[Ferro-Alloys.com]Largo Resources Ltd. ("Largo" or the "Company") announces effective April 4, 2016, the promotion of Mr. Paulo Misk to President of Brazilian operations of Vanadio de Maracás S.A. ("Maracás"), and Mr. Nilson Luciano Chaves to Vice President of finance and administration of Maracás. Mr. Misk will succeed Kurt Menchen as President of Brazilian operations. Mr. Menchen retired from his position as President of Brazilian operations effective December 31, 2015 but remains a director of Maracás and has entered into a contract for services to provide ongoing assistance to the company.

 

Mr. Mark Smith, President and Chief Executive Officer of Largo, remarked "Mr. Misk joined Largo in 2014 as the project's General Manager and has played a crucial role in the project's ramp-up phase. Having all operations report through Mr. Misk creates a centralized organizational structure which will further optimize production at the Maracás Menchen Mine. Both Mr. Misk and Mr. Chaves contribute a wealth of experience to the project and I have complete confidence they will continue the on-going success at the Maracás Menchen Mine".

 

The Company announces that its Chief Legal Officer, John Ashburn, has resigned effective March 31, 2016. In addition, the Company also announces that Largo's Chief Operating Officer, Michael Mutchler, has left the company to pursue other opportunities effective April 8, 2016.

 

Mr. Smith continued, "We at Largo are grateful to John and Michael and wish to thank them for their efforts and contributions to the Company".

 

About Largo

 

Largo (TSX-V: LGO) is a growing strategic mineral company focused on the production of vanadium pentoxide at its Vanadio de Maracás Menchen Mine. Largo also has interests in a portfolio of other projects, including: a 100% interest in the Currais Novos Tungsten Tailings Project in Brazil; a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project in Brazil; and a 100% interest in the Northern Dancer Tungsten-Molybdenum property in the Yukon Territory, Canada.

 

Vanadium is primarily used as an alloy to strengthen steel and reduce its weight. Vanadium enhanced steels are used in a vast and growing range of products that are used and encountered every day; including, rebar, automobiles, transport infrastructure etc. With consumption increasing at a compound annual growth rate of over 8% for the past several years (Roskill, 2015), vanadium is a bourgeoning commodity which lacks opportunities for investment in the wider market place. As trends in the steel industry now demand increasingly stronger and lighter products for advanced applications, the use of vanadium is expected to continue this growth over the medium and long term.

 

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

 

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