricing takes in to account inflation for corresponding years.
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
Jan-80
Oct-80
Jul-81
Apr-82
Jan-83
Oct-83
Jul-84
Apr-85
Jan-86
Oct-86
Jul-87
Apr-88
Jan-89
Oct-89
Jul-90
Apr-91
Jan-92
Oct-92
Jul-93
Apr-94
Jan-95
Oct-95
Jul-96
Apr-97
Jan-98
Oct-98
Jul-99
Apr-00
Jan-01
Oct-01
Jul-02
Apr-03
Jan-04
Oct-04
Jul-05
Apr-06
Jan-07
Oct-07
Jul-08
Apr-09
Jan-10
Oct.-10
Jul-11
Apr-12
Jan-13
Oct-13
Jul-14
Apr-15
Jan-16
Oct-16
Jul-17
Mar18
Current price vs:
LTM: +207%
Last 6 months: +72%
YTD: +59%
⢠Global inventories have become very tight on the back of supply side
rationalizations over the past two years
⢠As a result, demand for vanadium will continue to exceed supply through
2020, causing an elevated price environment in the near-term
⢠To meet the excess demand, new primary mined vanadium capacity will
need to come online, which has historically been proven to be difficult
$15.50
12. TSX:LGO OTCQB:LGORF | 12
Vanadium Production and Consumption by Region
44%
18%
12%
9%
6%
6%
4%
China
Europe
North America
Other
CIS
Japan
India
Vanadium Consumption by Region 2017
85,800 MTV
Total V Consumption 2017
47,258
8,300
8,105
7,785
5,433
3,000
1,950700
400
250
China
Russia
South Africa
Europe
Brazil
North America
Japan
India
Taiwan
Korea
83,181 MTV
Total V Production 2017
Vanadium Production by Country 2017
⢠Today, ~92% of vanadium raw material supply is controlled
by China, Russia, South Africa and by oil residues
originating primarily from Venezuela and Mexico.
0.092
0.072
0.054 0.052 0.051
0.046
0.037 0.034
0.00
0.02
0.04
0.06
0.08
0.10
North
America
Europe CIS Japan World
Average
China Other India
Specific Vanadium Consumption Rates 2017
KgV/MT Steel
⢠World vanadium consumption has grown at a CAGR of
7.1% from 2001 to 2014. Global vanadium consumption
more than doubled over this period before falling back
significantly in 2015 and 2016.
Source: TTP Squared Inc.
13. TSX:LGO OTCQB:LGORF | 13
Vanadium Production and Consumption: Global
30,000
50,000
70,000
90,000
110,000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
2020E
2021E
2022E
2023E
2024E
2025E
Production Consumption
(Metric Tons V per Year)
2018E,
$18.00
2019E,
$20.00
2020E,
$21.00
2025E,
$14.00
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2001 2004 2007 2010 2013 2016 2019E 2022E 2025E
Cumulative inventory change Inflated V2O5 Price
Cumulative Inventory Change (Months of Consumption) V2O5 Price (US$ / pound V2O5)
⢠Projections suggest production of vanadium
will continue to run below consumption of
vanadium through 2020.
⢠Global inventories have become very tight on
the back of supply side rationalizations over
the past two years.
⢠As a result, it appears the only solution to the
market imbalance in the short term (less than
5 years) causing elevated prices.
⢠There will be a need for new primary mined
vanadium capacity to come to market. Based
on history it will be a challenge for new
capacity to come online.
Inflated V2O5 Price
Source: TTP Squared Inc.
14. TSX:LGO OTCQB:LGORF | 14
Vanadium Consumption and Production: China
⢠In February 2018, the Standardization
Administration for the People's Republic of
China implemented a new rebar standard and
set special actions to cut down on the use of
all substandard steels beginning Nov. 2018.
-20%
-10%
0%
10%
20%
30%
40%
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017E
2018E
2019E
2020E
2021E
2022E
2023E
2024E
2025E
China Ex China Global
(Annual Change %)
Change in Specific Vanadium Consumption Rates
0.000
0.010
0.020
0.030
0.040
0.050
0.060
0.070
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
China Specific Vanadium Consumption Rates
KgV/MT Steel
⢠Over the coming months vanadium
consumption in rebar in China will see
significant growth as the new standard is
implemented.
⢠Today China produces 140 million MT high
strength rebar. If current amounts of steel is
produced to grade 3 standards using
vanadium the total vanadium required is
42,000 MTV per year, or an increase of
17,000 MTV over 2016 (21% of 2017 global
vanadium production).
Source: TTP Squared Inc.
15. TSX:LGO OTCQB:LGORF | 15
Vanadium Production: Costs
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000100,000
CashCostUS$/lb.V2O5
Cumulative Volume MTV
Vanadium Producers Cost Curve 2017
Largo Resources: Cash Cost US$3.57/lb
V2O5
72%
18%
10%
Coproduct Steel Slag
Primary Vanadium Ore
Secondary
Vanadium Production 2017 by Raw Material Type
⢠Largo Resourcesâ MaracĂĄs Menchen Mine has
consistently proven to be one of the lowest cost
producers of vanadium in the world.
⢠From estimates acquired from TTP Squared,
we can project the total cash cost to produce
V2O5 from steelmaking slag in 2018 to vary
from a low of US$2.77/lb. V2O5 to as high as
US$8.75/lb. V2O5.
⢠We project the cash cost from primary mines
in 2018 will vary from a low of US$3.33/lb.
V2O5 to a high of US$8.63/lb. V2O5.
⢠For secondary production in 2018 we
project cash costs ranging from US$8.22/lb.
V2O5 to a high of US$11.88/lb. V2O5.
Current Spot Price: US$15.00-16.00/lb V2O5
Source: TTP Squared Inc.
16. TSX:LGO OTCQB:LGORF | 16
Long-term forecasts for vanadium price remain elevated due to supply
constraints. Largoâs cash cost is one of the lowest in the world which
increases operating margins and culminates in significant cash flow
generation for the Company.
Positioned for the Future
Largo Resources: Looking Ahead
Largoâs extensive land package offers continuous regional opportunity to
consistently feed the MaracĂĄs Menchen Mine. The Campbell Pit boasts a
mine life of 10 years and an additional 12 years* if resources are converted
and projected expansion plans for target an annual production rate of
13,200 tpa of V2O5 produced at the MaracĂĄs Menchen Mine.
Long-term Growth
Focus on Profitability
Largo recorded itâs first ever quarter of Net Income in Q3 2017. As
production remains consistent, Largo is focused on streamlining additional
cost saving and performance improving measures to increase profitability at
the mine.
Strategic Opportunities
Largo remains focused on increasing shareholder value through strategic
opportunities presented by the high purity vanadium market. The inherent high
purity of Largoâs vanadium enables the company to continually source additional
revenue opportunities in this highly lucrative market segment.
An additional mine life of 12 years is estimated if inferred resources in the Satellite
Deposits and remaining Campbell in pit resources come to be converted to mineral
reserves
17. TSX:LGO OTCQB:LGORF | 17
Corporate Structure
$668.4M
Market Capitalization
(CAD$)
$1.29
Share Price
($CAD, as at Mar. 27/18)
Shares Issued / Outstanding
(MMâs)
516.9
Warrants and Options (Basic)
(MMâs)
165.0
TSX LGO | OTCQB LGORF
Arias Resource Capital 61%
Alberto Beeck 11%
Major Shareholders
Heiko F. Ihle H.C. Wainwright & Co.
Analyst Coverage
18. TSX:LGO OTCQB:LGORF | 18
Corporate Office
55 University Avenue
Suite 1101
Toronto, Ontario
M5J 2H7
Largo Investor Relations
416-861-9797
ir@largoresources.com
largoresources.com
Investor Relations
20. TSX:LGO OTCQB:LGORF | 20
Management Team
World class management team with extensive experience operating mines in Latin America.
Mark Smith
Mr. Smith brings with him 34 year's previous experience operating, developing and financing mining projects in the Americas and
abroad. Mr. Smith also serves as Executive Chairman to NioCorp Developments Inc. which is developing the only niobium deposit in the
USA and was rated the top performing mining company on the TSX Venture Exchange in 2014. He formerly served as President and
CEO of Molycorp, Inc. from 2008 to 2013, during which time he developed the company into the largest rare earth company in the
world outside of China. Prior to Molycorp, Mr. Smith held various engineering, legal and executive positions for Chevron and Unocal.
President and CEO
Ernest Cleave
Mr. Cleave is a financial professional with over 25 years' experience in finance strategy, compliance, financial reporting, internal control and
strategic planning. Mr. Cleave has previously served as Director, CFO, Corporate Controller and in senior finance positions for large, multi-
national companies in the mining, manufacturing and retail sectors, including GoldCorp Inc., Falconbridge Limited and Cline Mining.
Chief Financial Officer
Paulo Misk
Mr. Misk is a mining engineer with over 28 years' experience in operational management at mining facilities for various large multi-
national mining companies across a wide range of commodities, including: niobium, chromite, iron, tin, gold, lithium and a range of other
industrial minerals. Most recently, Mr. Misk ran Anglo American's CatalĂŁo Project from 2011 to 2014 where he was promoted to Head
of Niobium Operations after serving as Niobium General Manager for one year.
President of Operations, Brazil
Robert Campbell
Mr. Campbell is an exploration geologist with over 35 years experience in mining and exploration industry through Canada, United States and
Latin America. He has worked for a number of major mining companies, most notably Noranda and Lac Minerals. He became involved with Largo
Resources at its inception in November 2003 as Vice President of Exploration. He has also held other senior management positions such as Vice
President of Exploration for Apogee Minerals Ltd. and Largo Resources Ltd. and as a Director for Morumbi Oil & Gas Inc.
Vice President, Exploration
Luciano Chaves
Mr. Chaves has over 20 years of experience in Financial Management in a range of different industries. For the last 12 years he has lead
the Finance department of multinational mining and services companies in Latin America. Since joining Largo in 2011, his understanding
of both domestic and international business environment has brought a differentiated contribution to the MaracĂĄs Project. Luciano holds
a Bachelor degree in Finance and Post-graduate degree in business administration.
Vice President of Finance and Administration, Brazil
21. TSX:LGO OTCQB:LGORF | 21
Board of Directors
Independent board with breadth of expertise.
Sam Abraham
Director
Vice President,
Arias Resource Capital
CEO of Karmin
Exploration. Formerly with
Aur Resources
David Brace
Director
Founder & President,
Arias Resource Capital
Alberto Arias
Director
Managing Partner
VH Properties & Director
of Virgin Hotels
Alberto Beeck
Director
Mark Smith
Director
President & CEO of Largo
Resources Ltd.
Former President & CEO of
Sierra Metals and ASARCO
L.L.C.
Daniel Tellechea
Director
Partner at McGovern, Hurley,
Cunningham L.L.P.
Koko Yamamoto
Director
22. TSX:LGO OTCQB:LGORF | 22
Menchen Mine Concessions and Mineralization
17,690 ha land package
Extensive land package offers substantial regional growth to feed the MaracĂĄs Menchen Mine for the long term.
Campbell Pit
23. TSX:LGO OTCQB:LGORF | 23
Campbell Pit Reserves and Resources
Category Tonnes (Mt) V2O5 Head Grade
(%)
V2O5 Contained (kt) V2O5 in Concentrate
(%)
Measured (M) 18.08 1.19 215.0 3.19
Indicated (I) 1.70 1.28 21.7 3.12
M&I 19.78 1.20 236.7 3.19
Inferred 1.65 1.20 19.8 3.10
MaracĂĄs Menchen Mine â Campbell Pit Mineral Resources
Category Tonnes (kt)
V2O5
Head Grade (%)
V205 % in
Con.
Proven 17,570 1.14 3.21
Probable 1,440 1.26 3.20
Total in pit
reserve
19,010 1.13 3.22
MaracĂĄs Menchen Mine â Campbell Pit Mineral Reserves
Mineral Reserves (Proven and Probable Resources), Mineral Resources, and Inferred Resources for the MaracĂĄs Menchen Mine as calculated in: An Updated Mine
Plan, Mineral Reserve And Preliminary Economic Assessment Of The Inferred Resources, dated May 2nd, 2017 and filed on SEDAR on May 2nd.
25. TSX:LGO OTCQB:LGORF | 25
MaracĂĄs Menchen Mine Processing Flow Chart
Standard
V2O5 Flake
High Purity
V2O5 Flake
High Purity
V2O5 PowderAMV Stockpile
26. TSX:LGO OTCQB:LGORF | 26
Responsible Mining at the MaracĂĄs Menchen Mine
Largo Resources holds the health and safety of its employees and the community in which
it operates in the highest regard. The MaracĂĄs Menchen Mine develops initiatives and
programs that aim to improve quality of life and help prevent accidents. Largo also hosts
campaigns for disease prevention and awareness.
All employees undergo broad health and safety training before they start their activities
and undergo periodic medical tests in order to track both their occupational and general
health.
Health & Safety
The MaracĂĄs Menchen Mine is focused on strengthening local identity and regional
socioeconomic development. The Project supports various initiatives related to quality of
life, well-being, education, health and cultural appreciation of the communities in which it
operates. It also offers professional qualification programs and sustainable projects that
allow jobs creation and income for the residents of the city of MaracĂĄs.
Community
The MaracĂĄs Menchen Mine owns the San Conrado legal reserve, where native species
are preserved on over 2 thousand hectares of native forest. Wild animals found in the
project area are captured and released onto the reserve. A native plant greenhouse, with
the capacity to produce 20 thousand trees is also being cultivated to reforest the
surrounding area.
Largoâs environmental sustainability policy seeks to preserve the region's natural
resources and monitor the quality of soil, water, air and the protection of Flora and Fauna.
In the first years of operation, over 1 million Real (BRL) has been invested in
environmental projects in the Jiquiriçå Valley in which it operates.
Environment & Wildlife Preservation
29. TSX:LGO OTCQB:LGORF | 29
Secondary Projects
Currais Novos â 100%
Region Brazil
Metal Tungsten
Stage Care & Maintenance
⢠Currais Novos is a tungsten tailings
operation
⢠Production commenced in December
2011 and plant optimization continued
through 2012
⢠Production suspended in 2013 due to a
severe regional drought
Campo Alegre â 100%
Region Brazil
Metal V, Ti, Fe
Stage Exploration
⢠Seven concessions covering 9,275
hectares, hosting a large, potentially
world class iron, titanium and vanadium
deposit
Northern Dancer â 100%
Region Yukon, Canada
Metal Tungsten
Stage PEA Complete
⢠One of the worldâs largest undeveloped
tungsten-molybdenum deposits
⢠M&I: 223.4 million tonnes, grading
0.102%,WO3and 0.029% Mo
30. TSX:LGO OTCQB:LGORF | 30
Corporate Office
55 University Avenue
Suite 1101
Toronto, Ontario
M5J 2H7
Largo Investor Relations
416-861-9797
ir@largoresources.com
largoresources.com
Investor Relations