Orocobre Limited - Corporate presentation to Melbourne Mining Club
19.07.2016 | ABN Newswire
Brisbane - Orocobre Ltd. (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF) are pleased to provide a corporate presentation to the Melbourne Mining Club.INVESTMENT THESIS
PRODUCTION VOLUME GROWTH
On track to reach nameplate production run rate of 17.5KT p.a. lithium carbonate production at Olaroz by November 2016.
MARKET DEMAND
Tightening market, accelerating battery market growth and strong baseline demand from traditional markets.
STRONG PRICE GUIDANCE
Consistent quarter-on-quarter contract price growth (~US$7,500/tonne to >US$10,000/tonne Q2 to Q3).
OPERATIONAL IMPROVEMENT
Forecast operating costs of < US$2,500/tonne to be achieved through increased production rates, improved reagent consumption & optimised process controls.
EXPANSION
Large Resource. Scoping study to duplicate Stage 1 at Olaroz (an additional 17.5KT - 25KT) and leveraging knowledge, experience and supplier relationships to execute better, faster and cheaper (less CAPEX). Scoping study to be completed by the end of September, Feasibility Studies to commence in October.
To view the presentation, please visit:
http://abnnewswire.net/lnk/933KB6AT
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
David Hall, Business Development Manager
T: +61-7-3871-3985, M: +61-407-845-052
E: dhall@orocobre.com