Orocobre Limited Stock Market Press Releases and Company Profile
Senior Executive Appointment - General Manager of Operations
Senior Executive Appointment - General Manager of Operations

Brisbane, June 27, 2016 AEST (ABN Newswire) - Orocobre Limited (googlechartASX:ORE) (googlechartTSE:ORL) (Orocobre or the Company) is delighted to welcome Mr Alex Losada to the role of General Manager of Operations. Alex will be responsible for overseeing the operations of both the Olaroz Lithium Facility and Borax Argentina SA.

As well as providing guidance and support to the General Managers of the Olaroz Lithium Facility and Borax Argentina SA, Alex will be responsible for driving the initiation and completion of the expansion studies for both the Olaroz Lithium Facility Stage 2 expansion (17,500 tpa lithium carbonate equivalent (LCE)) and the Borax Tincalayu refined borates production expansion from the current level of 30,000 tpa to 100-120,000 tpa of borax decahydrate equivalent.

Alex was born and educated in Argentina and has more than 25 years' experience in senior management roles in Australia and overseas as a Non-Executive Chairman, Non-Executive Director, Managing Director, Vice President of Exploration, Country Manager, Project Manager and Business/Market Development Manager and has past experience as a consultant for mining and technology companies, government agencies and universities.

Alex has extensive experience in leading feasibility and engineering studies, evaluating and implementing new technologies and dealing with diverse groups of stakeholders.

Alex holds a Bachelor Degree (Honours) in Geological Sciences from Universidad Nacional del Sur (Argentina) and a PhD in Economic Geology and Geochemistry from Monash University (Australia) is a competent person as defined under JORC and NI43-101 and is a member of the Australian Institute of Mining and Metallurgy.

Orocobre officially welcomes Alex to the team and looks forward to his contribution to the continued growth of the Company.


About Orocobre Limited

Orocobre Limited (ASX:ORE)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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Contact

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



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