Orocobre Limited Stock Market Press Releases and Company Profile
Borax Plant Relocation Completed
Borax Plant Relocation Completed

Brisbane, July 15, 2014 AEST (ABN Newswire) - Orocobre Limited (googlechartASX:ORE) (googlechartTSE:ORL) ("Orocobre" or "the Company") is pleased to advise the relocation of Borax Argentina's borax decahydrate chemical plant from Campo Quijano to Tincalayu mine site has been completed within budget and production has commenced.

- The project is expected to deliver significant cost benefits through reduction of operating and logistics expenses

- Relocated plant at full capacity is 100tpd of refined borax decahydrate

- The project was completed within budget

On 1st of July 2013 the Company announced the start of the relocation of the borax plant from Campo Quijano (near the city of Salta) to the Tincalayu mine site (refer to announcement Orocobre Announces Borax Plant Relocation). On the 5th of July after a short period of commissioning, production commenced and over the course of the coming weeks the plant will be ramped up to full production levels. The borax chemical plant will produce refined borax decahydrate product grades with subsequent conversion, as required, to borax pentahydrate and anhydrous borax products at Campo Quijano. The capacity of the plant is 100tpd of borax decahydrate. The relocation has been completed within the original budget of US $3.7m net of existing plant and equipment.

As a result of the Borax plant relocation significant benefits are expected to be achieved in both the reduction of operating unit costs and an increase in overall mineral recovery from the mine. Previously, run-of-mine ore at 17% B2O3 was concentrated at Tincalayu using dry magnetic separation at about 60% recovery to produce a 21% B2O3 grade, which was then transported 350 kms to Campo Quijano for further production into borax chemicals. Relocating the borax plant to the Tincalayu mine site allows for the direct processing of run-of-mine ore at a 15% B2O3 head grade without the need for magnetic separation and associated mineral losses plus it improves transport efficiency and cost by carting a 37% B2O3 refined product rather than the 21% B2O3 grade concentrate.

As part of the initiatives being pursued at Borax Argentina's Tincalayu mine site, the Company is in the process of re-modelling the deposit and undertaking a review into the exploration potential. The new resource estimate and exploration review reports are expected to be completed by the end of the quarter and will shortly after lead into the development of a Life of Mine Plan (LOMP).

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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

Australia and Asia
David Hall
Business Development Manager
T: +61 7 3871 3985
M: +61 407 845 052
E: dhall@orocobre.com

North America
James Calaway
Chairman
M: +1 (713) 818 1457
E: jcalaway@orocobre.com



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