• Largo Resources has reported a net income of $ 45.8mn ($ 0.09 per share ) in Q1

• Revenues of $ 91mn in Q1 2018 , a 210 % increase over Q1 2017

• Total production of 2,214 tonnes of V2O5 in Q1 2018 , a 7 % increase over Q1 2017

• Average V2O5 price of ~ US $ 13.60 / lb V2O5 in Q1 2018

• Cash balance at March 31 , 2018 of $ 50.2mn and restricted cash of $ 4.4 million

FACTS AND FIGURES

• Largo Resources has reported a net income of $ 45.8mn ($ 0.09 per share ) in Q1

• Revenues of $ 91mn in Q1 2018 , a 210 % increase over Q1 2017

• Total production of 2,214 tonnes of V2O5 in Q1 2018 , a 7 % increase over Q1 2017

• Average V2O5 price of ~ US $ 13.60 / lb V2O5 in Q1 2018

• Cash balance at March 31 , 2018 of $ 50.2mn and restricted cash of $ 4.4 million