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OROCOBRE LIMITED

ASX: ORE

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Orocobre Ltd is building a substantial Argentinian-based industrial chemicals and minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities.

Orocobre is building the first large–scale, de-novo brine based lithium project in 20 years at its flagship Salar de Olaroz resource. This enables Orocobre to join the three existing low-cost brine producers, with 17,500 tonnes per annum of phase one production of battery grade lithium carbonate. First commercial production is projected to be the end of August 2014.

Toyota Tsusho Corporation is the company’s strategic partner for the Olaroz Lithium Project, and has provided the capital required to build the operation through a combination of its purchase of 25% of the project equity and through the provision of project debt financing guaranteed by TTC during the construction phase and guaranteed by a Japanese government organization (JOGMEC) post operational commissioning. This strategic partnership has made it possible to finance the project on a highly favourable basis, and to be able to effectively market subsequent battery grade lithium production into Japanese and Asian markets.

The company expanded its industrial minerals operational capabilities in northern Argentina with the August 2012 purchase of Borax Argentina from Rio Tinto. This acquisition is an important strategic step for Orocobre, moving the company to producer status within the same region that its flagship Olaroz Lithium Project is being built. Borax Argentina owns one of the few important borate deposits globally, and has a significant quantity of estimated mineralisation for long-life output.

Beyond current operations and Phase One of the Olaroz Project, Orocobre is well positioned for substantial growth through the expansion potential of Salar de Olaroz, the tapping of potential of its Salar de Cauchari property for additional production at the Olaroz operations, and through the future development of its pipeline of future lithium, potash and borate in the Puna region of northern Argentina.

Mine For

lithium, potash, boron

Location of operation(s)

Argentina

Address

Level 1 , 349 Coronation Drive
MILTON, QLD, AUSTRALIA

Phone

(07) 3871 3985

Email

Website


Last Updated

23/4/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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