Largo Provides Operational Update

Symbol: LGO (TSX.V) 

    --  Civil Contractor Demobilising
    --  Significant Progress on Mechanical and Electrical Construction
    --  Crushing System in Pre-Commissioning

TORONTO, Oct. 3, 2013 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") 
is pleased to provide the following operational update for its Maracás 
Vanadium Project in Bahia, Brazil (the "Project").

The civil construction contractor at the Project has already begun the 
demobilization process, which represents the achievement of an important 
construction milestone. Electrical-mechanical erection at the Project, which 
includes the installation of equipment and structures, continues on track for 
expected commissioning in the first quarter of 2014 (see pictures 1-6).

A summary of recent developments is listed below.

Highlights of Ongoing Development:
    --  Mine
        Pre-stripping of the Gulçari "A" open pit is proceeding as
        planned with the first bench at the 300 level and the main pit
        access ramp well underway.
    --  Utilities
        The electrical power line is expected to be commissioned by
        mid-October which would be in time for the planned
        commissioning of the crushing plant in late October.
        The water treatment plant is nearing completion and is
        presently undergoing final instrumentation checks prior to
        commissioning. The steam boiler and its stack have been
        installed while associated pipe work and auxiliary equipment
        installation continues.
    --  Crushing System
        Pre-commissioning of the crushing plant is currently underway.
        Full commissioning of the crushing system is expected to
        commence before the end of October.
    --  Beneficiation plant
        Construction and erection of the steel structure and conveyors
        for the beneficiation plant are almost complete.  Both belt
        filters have been installed together with their respective
        vacuum pumps. Civil work on this system is complete and the
        piping and electrical installation is proceeding. The
        non-magnetic tailings pond is complete and ready for use.
        Commissioning of the beneficiation plant and the production of
        5,000 tonnes of concentrate is expected to commence in
    --  Kiln
        The steel structure for the kiln feed, kiln discharge platforms
        as well as the electrostatic precipitator are in progress and
        at present remain on track.  All light and heavy shells are on
        site and initial assembly of the kiln and cooler shells has
        commenced. The base plates are in position on the piers.  The
        work required for the installation of the refractory material
        placement anchors is progressing well.
    --  Leaching Area
        In the leaching area of the Project, the lubrication system for
        the regrind mill has been commissioned with the mill now
        resting on its bearings. Civil work in this area is also
        complete. The agitator for the leaching tank has been
        installed.  The calcine tailings conveyor for the iron ore
        bi-product is physically complete and ready for electrical
        connection and testing.
    --  Desilication
        All the tanks required for the desilication process and
        previously completed are now fitted with agitators. Civil work
        in this area is complete and the press filter has been
    --  Evaporator (Salt Recovery Plant)
        The steel structure for the evaporator is almost complete,
        which has allowed installation of the crystallizer, heat
        exchanger, pumps for the tanks and some ducting.
    --  AMV Precipitation
        Civil work required for all tanks associated with AMV
        precipitation is now complete with the solution cooler and belt
        filter having been installed. Required pipe work is proceeding.
    --  Flash Dryer, Deammoniator and Fusion Furnace
        The flash dryer combustion chamber and de-agglomerater are
        installed and erection of the dryer structure has commenced.
        The deammoniator and the fusion furnace have been installed.
        The vanadium pentoxide flaking wheel and vanadium pentoxide
        flake silo have also been moved into place.
        The product handling and storage area structure and the
        container loading facility continue to progress.
    --  General
        All but minor civil work remains to be completed by the civil
        The non-magnetic tailings and iron ore by-product dams are now

About Largo

Largo is a Canadian-based mineral resource exploration and development company 
focused on creating a world leading strategic metals company. The immediate 
goal of the Company is to develop the Maracás Vanadium Project by Q1, 2014 
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 
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.

Largo is listed on the TSX Venture Exchange under the symbol "LGO".

Mr. Tim Mann P.Eng., a Qualified Person as defined by the National Instrument 
43-101, has reviewed and approved the contents of this press release.

For more information please refer to Largo's website:


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 Maracás 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 sections of Largo's annual and interim 

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SOURCE  Largo Resources Ltd. 
Darcie Ladd Manager Business Development 416-861-9406 
Mark Brennan President & CEO 
Image with caption: "Photo 1: Pre-stripping Work at the Gulcari "A" - 300 
Level Bench (CNW Group/Largo Resources Ltd.)". Image available at: 
Image with caption: "Photo 2: Completed Crushing System - Pre-Commissioning 
Underway (CNW Group/Largo Resources Ltd.)". Image available at: 
Image with caption: "Photo 3: Beneficiation Building with Equipment Installed 
(CNW Group/Largo Resources Ltd.)". Image available at: 
Image with caption: "Photo 4: Kiln Area with Kiln Installation in Progress 
(CNW Group/Largo Resources Ltd.)". Image available at: 
Image with caption: "Photo 5: Final Product Area and Main Plant with Majority 
of Equipment Installed (CNW Group/Largo Resources Ltd.)". Image available at: 
Image with caption: "Photo 6: Panoramic of Project Site as at September 16, 
2013 (CNW Group/Largo Resources Ltd.)". Image available at: 
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