Orocobre Limited Stock Market Press Releases and Company Profile
Full Year Results Presentation
Full Year Results Presentation

Brisbane, Sep 19, 2016 AEST (ABN Newswire) - Orocobre Limited (googlechartASX:ORE) (googlechartTSE:ORL) (googlechartOROCF:OTCMKTS) is pleased to provide a Company presentation on the recent released Full Year Results.

SUMMARY

- Olaroz is a profitable, low cost, high margin producer

- Significant cash to be returned to Orocobre from loans/SBLC

- Production volume growth continues

- Lithium chemical market to remain in deficit

- Olaroz expansion study underway

- Tincalayu expansion to crystallize value in Borax Argentina

OLAROZ MOVES TO PROFITABILITY

- SDJ profitable before non cash FX adjustments with EBITDAX of US$7.8M

- SDJ sales include two months of trading following the transition to production reporting from 1 May 2016

- Sales for May/June 2016 of 2,040 tonnes lithium carbonate

- Average price received for May/June 2016 of US$7,535/t for lithium carbonate

- Operating cash cost of US$3,555/t for May/June 2016, excluding royalties and head office costs

- Depreciation of SDJ PTE based on Units of Production over a two month period

- FX losses of US$18.3M relating to SDJ PTE are a "one-off" from transitioning into US$ functional currency

To view the presentation, please visit:
http://abnnewswire.net/lnk/7UHAY1H0


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

Andrew Barber
Investor Relations Manager
T: +61-7-3871-3985
M: +61-418-783-701
E: abarber@orocobre.com
www.orocobre.com



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