Orocobre Limited: Olaroz February 2016 Production Above Target
04.03.2016 | ABN Newswire
Brisbane, - Orocobre Ltd. (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF) (Orocobre or the Company) wishes to advise on production for February at the Olaroz Lithium Facility.Production continued to rise in February with 761 tonnes of lithium carbonate produced, in excess of the internal target of 725 tonnes for the month. This is an improvement on the 699 tonnes produced in January and the 427 tonnes produced in December.
Production guidance for the quarter of approximately 2,400 tonnes remains unchanged.
Managing Director, Richard Seville commented; "We are pleased with the continued improvement and above target performance for February and we look forward to achieving our quarterly production target."
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-910776.pdf
About Orocobre Limited:
Orocobre Ltd. is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), 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 has built, in partnership with Toyota Tsusho Corporation and JEMSE, the first large-scale, greenfield brine based lithium project in 20 years at the Salar de Olaroz with planned production of 17,500 tonnes per annum of low-cost battery grade lithium carbonate.
Contact:
Orocobre Ltd.
Richard Seville, Managing Director
T: +61-7-3871-3985 M: +61-419-916-338
E: rseville@orocobre.com
James Calaway. Chairman
M: +1-713-818-1457
E: jcalaway@orocobre.com
David Hall, Business Development Manager
T: +61 7 3871 3985
M: +61 407 845 052
E: dhall@orocobre.com