Largo announces results of Life-of-Mine Study for its Maracás Menchen Mine and resulting significant increase in NPV

Largo Resources (“Largo” or the “Company”) (TSX: LGO) (OTCQB: LGORF) is pleased to announce the results of an independent National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Technical Report (the “Technical Report”), containing a Life of Mine Plan (“LOMP”) for its Maracás Menchen vanadium mine in Bahia, Brazil (the “Maracás Menchen Mine”), a Feasibility Study (the “FS”) for Campbell Pit at the Maracás Menchen Mine and, a Preliminary Economic Assessment (the “PEA”) for Gulçari A Norte, Gulçari B, Novo Amparo, Novo Amparo Norte, Campbell in pit resources and São José satellite deposits at the Maracás Menchen Mine (the “Satellite Deposits”).
Overview of the Technical Report:

Largo has completed construction, development and ramping up to name plate capacity (9,600 tonnes V₂O₅/year) at its Maracás Menchen Mine.
The Technical Report was prepared by GE21 and was designed to allow the Company to more fully optimize operations in order to maximize the Maracás Menchen Mine’s NPV and is based on the production of V₂O₅ from the Maracás Menchen Mine’s mineral resources as well as from its established mineral reserves.

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