Orocobre Limited - Full Year Results Presentation
19.09.2016 | ABN Newswire
Brisbane - Orocobre Ltd. (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF) is pleased to provide a Company presentation on the recent released Full Year Results.SUMMARY
- Olaroz is a profitable, low cost, high marginproducer
- Significantcash to be returned to Orocobre from loans/SBLC
- Production volume growth continues
- Lithiumchemical market toremain in deficit
- Olarozexpansionstudy underway
- Tincalayuexpansion to crystallize value in Borax Argentina
OLAROZ MOVES TO PROFITABILITY
- SDJ profitable before non cash FX adjustments with EBITDAX of US$7.8M
- SDJ sales include two months of trading following the transition to production reporting from 1 May 2016
- Sales for May/June 2016 of 2,040 tonnes lithium carbonate
- Average price received for May/June 2016 of US$7,535/t for lithium carbonate
- Operating cash cost of US$3,555/t for May/June 2016, excluding royalties and head office costs
- Depreciation of SDJ PTE based on Units of Production over a two month period
- FX losses of US$18.3M relating to SDJ PTE are a "one-off" from transitioning into US$ functional currency
To view the presentation, please visit:
http://abnnewswire.net/lnk/7UHAY1H0
About Orocobre Limited:
Orocobre Ltd. is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), and is building a substantial Argentinian-based industrial minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northern Argentina.
The Company has built, in partnership with Toyota Tsusho Corporation and JEMSE, the first large-scale, greenfield brine based lithium project in 20 years at the Salar de Olaroz with planned production of 17,500 tonnes per annum of low-cost battery grade lithium carbonate.
Contact:
Orocobre Ltd.
Richard Seville Managing Director
T: +61-7-3871-3985
M: +61-419-916-338
E: rseville@orocobre.com
Andrew Barber Investor Relations Manager
T: +61-7-3871-3985
M: +61-418-783-701
E: abarber@orocobre.com
www.orocobre.com