Corporate presentation to Melbourne Mining Club
Brisbane, July 19, 2016 AEST (ABN Newswire) - Orocobre Ltd (
ASX:ORE) (TSE:ORL) (OROCF:OTCMKTS) are pleased to provide a corporate presentation to the Melbourne Mining Club.
INVESTMENT THESIS
PRODUCTION VOLUME GROWTH
On track to reach nameplate production run rate of 17.5KT p.a. lithium carbonate production at Olaroz by November 2016.
MARKET DEMAND
Tightening market, accelerating battery market growth and strong baseline demand from traditional markets.
STRONG PRICE GUIDANCE
Consistent quarter-on-quarter contract price growth (~US$7,500/tonne to >US$10,000/tonne Q2 to Q3).
OPERATIONAL IMPROVEMENT
Forecast operating costs of < US$2,500/tonne to be achieved through increased production rates, improved reagent consumption & optimised process controls.
EXPANSION
Large Resource. Scoping study to duplicate Stage 1 at Olaroz (an additional 17.5KT - 25KT) and leveraging knowledge, experience and supplier relationships to execute better, faster and cheaper (less CAPEX). Scoping study to be completed by the end of September, Feasibility Studies to commence in October.
To view the presentation, please visit:
http://abnnewswire.net/lnk/933KB6AT
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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