March 18 (Reuters) - Largo Resources Ltd LGO.TO :
* LARGO RESOURCES APPROVES THE CONSTRUCTION OF A NEW ILMENITE CONCENTRATION PLANT
* LARGO RESOURCES LTD - COMMERCIAL PRODUCTION FROM NEW PLANT IS EXPECTED EARLY IN 2023
* LARGO RESOURCES LTD - PLANT'S CAPACITY WILL BE ABOUT 150,000 TONNES OF ILMENITE CONCENTRATE PER ANNUM
* LARGO RESOURCES LTD - ADVANCED ENGINEERING AND CONSTRUCTION OF ILMENITE CONCENTRATION PLANT IS EXPECTED TO COST ABOUT US$25.2 MILLION
* LARGO RESOURCES LTD - FURTHER EVALUATING POTENTIAL TO PRODUCE TITANIUM DIOXIDE PIGMENT AS A POSSIBLE FOLLOW-ON PRODUCT