Orocobre Announces Analyst Coverage Initiated by GMP

Orocobre Announces Analyst Coverage Initiated by GMP Securities 
BRISBANE, AUSTRALIA -- (Marketwire) -- 10/09/12 -- Orocobre Limited
("the Company") (ASX:ORE)(TSX:ORL) is pleased to announce that GMP
Securities Australia Pty Ltd ("GMP") has initiated analyst coverage
on the Company, with a "buy" rating and a A$2.98/share price target.  
GMP Securities Pty Ltd joins five other brokers Patersons Securities
Limited, Cormark Securities Inc., Dundee Securities Ltd., Byron
Capital Markets Ltd, Stifel Nicolaus Canada Inc providing independent
analyst coverage on the Company. 
This research report is available on company's website at:  
http://www.orocobre.com.au/PDF/2Oct12_GMP%20ORE%20initiation.pdf 


 
Further information can be obtained directly from the analyst at GMP by     
contacting:                                                                 
Levi Spry, Senior Resources Analyst                                         
Direct: +61 2 9435 3217, Mobile: +61 408 813 763                            
lspry@gmpaustralia.com                                                      

 
About Orocobre Limited  
Orocobre Limited is listed on the Australian Securities Exchange and
Toronto Stock Exchange (ASX:ORE)(TSX:ORL), 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 is building in partnership with Toyota Tsusho
Corporation the first large-scale, de-novo brine based lithium
project in 20 years at its flagship Salar de Olaroz resource, with
projected production of 17,500 tonnes per annum of low-cost battery
grade lithium carbonate scheduled to commence in Q2 2014. The Company
also wholly-owns Borax Argentina, an important regional borate
producer. Orocobre has recently been included in the S&P/ASX 300
Index. For further information, please visit www.orocobre.com.  
Caution Regarding Forward-Looking Information 
This news release contains "forward-looking information" within the
meaning of applicable securities legislation. Forward-looking
information contained in this release includes, but is not limited
to, the completion of a definitive agreement between Orocobre and
Toyota Tsusho Corporation and lending documentation with Mizuho and
JOGMEC, the financing and profitability of the Olaroz Project, the
commencement of construction at the Olaroz Project, and the timing of
each of the foregoing.  
Such forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause actual results
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to the risk of
further changes in government regulations, policies or legislation;
the possibility that required concessions may not be obtained, or may
be obtained only on terms and conditions that are materially worse
than anticipated; the risk that a definitive joint venture agreement
with Toyota Tsusho Corporation may not be completed and/or that
project financing will not be arranged with Mizuho Corporate Bank and
JOGMEC; that further funding may be required, but unavailable, for
the ongoing development of the Company's projects; fluctuations or
decreases in commodity prices; uncertainty in the estimation,
economic viability, recoverability and processing of mineral
resources; risks associated with construction and development of the
Olaroz Project; unexpected capital or operating cost increases;
uncertainty of meeting anticipated program milestones at the Olaroz
Project; general risks associated with the feasibility and
development of the Olaroz Project; as well as those factors disclosed
in the Company's Annual Information Form for the year ended June 30,
2011 filed at www.sedar.com.  
The Company believes that the assumptions and expectations reflected
in such forward-looking information are reasonable. Assumptions have
been made regarding, among other things: the timely receipt of
required approvals and completion of agreements on reasonable terms
and conditions; the ability of the Company to obtain financing as and
when required and on reasonable terms and conditions; the prices of
lithium and potash; and the ability of the Company to operate in a
safe, efficient and effective manner. Readers are cautioned that the
foregoing list is not exhaustive of all factors and assumptions which
may have been used. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update
any forward-looking information, except in accordance with applicable
securities laws. 
ABN 31 112 589 910
Contacts:
Orocobre Limited
Richard Seville
Managing Director
+61 419 916 338
rseville@orocobre.com 
Orocobre Limited
Bruce Rose
VP - Corporate Development
M: + 1 (604) 377 1423