Largo Inc (LGO)

[Slashnuts]

Largo Reports 2017 Highlights...

March 23, 2018

Revenues for Q4 2017 exceeded direct mine and mill costs by $29,516; achieved with a Q4 average price of vanadium pentoxide of US$8.13. The posted price range of vanadium pentoxide effective as of March 23, 2018 is US$15.00 to $16.00/lb (Source: Metal Bulletin).

2018 production guidance is 8,950 to 9,950 tonnes (approximately 19.7 to 21.9 million pounds) of vanadium pentoxide, to be produced at an estimated annual average cash operating cost per pound of US$4.15.

Cash generated from operating activities for Q4 2017 was $38,530.

December 31, 2017 cash and restricted cash of $54,725 and $4,187 respectively.

Recoveries continued to improve over 2017, with the global recovery rate over the year (from ore to flake) averaging 75.5%. For Q4 2017, the global recovery rate was 79% which is a significant improvement from the 72% achieved in Q1 2017.

The Company achieved a new monthly production record of 903 tonnes of V2O5 in December 2017, and a new quarterly production record of 2,539 tonnes of V2O5 for Q4 2017.

The Company's vanadium pentoxide has been qualified for use by all major producers of master alloys for the aerospace industry outside of China.

Mark Smith, President and Chief Executive Officer for Largo, stated: "Our financial performance continues to improve, as is evidenced by our strong Q4 2017 results. We anticipate that these results will continue to improve alongside the strengthening vanadium price. We are delighted with the Company's recent results. We continue to highlight our strong production record, stable cash operating costs and the positive outlook for vanadium prices, as we continue to deliver improved financial performance."

www.largoresources.com/English/investors/news/news-release-details/2018/Largo-Reports-Highlights-of-its-Fiscal-2017-Financial-and-Operating-Results/default.aspx

Good Luck To All!$!$