Orocobre Limited Borax Plant Relocation Completed

              Orocobre Limited Borax Plant Relocation Completed

Brisbane, Australia (FSCwire) - Orocobre Limited (ASX:ORE) (TSX:ORL)
("Orocobre" or "the Company") is pleased to advise the relocation of Borax
Argentina's borax decahydrate chemical plant from Campo Quijano to Tincalayu
mine site has been completed within budget and production has commenced.

- The project is expected to deliver significant cost benefits through
reduction of operating and logistics expenses

- Relocated plant at full capacity is 100tpd of refined borax decahydrate

- The project was completed within budget

On 1st of July 2013 the Company announced the start of the relocation of the
borax plant from Campo Quijano (near the city of Salta) to the Tincalayu mine
site (refer to announcement Orocobre Announces Borax Plant Relocation). On the
5th of July after a short period of commissioning, production commenced and
over the course of the coming weeks the plant will be ramped up to full
production levels. The borax chemical plant will produce refined borax
decahydrate product grades with subsequent conversion, as required, to borax
pentahydrate and anhydrous borax products at Campo Quijano. The capacity of
the plant is 100tpd of borax decahydrate. The relocation has been completed
within the original budget of US $3.7m net of existing plant and equipment.

As a result of the Borax plant relocation significant benefits are expected to
be achieved in both the reduction of operating unit costs and an increase in
overall mineral recovery from the mine. Previously, run-of-mine ore at 17%
B2O3 was concentrated at Tincalayu using dry magnetic separation at about 60%
recovery to produce a 21% B2O3 grade, which was then transported 350 kms to
Campo Quijano for further production into borax chemicals. Relocating the
borax plant to the Tincalayu mine site allows for the direct processing of
run-of-mine ore at a 15% B2O3 head grade without the need for magnetic
separation and associated mineral losses plus it improves transport efficiency
and cost by carting a 37% B2O3 refined product rather than the 21% B2O3 grade
concentrate.

As part of the initiatives being pursued at Borax Argentina's Tincalayu mine
site, the Company is in the process of re-modelling the deposit and
undertaking a review into the exploration potential. The new resource estimate
and exploration review reports are expected to be completed by the end of the
quarter and will shortly after lead into the development of a Life of Mine
Plan (LOMP).

To view all images, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-806753.pdf

About Orocobre Limited

Orocobre Limited (ASX:ORE)Orocobre Limited
(http://abnnewswire.net/images/googlechart.gifASX:ORE)
(http://abnnewswire.net/images/googlechart.gifTSE:ORL)is listed on the
Australian Securities Exchange and Toronto Stock Exchange 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
T: +61 7 3871 3985
M: +61 407 845 052
E: dhall@orocobre.com

North America
James Calaway
Chairman
M: +1 (713) 818 1457
E: jcalaway@orocobre.com

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ocrocobre07142014.pdf

Source: Orocobre Limited (TSX:ORL) http://www.orocobre.com



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