Mr. David Hall reports

OROCOBRE LIMITED COMPANY PRESENTATION

Orocobre Ltd. has made available the latest company presentation with the following conclusions:

• Flagship Olaroz lithium project has achieved first production.
• Final circuits of the lithium carbonate plant commissioned and now ramping up to Stage 1 production of 17,500 tonnes per annum by fourth quarter calendar year 2015.
• Lithium market conditions are strong.
• Supply constraints and market growth rate are leading to price increases.
• Olaroz is a high-margin, low-cost and long-life operation with significant expansion potential.
• Its large boron operations have over 40,000-tonne-per-annum production of boron chemicals and mineral concentrates.
• Borax Argentina's turnaround is in place.
• Growth initiatives are currently under way in borax products and minerals, and profitability is achieved in fiscal 2014.
• Additional value/growth is found in lithium, potassium chloride and boron in brines and minerals (Cauchari, Salinas Grandes and Borax Argentina).
• Long-term lithium, borates and potash markets look very strong.