Orocobre Limited Positive Results from PFS for Boric Acid Plant

FSC / Press Release 
Orocobre Limited Positive Results from PFS for Boric Acid Plant 
Brisbane, Australia, April 09, 2014 /FSC/ - Orocobre Limited (ORL - TSX, ORE -
ASX),is pleased to announce the results of a Pre-Feasibility Study ("PFS") on
the development of a 25,000 tpa boric acid plant at Olacapato in NW Argentina
("Olacapato Project"). 
Positive Results from Pre-Feasibility Study for
25,000 tpa Boric Acid Plant at Olacapato 
Key Findings: 
-***- 
------------------------------------------------
Production Rate         25,000 tpa Boric Acid
Capital Cost            US$ 18.2 million plus 
$2.6m in working capital 
and commissioning costs.
------------------------------------------------
Payback                 4.9 years
------------------------------------------------
Cash Operating Cost
at 25,000tpa             484 US$/ton
------------------------------------------------
After Tax NPV (10%)      $18.1 million
------------------------------------------------
After Tax IRR%           24%
------------------------------------------------
Modelled Project Life    20 years
------------------------------------------------
Measured and Indicated
Resources               1.02 Million tonnes B2O3
------------------------------------------------ 
-****- 
The Project has strong fundamentals with a healthy after tax internal rate of
return
of 24% based on modeled project life of 20 years underpinned by a resource base
of 1.02 million tonnes B2O3. 
The engineering design and cost estimates for the preliminary Feasibility Study
was undertaken by Borax Argentina staff and consultants in conjunction with
CP/QP Consulting Processing Engineer, Peter Ehren. The resource estimate and
geological aspects were undertaken by CP/QP Consulting Geologist, Murray
Brooker. 
Richard Seville Managing Director and Chief Executive Officer of Orocobre Ltd
said: 
"We are very pleased to announce the positive results of our PFS." Mr. Seville
said. "The project has a modest capital requirement and an attractive IRR and we
will advance the project now to the Definitive Feasibility Study stage and
permitting. Although not material in itself, this project is part of a range of
initiatives and projects in each of the product streams which are rejuvenating
Borax Argentina and will establish it as a major and profitable regional
player." 
To view the complete release including Forward Looking Statements, Technical
Information, Competent Persons' and Qualified Persons Statements with diagrams
and charts, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-792396.pdf 
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, "greenfield" 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 at the end of Q2, 2014. The Company also
wholly-owns Borax Argentina, an important regional borate producer. Orocobre is
included in the S&P/ASX 300 Index and was named 2012 Mining Company of the Year
by Argentine mining magazine Panorama Minero and the Fundacion para el
Desarrollo de la Mineria Argentina ("Fundamin" or Foundation for Development of
Argentina Mining). 
Contact: 
Australia and Asia
David Hall
Business Development Manager
Orocobre Limited
T: +61 7 3871 3985
M: +61 407 845 052
E: dhall@orocobre.com 
North America
James Calaway
Chairman
Orocobre Limited
M: +1 (713) 818 1457
E: jcalaway@orocobre.com 
To view the press release as a PDF, please click on the following link:
http://www.fscwire.com/sites/default/files/news_release_pdf/orocobre04092014.pdf 
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-0- Apr/10/2014  2:20 GMT
 
 
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