Largo starts copper studies at Maracás Menchen and extends US$6 million loan

Largo has initiated geological studies to assess the continuity of copper mineralization at the Maracás Menchen Complex, and says prior flotation tests (originally run for platinum group metals) suggested potential copper recovery as a byproduct; the company also extended a US$6 million secured loan.

Largo Inc. has initiated geological studies to assess the continuity of copper mineralization at its Maracás Menchen Complex. The decision follows prior drilling and sampling and preliminary flotation recovery test results. Those internal flotation tests were originally carried out to evaluate recovery of platinum group metals and showed results suggesting potential copper recovery as a byproduct during processing of vanadium and titanium. The company also announced an extension of a US$6 million secured loan. Key points: - Largo has begun geological studies at the Maracás Menchen Complex to evaluate copper mineralization continuity. - The studies rely on earlier drilling and sampling and on preliminary flotation recovery tests. - Internal tests, undertaken to assess platinum group metal recovery, suggested potential for copper recovery as a byproduct during vanadium and titanium processing. - The company extended a US$6 million secured loan. Summary: Timing and details of the geological work and any additional testing are undetermined at this time.