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www.largoresources.com
An Emerging Market Leader
for VANADIUM and TUNGSTEN Production
February, 2012
CORPORATE PRESENTATION
Forward Looking Statements
The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and
“forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company.
Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral
resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for
materials; capital expenditures; success of exploration and development activities; permitting time lines and permitting, mining or processing issues; government
regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements and forward-looking information 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,”, “projects” or variations of such words and phrases or state that certain actions, events or results “may,” “could,”
“would,” “might” or “will be taken,” “occur” or “be achieved.” Forward-looking statements and forward-looking information are based on the opinions and estimates of
management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or
forward-looking information, including, but not limited to, unexpected events during operations; variations in ore grade; risks inherent in the mining industry; delay or
failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations; actual results of exploration
activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange
rates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, 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 and forward-looking information. The Company does not undertake to update any
forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
Investors are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources
be reported separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources
The information presented uses the terms “measured,” “indicated” and “inferred” mineral resources. United States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineral
resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility
or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted
into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally
mineable.
2
Company Overview
Positioned to be a leading player in the primary production of vanadium
Highest grade, highest quality vanadium deposit in the world
Potential lowest cost producer of vanadium (US$14 kg vs industry avg. of US$23 kg
FeV)
Near-term producer; estimated $100+ million cash flow per annum
Significant expansion potential
Potential to be a leading non-Chinese producer of tungsten
Two potential low-cost operating mines
Largest undeveloped tungsten-moly deposit in the world
Near-term production; $12+ million cash flow per annum
Surging commodity price
3
Focused Portfolio of Strategic Mineral Assets
4
Company Overview
Target Production Date Estimated Approx. Cash Flow
August 2011: Currais Novos (Funded)
$12+ million per annum
2nd Quarter 2013: Maracas (Equity funded; debt confirmed)
$100+ million per annum
March 2017: Northern Dancer $200+ million per annum
$312+ million per annum
Estimated Production Profile
The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the
business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and
mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development
activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and
forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected
events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations;
actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates.
Capital Structure
5
Stock symbol: LGO – TSX-V
Share price (February, 2011): $0.28
Shares issued (Basic): 403 million
Management & Institutions: 75%
52-week High/Low: $0.51 / $0.22
Market cap (Basic): C$113 million
Options: 2 million
Warrants: 40 million
Debt: $4 million
Shareholders and Partners
6
Project Partners
Glencore International 100% Take-or-pay off-take agreement for Maracas vanadium project
Major Tungsten End User 100% off-take agreement for Currais Novos tungsten project
Institutional Shareholders
Mackenzie Investments-14%
Arias Resource Capital-10%
Eton Park Capital Management-10%
Ashmore Investment Management-10%
Mark Brennan, President & CEO
Founding member of Desert Sun Mining with over 20 years financing experience in North America and Europe. Founder and
Principal of Linear Capital, Brasoil Corporation, Castle Resources, James Bay Resources, Morumbi Oil & Gas and former President,
CEO and Chairman of Admiral Bay Resources.
Tim Mann, P.Eng., Chief Operating Officer
Mining Engineer with extensive international operations and management experience in mine engineering, development and
operations with SNC Lavalin, Placer Dome and Goldcorp.
Andy Campbell, M.Sc., P.Geo., Vice President Exploration
Over 33 years experience in mining and exploration, including LAC Minerals and Noranda.
Kurt Menchen, General Manager, Brazil
Former Jacobina Mine Manager, Brazil. Mining Engineer with over 30 years experience including Anglo Gold and Desert Sun
Mining.
Les Ford, Technical Director of Brazilian Operations
With over 40 years of experience in constructing, developing and producing vanadium projects, Mr. Ford is arguably one of the
world’s foremost experts in vanadium. Previously Assistant General Manager of Highveld Steel and a member of the Highveld
Executive Committee, and Managing Director of Rand Mines Vansa.
Rodrigo Costa, Operations Director
Most recently Metallurgy Manager with a major mining company in Brazil. His previous experience includes commissioning and
constructing mines as well as acting as General Manager with one of Brazil's largest private mining companies.
Kevin Brewer, P.Geo., General Manager – Northern Dancer Project
Geologist with over 20 years of mining and exploration experience, combined with extensive knowledge of regulatory and
environmental assessment processes.
John Laurie, C.G.A., Chief Financial Officer
Over 20 years of accounting and financial management experience.
Experienced Management Team
7
Mauro Silva Electrical Engineer
Mauricio Coletti Mining Engineer
Rodrigo Costa Director of Operations
Israel Nonato Senior Exploration Geologist
Kurt Menchen General Manager
Carlos Lorenzo Environmental Geologist
Les Ford Technical Director
Eldes Bittencourt Geologist
Management Breakdown
Main Office Location
Mike Henderson Geologist
Mark Brennan President & CEO
Tim Mann, P.Eng. Chief Operating Officer
Robert Campbell, P.Geo. VP Exploration
Kevin Brewer General Manager, Yukon
Brazil
Toronto
Yukon
8
Donald Clarke Mining Engineer
Douglas Herbst Mining Engineer
Ken Kuchling VP Engineering
John Laurie Chief Financial Officer
Stan Bharti, P.Eng., Chairman
Over 25 years experience in operations, public markets and finance. Has raised over $5 billion in the last decade. Former Founder
and Chairman of Desert Sun Mining.
Mark Brennan, President/CEO and Director
Founding member of Desert Sun Mining with over 20 years financing experience in North America and Europe. Founder and
Principal of Linear Capital, Brasoil Corporation, James Bay Resources, and Morumbi Oil & Gas and former President, CEO and
Chairman of Admiral Bay Resources.
Dirk Donath, Director
Senior Managing Director and Partner at Eton Park Capital Management, responsible for Eton Park’s private equity and direct
investment activities in emerging markets. Eton Park is a global, multi-disciplinary investment fund with a capital base of over
US$14 billion.
Dan Ioschpe, Director
Mr. Ioschpe is currently Chief Executive Officer of Lopche-Maxion, an international company operating in the automotive and railroad sectors..
Alberto Arias, Director
Founder and President of Arias Resource Capital Management. He worked for Goldman Sachs & Co and was ranked for five
consecutive years as the #1 Equity Research Analyst for the metals and mining industry in Latin America. Prior to Goldman Sachs,
he worked at UBS as Executive Director and Analyst covering the Latin American mining sector.
Mike Hoffman, P.Eng., Director
Professional mining engineer with over 25 years experience; former Vice President at Yamana Gold and Desert Sun Mining.
William Clarke, Director
Former Ambassador to Brazil and Sweden. Former Advisor to Desert Sun Mining.
Strong Board of Directors
9
Vanadium
Strategic metal with highest strength to weight ratio of any
engineering material
World production of approximately 60,000 tonnes growing at 4-
5% per year between 2012 and 2015*
China increasing usage in steel
New product offerings
Main commercial use: steel industry
Small amount of vanadium enhances the strength of steel alloys
and increases corrosion and abrasive resistance
*Roskill Information Services Ltd. 10
*Source: CRU, Vanadium Outlook
Steel Industry: 90% Vanadium End Use
Carbon steel 36%
High strength low alloys 22%
Stainless/tool 9%
Full alloy 20%
Ferro-vanadium (FeV) Used in High Performance Steels for:
Construction (building frames, bridges, etc.)
Ship construction
Structural applications
Airplanes
Automobiles and parts
Railways & railcars
Tools
Vanadium Uses: Steel Drives Demand
11
Vanadium Redox Storage Batteries
Vanadium Uses: Growth in Green Technologies
Vanadium has shown to increase the
effectiveness of energy storage in traditional
batteries
Mass amounts of energy can be stored
longer and batteries can be re-charged faster
Low-cost, low-volatility, high-performance
batteries
Vanadiu
m A
dvanta
ges
Sto
rage A
pplic
ations
Wind turbines
Solar panels
Backup electrical systems
Hybrid/electric cars
Source: USGS, Byron Capital Markets
Vanadium redox storage batteries are the potential solution to green energy’s storage issues.
12
Voltage with Different Cathodes (v)
4.8
4.1 4.0 3.7 3.6
3.3
Li3V2(PO4)3 LiVPO4F LiMn2O4 LiCoO2 Li2FePO4F LiFePO4
Photo Courtesy of Tesla Motors
Vanadium Uses: Growth in Green Technologies
Vanadium phosphate cathode material can
support 20% more energy storage than
cobalt oxide, 26% more than iron phosphate
and 56% more than manganese oxide,
solving the issue of quick discharge in
electric cars
Highest voltages measured, generating a
more powerful battery
Vana
diu
m
Advanta
ge
s
Lithium Vanadium Electric Car
The potential demand for electric cars can substantially increase the demand for lithium-ion batteries with cathodes compounded by vanadium.
Source: USGS, Byron Capital Markets 13
Tungsten Uses: Supply Constraints Drive Pricing
Strategic metal with highest melting point of all metals
Main commercial use: steel industry
Heavy equipment and machinery automotive, drilling, electronics,
construction materials & pipelines
Market dominated by China China produces 90% of
global supply
Tight export restrictions
Chinese supply dwindling
Surging commodity price
14 Source: Roskill: Tungsten Market Outlook
*
Near-Term Cash Flow
Vanadium [V]
Maracas: Highest grade/quality vanadium deposit
90% ownership
Production Q1 2013: 5,000 TPA V2O5 (cost <$13)
Approximate cash flow: $100+ million per annum
Tungsten [W]
Currais Novos: Near-term, low-cost production
100% ownership
1.5 million pounds per annum to start July 2011 (cost <$59 MTU)
Approximate cash flow: $1 million per month ($400 MTU APT)
Two Advanced-Stage Projects with Potential to Expand
15
Maracás Vanadium Project
16
Maracás Resource Estimate
Mineral Reserve: 13.1 million tonnes grading
1.34% vanadium pentoxide (V2O5)
Includes 8.7 million tonnes grading 1.94%
vanadium pentoxide (V2O5)
Mineral Resource: 23.2 million tonnes grading
1.27% vanadium pentoxide (V2O5) (M&I)
Near-Term Production – Q1 2013
5,000 tonnes Fe-V annual production
Lowest cost producer (less than $13 kg Fe-V)
23-year production plan
1.94% V2O5 mill feed during first eight years
Open pit: low strip ratio of 2.23:1
Mill throughput 1,600 tpd
Proven mining technology and processes
Six-year off-take with Glencore (take or pay)
Good local infrastructure
208,000 ounces 0.75g/t platinum/palladium
Maracas: Concentrate Quality
Deposit Characteristics
Vanadium is contained in magnetite with a
higher iron content than others
Better recoveries, less power required, less
chemicals
concentrate with much higher V2O5, higher
Fe, and lower SiO2 (contaminant) than any
other deposit
LOWEST COST PRODUCTION
*Average grade comparisons compiled by Les Ford, presentation March 8, 2011 17
Highest Grade/Quality Vanadium Deposit in the World
=
=
=
Largo – Comparative Landscape
Ore Quality* Concentrate Quality*
* Average grade comparisons compiled by Les Ford, presentation March 8, 2011 18
Ore V2O5% Concentrate
SiO2%
Concentrate
V2O5%
Concentrate
V2O5%
SiO2% in
Concentrate
V2O5:SiO2
Ratio
Gulcari “A” Deposit Detail
Maracás concessions
and strike length
Maracás Resource and Property Maps
19
8km
Gulcari “A” Potential to Expand
Location of Gulcari “A” and proposed open pit
(400 m x 150 m)
NI 43-101 Resource
was defined solely
on Gulcari “A” deposit
11,000 Meter Drill Program
Commenced in Q2 2011
Target to double existing
mineral resource
Extend Glucari “A” deposit
along strikeand at depth
Multiple high priority targets
identified along strike
20
(5,000 Tonne Per Annum Scenario)
Maracás: Current Operating Parameters
* Does not include sale of 220,000 tonnes of natural bi-product (requires no additional cost) of
low grade iron tailings material
Current ferrovanadium price US$28.00 per kg (FeV)
Average cash operating costs US$12.89 per kg (FeV)
Average pre-tax cash flow US$75.6 million per year*
Initial Capex US$435 million
Payback 3.1 years
21
The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the
business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and
mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development
activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and
forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected
events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations;
actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates.
Pro
jecti
on
pro
jectio
n
Maracas Cash Flow Projections
Maracas: Catalysts for Growth
Year 1 = Current production parameters
Year 2 = Sale of tailings material (pig-iron)
Years 4+ = 50% increase in production capacity
22
The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the
business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and
mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development
activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and
forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected
events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations;
actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates.
* Projections assumes FeV pricing of $32.00 per Kg
Maracás Milestones to Production
2012 Milestones to Cash-Flow
Project equity financing – Complete – Announced April 11, 2011
Basic engineering – Complete
Installation License – Complete – Received November 2011
Project debt financing – Confirmed – Funds Anticipated by April 2012
Equipment purchase – Underway & Ongoing
Construction – To Commence Q2, 2012
Production – To Commence 2013
23
Currais Novos: Summary Highlights
24
Short-Term Target of 1.5 Million Pounds
of WO3 per Year
Commercial Production Announced
December 2011
$12+ million per annum cash flow
Reprocessing and recovery of tungsten
from two tailing piles
To produce1.5 million pounds per year:
65,000 MTUs
Low cost producer (less than $60
per MTU)
4.3 million tonne NI 43-101 Resource
Off-take agreement for 100% of
production for four years
Currais Novos: Potential to Expand
Historical production district
Significant production from 1940s to 1970s
Numerous potential acquisitions in
immediate vicinity – both underground and
tailings
Provides significant expansion potential
Exploration underway with goal of defining
additional resources
25
Exploration has Commenced at Four Additional & Highly Prospective Properties
Currais Novos Cash Flow Projections
pro
jectio
n Currais Novos: Catalysts for Growth
Year 2 = Current production parameters
Year 4+ = following 3 year exploration ramp-up on
recently acquired additional underground properties
* Projections assumes exploration success on aditional properties ramp up 26
* Projections assumes FeV pricing of $32.00 per Kg
The information presented contains “forward-looking statements,” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation, concerning the
business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the estimation of mineral reserves and
mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; metal prices and demand for materials; capital expenditures; success of exploration and development
activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; and title disputes or claims. Generally, forward-looking statements Forward-looking statements and
forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and they 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 Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, unexpected
events during operations; variations in ore grade; risks inherent in the mining industry; delay or failure to receive board approvals; timing and availability of external financing on acceptable terms; risks relating to international operations;
actual results of exploration activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; and fluctuating metal prices and currency exchange rates.
Long-Term Growth
Tungsten [W]
Northern Dancer: Largest undeveloped Tungsten deposit
100% owned
2011 PEA: 27.8% IRR & $1.8 billion NPV @ 8% ($365 MTU APT)
Vanadium/Titanium Dioxide [V]
Campo Alegre: Titanium, iron, vanadium deposit/high grade
100% owned
133 million tonnes (Non NI 43-101 compliant) @ 0.75% V2O5, 50% Fe
Potential 1.5 billion tonnes
Two Early-Stage Projects with Tremendous Potential to Add Value
27
28
Northern Dancer Project
Northern Dancer Resource Estimate
223.4 MT grading 0.102% WO3 and
0.029% Mo (M&I)
Higher-grade tungsten and molybdenum
zone: 60.3 MT of 0.14% WO3 and 0.045%
Mo (M&I)
201.2 MT grading 0.09% WO3 and
0.024% Mo (I)
Development Milestones
PEA complete
Pre-feasibility complete Q2 2012
Feasibility study to commence Q1 2012
Environmental permitting under way
Discussions with off-take partners and
JV partner
Northern Dancer: PEA Highlights
Highlights
Positive NPV of US$918 million at $275 MTU APT and an 8% discount rate
Current trading price of US$465 MTU
Low cash cost producer: US$116 per MTU
Cumulative cash flow US$4.8 billion
Average annual production of 833,000 MTU tungsten (18.3 million pounds)
Average annual production of 5,959,000 pounds molybdenum over initial 23 years
Pre-production capital costs: $645 million
Tungsten
(US$ per MTU)
Molybdenum
(US$ per lb) IRR (%)
NPV @ 8%
(US$ millions)
$275 $17.50 20.0 918
$300 $17.50 22.2 1,110
$325 $17.50 24.4 1,302
$350 $17.50 26.5 1,494
$365* $17.50 27.8 1,769
* The PEA is preliminary in nature, and includes inferred resources that are too speculative geologically to have economic considerations applied to them.
There is no certainty that the PEA will be realized. 29
30
Northern Dancer: Highlights
IRR and NPV’s at Higher Tungsten Price Points*
* Derived from PEA sensitivity analysis
Tungsten
(US$ per MTU)
Molybdenum
(US$ per lb) IRR (%)
NPV @ 8%
(US$ millions)
$400 $17.50 31.0 2,074
$450 $17.50 35.0 2,500
* ** Roskill: Tungsten Market Outlook, 2012
**
31
Campo Alegre Project
Non NI 43-101 Compliant Resource:
133 Million Tonnes Grading 50% Fe,
21% TiO2, 0.75% V2O5*
100% owned iron, titanium, and vanadium
deposit
650 kilometres northwest of Salvador
Excellent access and infrastructure
Seven concessions covering 9,274.66 hectares
24 kilometres by 5.5 kilometres
Location Highlights
Located in mining-friendly and politically stable
Brazil
Two railway lines in development within
140 kilometres with direct access to major
ports
Several major iron-ore projects in vicinity * Historical resource provided by CBPM (Bahia State Mining Development Agency)
14 km x 2.5 km trend
Multiple mag-targets
Historical drill program
only tested to 60 m
Potential expansion at
depth
Mag-survey indicates
fold structure
Campo Alegre: Potential to Expand
32
Summary of Portfolio
33
Vanadium [V]
Maracas: Highest grade/quality vanadium deposit
Production Q2 2013: 5,000 TPA V2O5 (cost <$13)
Approximate cash flow: $100+ million per annum
Campo Alegre: Titanium, iron, vanadium deposit/high grade
133 million tonnes (non NI 43-101 compliant) @ 0.75% V2O5, 50% Fe
Potential 1.5 billion tonnes
Tungsten [W]
Currais Novos: Near-term, low-cost production
1.5 million pounds per annum commenced December 2011 (cost <$59
MTU)
Approximate cash flow: $1 million per month ($400 MTU APT)
Northern Dancer: Largest undeveloped tungsten deposit
423 MT Resource (M, I&I)
2011 PEA: 27.8% IRR & $1.8 billion NPV @ 8% ($365 MTU APT)
34
Near-Term Objectives & Recent Milestones
Maracas
Received Installation License (LI): October 2011
Secured US$150 debt facility: November 2011
Completed FEED study: December 2011
Complete exploration drill program: December 2011
Double existing resource: January 2012
Purchase outstanding 10% interest: Q1 2012
Currais Novos
Commercial Production commenced: December 2011
Additional acquisitions: October 2011
Start underground exploration program: 2012
Campo Alegre
Permits pending for exploration program: December 2011
Start exploration drill program: January 2012
Expand Inferred resource to 1.5 billion tonnes:
Northern Dancer
Complete pre-feasibility: Q2 2012
Complete feasibility: December 2012
www.largoresources.com
Twitter: @LargoResources1
Facebook: Largo Resources
YouTube: Largo Resources
35
Darcie Ladd Business Development Manager
416-861-9406
Mark Brennan President and CEO
Investor Connect