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Orocobre Limited Quarterly Report of Operations for the Period Ended 30 September 2017
Oct. 27, 2017 09:23AM PST
Battery Metals InvestingOrocobre Limited (ASX:ORE) reports quarterly results for the period ended 30 September 2017. As quoted in the press release: SEPTEMBER QUARTER 2017 KEY POINTS1 OLAROZ LITHIUM FACILITY (ORE 66.5%)2 Production through the September quarter was 2,135 tonnes of lithium carbonate with consecutive increases month on month as brine concentration and evaporation rates increased Production has continued …
Orocobre Limited (ASX:ORE) reports quarterly results for the period ended 30 September 2017.
As quoted in the press release:
SEPTEMBER QUARTER 2017 KEY POINTS1
OLAROZ LITHIUM FACILITY (ORE 66.5%)2
Production through the September quarter was 2,135 tonnes of lithium carbonate with consecutive increases month on month as brine concentration and evaporation rates increased
Production has continued to increase in October, and is on track to achieve budget of 1,220 tonnes for the month. Production has averaged 44 tonnes per day (90% of design) over the past week as brine concentration continued to rise in line with modelling
The Company reiterates guidance for the full year of 14,000 tonnes of lithium carbonate with production split approximately 45/55 between the first and second halves with record production expected in the December quarter at a production cost of <US$4,000/tonne
Sales revenue for the September quarter is US$23.2 million on total sales of 2,072 tonnes of lithium carbonate
