Orocobre Limited Shareholder Update on Pump Replacement
16.06.2014 | ABN Newswire
Brisbane, Australia (ABN Newswire) - Orocobre Ltd. (ASX:ORE) (TSE:ORL) ("Orocobre" or "the Company") wishes to issue an update in response to recent shareholder enquiries regarding the replacement of pumps at the TK-200 transfer ponds to increase brine supply from the southern bore field as detailed in Construction Update on the Olaroz Lithium Project (09 April 2014). At the time of the announcement, brine supply from the southern bore field was limited by undersized transfer pumps at the TK-200 transfer ponds and correctly sized pumps were expected to be installed by May to achieve peak filling rates. The Company advises that the installation was completed as scheduled and the pumps are operating at expected rates.
The Company will be issuing a comprehensive construction update announcement on the progress of the flagship Olaroz Lithium Project within the next two weeks.
To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-801844.pdf
About Orocobre Limited:
Orocobre Ltd. is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE, TSX: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:
Orocobre Ltd.
Australia and Asia
David Hall, Business Development Manager
Tel: +61-7-3871-3985
Mobile: +61-407-845-052
E-mail: dhall@orocobre.com
North America
James Calaway, Chairman
Tel: +1-713-818-1457
E-mail: jcalaway@orocobre.com