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
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