General Search - Enter what you're looking for...
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 Limited is a dual-listed company on the Australian Securities Exchange ( ASX:ORE) and the Toronto Stock Exchange (TSX:ORL), and is the leading Lithium-Potash developer in the “sweet spot” of Argentina’s Puna Region of the South American Lithium Triangle. The Company’s primary objective is to develop a lithium-potassium brine projects, and commence commercial operations in 2012, with an operational cost structure that is competitive with existing low cost producers of lithium.
Over the past two years, the Company has been focused on advancing its flagship Salar de Olaroz (Olaroz) lithium-potassium brine project from initial exploration towards completion of a definitive feasibility study. In addition, the Company has been working to identify and secure a pipeline of lithium-potassium projects with attractive brine chemistries and resource potential that the Company believes have the potential to become low cost lithium-potassium developments after the Olaroz Project.
The Olaroz Project is currently being advanced towards a definitive feasibility study in strategic partnership with Toyota Tsusho Corporation. The Company expects to complete its feasibility study on the Olaroz Project by the end of 2010, and to commence development in 2011, with commercial production following in early 2012.
In addition to the Olaroz Project, the Company has, through its 85%-owned subsidiary, South American Salar Minerals Pty Ltd, an active Puna Region exploration program focused on developing a pipeline of future lithium and potash projects. The Company holds an 85% interest, through South American Salars, in Salinas Grandes and the Salar de Cauchari lithium-potassium brine projects, the Guayatoyoc potassium brine projects, as well as a future pipeline of potential salar projects throughout the region.
The company is well positioned for the future through a combination of:
* Low-cost, near-term production potential
* The Toyota Tsusho strategic partnership
* Dominant land position in high-yielding geographies
* Significant project pipeline
* Strong Lithium market fundamentals
Mine For
lithium, potash
Location of operation(s)
Argentina
Address
Level 1 , 349 Coronation Drive
MILTON, QLD, AUSTRALIA
Phone
(07) 3871 3985
Website
Last Updated
17/1/2011
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.
