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BRIEF-Largo Resources To Continue To Prioritize Optimization Of Production At Maracás Menchen Mine

Published 2019-06-27, 08:34 a/m
BRIEF-Largo Resources To Continue To Prioritize Optimization Of Production At Maracás Menchen Mine
LGO
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June 27 (Reuters) - Largo Resources Ltd LGO.TO :

* LARGO RESOURCES ANNOUNCES CORPORATE UPDATE ON CAPITAL RETURN PLANS AND VANADIUM SALES AND TRADING BUSINESS

* LARGO RESOURCES LTD - DECIDED TO CONTINUE TO PRIORITIZE OPTIMIZATION OF PRODUCTION AT MARACÁS MENCHEN MINE

* LARGO RESOURCES LTD - ADOPTED STRATEGY OF NOT RETURNING CAPITAL TO SHAREHOLDERS AT THIS TIME.

* LARGO RESOURCES LTD - ANTICIPATED INCREASE IN TRADE PAYABLES AT END OF Q2 2019 VERSUS END OF Q1 2019 WILL BE IN RANGE OF US$30 TO $45 MILLION

* LARGO RESOURCES - ANTICIPATED WORKING CAPITAL REQUIREMENTS FOR VANADIUM SALES AND TRADING BUSINESS IS EXPECTED TO BE IN RANGE OF US$30 TO US$40 MILLION

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