Battery Metals

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

  • 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

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