Company Presentation - Australia
Brisbane, April 9, 2014 AEST (ABN Newswire) - Orocobre Limited (
ASX:ORE) (TSE:ORL) provide the latest Company Presentation regarding the Flagship Olaroz lithium project under construction in Argentina.
A summary of the presentation is below and includes: Fully funded to commercial production - stage 1 lithium carbonate post ramp up production of 17,500t pa to commence in Q3, 2014
- Construction is nearing completion and is projected to be on budget
- Low operating cost & high margin project: Forecast annual EBITDA of ~US$70m for stage 1 post ramp up production rate
- Large world-class JORC/NI 43-101 resource (6.4mt LCE, 19.3mt KCL, 1.85mt B) enables significant expansion potential
- Sustainable long life project. Feasibility Study considered 40 yrs with only 15% resources extracted
- Battery grade lithium carbonate has been produced at the Olaroz pilot plant for approximately 3.5 years
- Key partnerships with Toyota Tsusho Corporation and Jujuy provincial government mining company
Borax Argentina operations
- Acquired from Rio Tinto in August 2012: Over 40,000t of production of boron chemicals & mineral concentrates
- Large asset base of 3 mines, 2 concentrate plants and a refinery operation with significant upside from existing assets
- Boron used in fertiliser as a micronutrient, glass, ceramic frits, glazes and tile bodies, wood treatments, polymer additives, detergents, soaps and personal care products (buffering, source of active oxygen)
- Long-established Borax workforce in Jujuy and Salta Provinces provides valuable support in developing key lithium-potash assets
- Owner of mining properties of a number of lithium exploration projects with a royalty stream (Cauchari, Diablillos and Sal de Vida)
Portfolio of Argentinian regional projects with attractive potential
- Proximity of Cauchari & Salinas Grandes brines to Olaroz provides expansion potential & execution flexibility
Long-term lithium, borates and potash markets look very strong
- Annual lithium market demand growth of approximately 10% forecast
- Continued growth in electric transport and lithium battery use has the potential for large demand growth
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-792134.pdf
About Orocobre Limited
Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (
ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), and is building a substantial Argentine based industrial chemicals company through its portfolio of lithium, potash and boron assets. In partnership with Toyota Tsusho Corporation (TTC) and JEMSE, Orocobre has built and is now operating the world's first commercial, brine-based lithium operation constructed in approximately 20 years.
In 2018 Orocobre announced the Stage 2 Expansion of its flagship Olaroz Lithium Facility in Argentina. The Stage 2 Expansion will add 25,000 tpa of lithium carbonate production capacity, taking full production and capacity to 42,500 tpa of lithium carbonate for sale to industrial, technical and battery markets, positioning Orocobre as one of the world's largest and lowest cost lithium chemicals producers.
Additionally, Orocobre and Toyota Tsusho Corporation have commenced construction of the 10,000 tpa lithium hydroxide plant in Naraha, Japan. The construction of the Naraha Lithium Hydroxide Plant will further cement Orocobre's position as a global lithium chemicals producer operating at the bottom quartile of the lithium cost curve. This new hydroxide plant will be the first of its kind in Japan and will provide Orocobre product diversification suitable for different battery technologies and the potential for significant margin growth on our primary lithium carbonate being converted to battery grade lithium hydroxide.
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