Olaroz Project Update
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COMPANY OVERVIEW    

Orocobre Limited is an Australian Securities Exchange( “ASX:ORE”) listed minerals exploration company with a focus on developing “best of class” Lithium, Potash and Boron resources in Argentina.

Orocobre’s flagship lithium-potash project is the Salar de Olaroz (“Olaroz” ) resource in the heart of the lithium rich zone of South America with JORC compliant inferred resource under company control of 1,500,000 tonnes of lithium carbonate and 4,400,000 million tonnes of muriate of potash. The project is 138 kilometers due east of SQM’s Salar de Atacama, the largest and highest operating margin lithium production in the world, and 210 Kilometers north of FMC’ Hombre Muerto production, the second highest operating margin commercial production in the world.

Orocobre’s Salar de Olaroz brine has approximately 15% higher concentration of lithium, and only slightly higher magnesium levels, than those found at FMC’s operations, and has inferred resources that internal reports (See ASX announcements) indicate should be capable of producing over a long mine life , 15,000 tonnes per year of lithium carbonate and with expansion potential. The company expects to co-produce approximately 35,000 tons of Potash and is investigating the potential for boric acid production.

Several factors enhance the potential for Salar de Olaroz resource to be the next premier lithium brine resource to be developed. First, the overall brine chemistry at the salar allows the company to use well understood, and thus lower risk processing sequences. Secondly, the resource is located immediately adjacent to a well maintained and sealed road leading directly to Antofagasta, Chile, which is the primary lithium export port in the world. Thirdly, a large natural gas pipeline and compression station exist nearby and within the same valley as the resource, thus providing low cost access to power.

The company is currently undertaking extensive work at the salar, with the goal of completing its bankable feasibility study by the middle of 2010. This study includes a second round of detailed drilling, longer term pump tests to further verify the nature of the reservoirs, ongoing evaporation testing on-site, brine clean-up techniques during pond evaporation, and plant and facilities design, optimization, and costing. These efforts, and others, should allow the company to commence construction operations later in the second half of 2010, with initial commercial production targeted for mid- 2011.

The company has begun discussions with several potential strategic off-take/financing partners, and anticipates securing strategic agreement(s) in advance of the completion of its bankable feasibility study.

The Salar de Oloraz development team is led by experts with extensive experience in all facets of lithium brine development and operations. The technical development team includes one of the world’s leading salar hydro-geologist, and two of the leading lithium brine chemists who posses detailed understanding of the commercial salar lithium and potash production and processing.

   
 

9 March 2010  Orocobre announces private placement
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8 March 2010  Orocobre announces high-grade lithium and potassium brine discoveries
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1 March 2010  Appointment of Non-Executive Director
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20 January 2010  Orocobre and Toyota Tsusho announce JV to Develop Salar de Oloraz Lithium-Potash Project
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23 December 2009  Significant expansion of land holding at Olaroz
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17 December 2009  Elementos IPO closes oversubscribed
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11 December 2009  Capital Raising
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26 November 2009  Salar deOlaroz Lithium-Potash Project Update
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19 November 2009  Significant expansion of land holding around Olaroz Lithium-Potash Project
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6 November 2009  Elementos Prospectus lodged with ASIC
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30 October 2009  Quarterly Report - Period ending 30 September 2009
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19 October 2009  Investor Presentation for the upcoming Elementos Limited Initial
Public Offering
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1 October 2009  Elementos Limited - option to acquire 100% of gold project
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30 September 2009  Annual Report 2009
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22 September 2009  Excellence in Mining & Exploration Concerence Presentation
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19 August 2009  Update of Proposed De-merger of Cu-Au Assets
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18 August 2009   Company Research Paper
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31 July 2009   Quarterly Report - Period ending 30 June 2009
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31 July 2009   Non-Executive Director Resignation
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30 June 2009   Non Renounceable Rights Issue - Allotment
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2 June 2009   June 2009 Roadshow Presentation
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25 May 2009   Non Renounceable Rights Issue - Notice to Shareholders
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22 May 2009   Prospectus - Non Renounceable Rights Issue Holders
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22 May 2009   Notice to Option Holders
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22 May 2009   Non Renounceable Rights Issue - Prospectus Lodged
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20 May 2009  Appointment of Director
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11 May 2009  Placement to Strategic Cornerstone Investor
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5 May 2009  Olaroz Lithium - Potash Project Scoping Study
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29 April 2009  Quarterly Report -Period ending 31 March 2009
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29 April 2009  Maiden Resource Estimate - Olaroz Project
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17 February 2009  Orocobre Presentation - RIU Conference
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16 February 2009  Marayes Agreement
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12 February 2009  Salar Exploration Initiative
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11 February 2009  Olaroz Project - Brine chemistry results & update
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26 October 2008 Annual Report - for period ending June 2008 ...
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9 September 2008 Olaroz Project - Drilling commences...  
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2 September 2008 Olaroz Project - Encouraging first testwork...  
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3 June 2008 Olaroz Project - Positive results from first sampling program...   > READ MORE

 


 
     
FOCUS ON ARGENTINA
  • highly prospective geology
  • undeveloped compared to Chile, its neighbour and a major minerals producer
  • attractive investment environment with relatively low sovereign risk
  • developed infrastructure
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