Largo to commence electrical-mechanical assembly at its Maracas Project in Bahia State Brazil

Largo to commence electrical-mechanical assembly at its Maracas Project in 
Bahia State Brazil 
Symbol: LGO (TSX.V) 
TORONTO, Jan. 23, 2013 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") 
is pleased to announce that it is mobilizing for electrical-mechanical 
erection at its Maracas Vanadium Project in Bahia Brazil (the "Project"). 
The electrical-mechanical contractor is presently mobilizing to begin 
construction at the Project site. Electrical-mechanical erection encompasses 
the construction and assembly of all the main components of the process plant 
and will continue through to commissioning in Q4 of 2013. 
Current construction activities at the Project site continue to progress on 
schedule and on budget. 
Civil construction is proceeding on track with main foundations either near 
complete or well advanced (see pictures 1-6 below). The erection of 
administrative buildings is proceeding exceptionally well and the construction 
management group at site will shortly be relocated from the current temporary 
site offices (see picture 3). 
Installation of the main plant steel piperack (see picture 2) is making 
headway and will be completed shortly following the laying of electrical and 
piping materials that they will support. 
The procurement process is well advanced with 95% of the required purchase 
orders for securing equipment and services already having been placed. 
All equipment deliveries remain on schedule. Some imported equipment has 
already arrived in Brazil, been released from customs, and is presently 
en-route to the Project for installation. Some other imported items are in 
transit to their intended export ports and will be shipped shortly for arrival 
at the Project within their targeted schedules. Largo has retained a 
consultant specializing in the importation of goods to Brazil who is 
supporting Largo in this process, including making the arrangements for the 
equipment's arrival with local customs authorities. 
Pre-stripping at the deposit and pit area has been initiated with waste 
material being used for construction of the truck ramp required for dumping 
ore to the crusher. 
The water pipeline which will provide fresh water to the Project is 
approximately 90% complete and commissioning is anticipated for February, 
2013. Meanwhile, a temporary supply of water from wells developed by Largo 
is providing an adequate flow of water for construction purposes. Largo also 
notes that the rainy season is in progress and the region has received 
moderate rainfall recently. The rainy season generally continues into March. 
Work on the electrical power line is continuing with pre-commissioning 
targeted for mid-year. 
Additionally, Largo announces that effective today it has granted 37,810,800 
stock options to various management, employees, and consultants of the 
Company. The options will vest over three years and will be priced a third at 
$0.22, a third at $0.24 and a third at $0.26. 
Other than in connection with the hiring of new employees, Largo has not 
issued stock options generally to management since August 2010. Currently, 
options issued to management, employees and consultants represent just 2.1% of 
outstanding shares. Following this issuance, options held by management 
employees and consultants will represent 6.5% of the Company's outstanding 
share capital; still below average for comparable companies. 
About Largo 
Largo is a Canadian-based mineral resource exploration and development company 
focused on creating a world leading strategic metals company. 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. The immediate goal of the Company is to develop the 
Maracás Vanadium Project by Q4 2013 and continue to produce WO(3) 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 is listed on the TSX Venture Exchange under the symbol "LGO". 
For more information please refer to Largo's website: 
The Company cautions that the Report is a preliminary economic assessment only 
which was undertaken to re-scope an advance staged project based on new 
information and readers should not treat the results as enhancing the 
Feasibility Study or certainty of the Maracas Project. 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 Maracas 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. 
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Darcie Ladd Manager Business Development 416-861-9406 
Mark Brennan President & CEO 
PDF available at: 
SOURCE: Largo Resources Ltd. 
To view this news release in HTML formatting, please use the following URL: 
CO: Largo Resources Ltd.
ST: Ontario
-0- Jan/23/2013 20:55 GMT
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