Largo Appoints Tim Mann as Chief Operating Officer
TORONTO, ONTARIO -- (Marketwire) -- 02/03/11 -- Largo Resources Ltd. (TSX VENTURE: LGO), ('Largo' or the 'Company') is pleased to announce the appointment of Mr. Tim Mann as Chief Operating Officer.
Mr. Mann has served as Vice President of Engineering for Largo Resources since 2007 and has played an integral role in the project development of Largo's Maracas, Currais Novos, Campo Alegre and Northern Dancer properties that has included acquisition, project assessment, study work and construction roles.
Stated Mark Brennan, Largo's President & CEO, 'We are very pleased to confirm Mr. Mann's appointment as his considerable expertise will continue to be invaluable as Largo develops into an operating mining company.'
Mr. Mann is a Professional Engineer with in excess of 30 years of experience, including senior operational assignments with Placer Dome and Goldcorp, and extensive consulting experience with SNC-Lavalin prior to establishing his own consulting business in 2004.
Mr. Mann commented, 'I am delighted to be given the opportunity to steer the Maracas Vanadium Project and the Currais Novos Tungsten Project through project development and into production, as well as continue to develop the other projects in Largo's portfolio. It is a very exciting time for Largo and a great pleasure for me to work with such a competent and professional team.'
About Largo
Largo is a Canadian-based mineral resource exploration and development company focused on creating a world leading strategic metals company. The Company currently holds an 80% interest in the Maracas Vanadium Project, a 100% interest in the Currais Novos Tungsten Tailing Project, a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project, all in Brazil, and a 70% interest in the Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, Canada. The immediate goal of the Company is to develop the Maracas Vanadium Project by Q1 2013 and begin production of WO3 concentrate from the reprocessing of tungsten tailings from Currais Novos by June, 2011. Largo has a very skilled management team both in Canada and Brazil with the ability to advance these projects.
Largo is a publicly listed company on the TSX Venture Exchange under the symbol LGO. For more information please refer to Largo's website: www.largoresources.com
Mr. Tim Mann, an officer of the Company, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical disclosure in this press release.
Cautionary Note
This press release contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the anticipated impact of the appointment, the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; and success of exploration activities.Generally, 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', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointment are based on previous professional achievements and competencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks identified by the Comapny in its annual information form as filed under the Company's profile on SEDAR.Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such Information. Accordingly, readers should not place undue reliance on forward-looking information. Largo does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Largo Resources Ltd.
Darcie Ladd
Manager Business Development
(416) 861-5938
dladd@largoresources.com
Largo Resources Ltd.
Mark Brennan
President & CEO
(416) 861-5886
mark@largoresources.com