Orocobre Limited Shareholder Update on Pump Replacement
Brisbane, Australia (FSCwire) -
Orocobre Limited (ASX:ORE, TSX:ORL)("Orocobre" or "the Company")
wishes to issue an update in response to recent shareholder enquiries
regarding the replacement of pumps at the TK-200 transfer ponds to
increase brine supply from the southern bore field as detailed in
Construction Update on the Olaroz Lithium Project (09 April 2014).
At the time of the announcement, brine supply from the southern bore
field was limited by undersized transfer pumps at the TK-200 transfer
ponds and correctly sized pumps were expected to be installed by May
to achieve peak filling rates. The Company advises that the
installation was completed as scheduled and the pumps are operating at
The Company will be issuing a comprehensive construction update
announcement on the progress of the flagship Olaroz Lithium Project
within the next two weeks.
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).
Australia and Asia
Business Development Manager
To view this press release as a PDF file, click onto the following link:
Source: Orocobre Limited (TSX:ORL) http://www.orocobre.com
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