Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Northern Dancer Tungsten-Molybdenum deposit in the Yukon and the Maracas Vanadium-PGM deposit in Brazil. Largo also has a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador; one of which, the 5,000 hectare Macuchi property, is under option to Aur Resources Inc. The company is listed on the TSX Venture Exchange under the symbol LGO.
Maracas is the world’s highest grade known vanadium deposit (Brazil)
22.5 million tonnes of 1.27% V205 (NI 43-101 Measured and Indicated Resource) Includes 8.7 MT grading 2% V205, to be milled first 10 years of production 406 Million lbs of potential FeV (+ $14 billion in metal value at current prices) and robust economics* (based on 12/07 Micon Scoping Study) Strong PGM exploration upside Off-take agreement signed with Glencore International Feasibility stud underway with target production early 2010 Northern Dancer (tungsten/molybdenum), Yukon Territory
253.2 MT grading 0.10% WO3, 0.022% Mo (Inferred) 140.8 MT grading 0.10% WO3, 0.026% Mo (Indicated) Higher-grade tungsten zone of 17.1 MT grading 0.17% WO3 and 0.03% Mo (Indicated) and 18.7 MT grading 0.16% WO3 and 0.023% Mo (Inferred) Higher-grade Moly zone 27.6 MT grading 0.048% Mo (Indicated) Preliminary economic assessment by Snowden - SGS is underway, targeted production 2013 Ongoing discussions with off-take partners
$+0.005