Toronto, Ontario-(market wire)-06/09/11-Largo resources Ltd. (TSX Venture: LGO) ("Largo" or "company") is pleased to announce that, further to its press release dated 2 June 2011, filed his application for a license installation ("me" or "construction license") for the project vanadium maracas Bahia, Brazil. Installation license is the final stage of allow for construction and development of mining projects in Brazil, after approval by the environmental authority of the State of Bahia, Brazil (do Meio Ambiente Institute), the license will provide Largo final approval to move forward with construction of the facility processed bmrka.
Mark Brennan, President, CEO, Largo stated: "following the successful completion of financing 115 million recent capital, this is a significant step towards the further development and production in Project vanadium maracas. We rigorously in recent months to ensure that the application and all necessary support was submitted immediately after receipt of the final land rights acquisition pending, as was announced in the press release on the second, in June 2011. We expect to receive approval to our application until September, 2011, in advance of our agenda in the development and construction of the project site. "
About Largo
Largo is a Canadian-based mineral resource exploration and development company focused on creating a world leading company strategic metals. The company currently holds a 90% interest in the project vanadium maracas, a 100% interest in the project automatically Currais tungsten Tailing, a 100% interest in Campo Alegre de Lourdes iron-vanadium project, all Brazil and 70% in Northern Dancer tungsten-molybdenum located in Yukon, Canada. The immediate goal of the company is to develop a project vanadium maracas by 2013 in the first quarter to start production of WO3 concentrate of ??????? tungsten tailings from Currais automatically by July, 2011. Largo has very skilled management team are Canada and Brazil with the ability to promote those projects.
Largo listed on TSX Venture Exchange under the symbol "LGO".
For more information please see the Web site of the Largo: www.largoresources.com
Disclaimer
This press release contains information for the future under Canadian securities legislation. The future of information including, but not limited to, statements regarding the license acquisition and installation of the company for the project, the expected impact of maracas and the project company's performance. In General, you can identify future declarations regarding future use of the terms such as "plans", "expects" or "expects", "unexpected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "anticipate", or "believe" or variations of words, phrases or statements, actions, events or results "may" certain, "was", "was", "may" or "will", "Awakening" or "available". Future statements regarding management's estimates are based on the date such declarations are opinions. Future statements about the subject to known and unknown risks, uncertainties and other factors that could cause actual results, level of activity, performance or achievements to be materially different from those in the Largo, or implied by such statements regarding the future, including but not limited to those described in the annual information of Largo public documents filed on SEDAR and periodically. Although managing Largo attempted to identify important factors that could cause actual results to vary materially from those contained in the statements about the future, there may be other factors that may cause unintended consequences be of, estimated or intended. There is no guarantee that would prove the statement be precise, the actual results, events, futures was expected such statements than substantial. Accordingly, readers should be placed more reliance on statements about the future. Largo does not undertake to update any statements regarding future except in compliance with applicable securities.
No EXCHANGE TSX Venture (rather than regulatory services provider) accepts responsibility for adjustment or accuracy of this release
Contacts: Largo resources Ltd., Darcie LaddManager business Development416-861-5938dladd@largoresources.comwww.largoresources.comSource: Largo resources Ltd.
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