Largo Resources provides operational update

•Maracás construction remains on budget and on schedule 
•Largo appoints Mr. Andrew Hancharyk to position of Chief Legal 
Officer 
TORONTO, June 13, 2013 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") 
is pleased to provide an operational update on its Maracás Vanadium Project 
in Bahia, Brazil. 
Civil and electrical-mechanical construction at the Maracás Vanadium Project 
is progressing well. At present, the project remains on schedule and within 
budget for commissioning at the end of the Fourth Quarter, 2013 (see pictures 
1-5). 
A full summary of recent developments is listed below: 
Items Completed Since April 30, 2013: 


    --  Mechanical erection of the electrical switchyard and main
        substation is complete and pre-commissioning has also been
        concluded. Final commissioning of these areas will occur upon
        completion of the 86km power line which is presently in
        progress.
    --  Erection of the crushers and conveyors is complete.
        Pre-commissioning of the crushing circuit will commence soon.
    --  Construction of the cafeteria building and sewage treatment
        plant is finished.
    --  Construction of the medical center has been completed.  The
        center can now function on an operational basis.
    --  The chloride tailings pond earthworks are complete with
        installation of the liner to commence shortly.

Highlights of Ongoing Development:
    --  The foundation for the ball mill has been completed and the
        bearings which will support the mill are currently being
        installed.
    --  Installation of the concrete bases for the magnetic separation
        unit is complete. The steel structures for the magnetic
        separation unit, concentrate filter and cyclones are in
        progress.
    --  Tanks for the tailings thickener are nearing completion.
    --  The heavy shells, light shells and live rings for the kiln and
        the cooler have been shipped from China and are presently en
        route to the port of Salvador, Brazil.
    --  Six of the 10 rollers for the kiln and cooler have now been
        fabricated and are scheduled for shipping by the end of June.
        The balance of 4 rollers, expected to be shipped in July,
        required additional work before shipment, which is already in
        progress.
    --  Equipment imported from South Africa, including the
        deammoniator and the sodium sulphate crystallizer, has arrived
        in port in Brazil and will be transported to the Maracás site
        after clearance with local authorities.
    --  Construction of the water treatment plant is expected to be
        ready for commissioning by early August.
    --  At present, construction of the 86km power line is progressing
        with approximately 50% left to be completed.

Overview of Site Development and Critical Path Items:

Significant progress has been made in all areas at the project site. Several 
areas are now complete with specific locations and equipment entering the 
pre-commissioning or commissioning stages according to their intended 
schedules. Fabrication of the majority of international equipment has 
concluded with shipments either anticipated in the near-term or already 
underway.

Fabrication of the majority of the items associated with the 90 meter kiln and 
34 meter cooler is now complete, including all the heavy and light shells and 
six of the ten rollers. Many of the completed items are presently in transit 
to Brazil. Much of the remainder is expected to be shipped in June according 
to schedule. Due to problems during the fabrication process in China, four of 
the additional rollers required recasting. As a result, they will be 
delivered later than the other six. Although the kiln's erection schedule has 
now been revised as a result, Largo continues to remain on track for 
commissioning of the project by the end of Q4 2013, provided revised shipment 
dates are adhered to. It is important to note that the costs associated with 
the recasting have been assumed by the supplier.

The electrical power line is likewise proceeding with approximately 
fifty-percent of the construction completed to date. Of the total of 
eighty-six km of the power line, only fifteen percent (13 km)remains subject 
to settlement with affected land owners. Management expects to reach 
settlements by the end of June. In the event agreements cannot be reached with 
these landowners, the state power agency and Largo have been issued a 
"right-of-way" for access to the remaining land. A final approval from the 
judge involved in the process is expected in the near-term. Largo believes the 
resolution will be rendered within sufficient time to complete the power line 
so that it can be commissioned and used for the pre-commissioning of the plant.

The bulk of the equipment imported from the Republic of South Africa, 
including the deamoniator and the sodium sulphate crystallizer, has already 
arrived in Brazil and will shortly be transported, within schedule, to the 
project site, with the civil work related to the erection of that equipment 
already nearing completion.

Tim Mann, Chief Operating Officer of Largo, stated: "Our team has done an 
exceptional job of monitoring our minute-to-minute progress and responding to 
and managing potential issues in order to keep us in line with our year-end 
target. I believe this is largely due to the fact that we have an extremely 
experienced team of engineers on the ground who have built and operated many 
projects over the years, who have analyzed potential unforeseen events and who 
have built contingencies into the construction timeframes." He continued, "I 
congratulate our team for overcoming the inevitable and unpredictable hurdles 
associated with these types of projects that we have encountered to date and 
for working aggressively to sustain the rapid pace of forward development 
which presently keeps us on track to commission in the Fourth Quarter of this 
year."

Appointment of Mr. Andrew Hancharyk to position of Chief Legal Officer for 
Largo Resources

Largo Resources is pleased to announce the appointment of Mr. Andrew 
Hancharyk to the position of Chief Legal Officer to the Company. Mr. 
Hancharyk is a lawyer with over 18 years of experience in business law across 
various industries, including resource companies. Mr. Hancharyk is a member 
of the Law Society of Upper Canada and has been an executive with, or counsel 
to, several large public and private companies, including First Quantum and 
Sherritt International. Mr. Hancharyk is also a former Policy Manager with 
the TSX Venture Exchange. Mr. Hancharyk holds an undergraduate degree in 
business and a Juris Doctorate, both from the University of Ottawa, as well as 
a Master's in Law from Osgoode Hall at York University. He is a member of 
the board of directors of Discovery Harbour Resources, a publicly company 
listed on the TSX Venture Exchange.

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 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: www.largoresources.com

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 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. Readers should also 
review the risks and uncertainties section of Largo's annual and interim MD&As.

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

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

Mark Brennan President & CEO

Continue to Follow, Like and Watch our progress!

Web:www.largoresouces.com Twitter: @LargoResources1 Facebook: Largo 
Resources Youtube: LargoResources

Image with caption: "View from Primary Crusher (CNW Group/Largo Resources 
Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27990.jpg

Image with caption: "Foundation for Primary Ball Mill with Baseplates Being 
Installed and Steel Supports for Magnetic Separation in the Background (CNW 
Group/Largo Resources Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27991.jpg

Image with caption: "Pedestal for Kiln with Scaffolding Being Removed (CNW 
Group/Largo Resources Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27993.jpg

Image with caption: "View of Completed Switchyward (CNW Group/Largo Resources 
Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27992.jpg

Image with caption: "Kiln Shells at Port in China and Being Loaded on Ship for 
Transport (CNW Group/Largo Resources Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27985.jpg

Image with caption: "Kiln Shells at Port in China and Being Loaded on Ship for 
Transport (CNW Group/Largo Resources Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27986.jpg

Image with caption: "Kiln Shells at Port in China and Being Loaded on Ship for 
Transport (CNW Group/Largo Resources Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27994.jpg

Image with caption: "Kiln Shells at Port in China and Being Loaded on Ship for 
Transport (CNW Group/Largo Resources Ltd.)". Image available at:  
http://photos.newswire.ca/images/download/20130613_C7871_PHOTO_EN_27988.jpg

SOURCE: Largo Resources Ltd.

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/June2013/13/c7871.html

CO: CNW Enriched News Releases
ST: Ontario
NI: MNG FIELD 2575 WNEWS 

-0- Jun/13/2013 13:30 GMT