Brisbane, Australia, Feb 5, 2015 - (ABN Newswire) - Orocobre Limited (ASX:ORE) (TSE:ORL) announces 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 17,500tpa by Q4 CY15
- First production of battery grade Lithium to supply to customers as final stage qualification and approval process
- Strong lithium market conditions - supply constraints and market growth rate leading to price increases
- Olaroz is a high margin/low cost and long life operation with significant expansion potential
- Large Boron operations, with over 40,000tpa production of boron chemicals & mineral concentrates
- Borax Argentina turn around in place - growth initiatives currently underway in borax products and minerals and profitability achieved in FY14
- Additional value/growth in Li, KCL and B in brines and minerals (Cauchari, Salinas Grandes, Borax Argentina)
- Long-term lithium, borates and potash markets look very strong
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-841213.pdf
About Orocobre Limited:
Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE) (TSE:ORL), and is building a substantial Argentinian-based industrial minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northern Argentina. The Company is building in partnership with Toyota Tsusho Corporation the first large-scale, "greenfield" brine based lithium project in 20 years at its flagship Salar de Olaroz resource, with projected production of 17,500 tonnes per annum of low-cost battery grade lithium carbonate scheduled to commence at the end of Q2, 2014. The Company also wholly-owns Borax Argentina, an important regional borate producer. Orocobre is included in the S&P/ASX 300 Index and was named 2012 Mining Company of the Year by Argentine mining magazine Panorama Minero and the Fundacion para el Desarrollo de la Mineria Argentina ("Fundamin" or Foundation for Development of Argentina Mining).
Contact:
David Hall
Business Development
Orocobre Limited
M: + 61 407 845 052
E: dhall@orocobre.com
James Calaway
Manager Chairman
Orocobre Limited
M: + 1 (713) 818 1457
E: jcalaway@orocobre.com
Source:
Orocobre Limited
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