Orocobre Limited Completes Resource Estimate At Cauchari Lithium Property

Orocobre Limited (TSX:ORL,ASX:ORE) announced it completed its first resource estimate at its 85% owned Cauchari Lithium-Potash properties in Argentina.

As quoted in the press release:

Murray Brooker, independent hydrogeologist, has estimated an inferred resource in two adjoining areas of the salar, with a total 230 million cubic metres of brine at average grades of 380 mg/L lithium and 3700 mg/L potassium. This is equivalent to 470,000 tonnes of lithium carbonate and 1.6 million tonnes of potash (potassium chloride) based on 5.32 tonnes of lithium carbonate being equivalent to one tonne of lithium and 1.91 tonnes of potash being equivalent to one tonne of potassium.

Click here to read the Orocobre Limited (TSX:ORL) press release.