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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 Investing
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 …
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
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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
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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
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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
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Sales revenue for the September quarter is US$23.2 million on total sales of 2,072 tonnes of lithium carbonate
