Largo Resources Ltd. (TSXV:LGO) reported that construction on its Maracás Vanadium Project in Brazil remains on budget and on schedule. Currently, commissioning is planned to commence at the end of the fourth quater, 2013.

Largo Resources also appointed Andrew Hancharyk as Chief Legal Officer. Mr. Hancharyk is a lawyer with over 18 years of experience in business law across various industries, including resource companies.

As quoted in the press release:

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.

Largo Resources Ltd. Chief Operating Officer, Tim Mann, said:

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.

Click here to read the Largo Resources Ltd. (TSXV:LGO) press release
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