Orocobre Limited Quarterly Report of Operations for the Period Ended 31 December 2017

Orocobre Limited Quarterly Report of Operations for the Period Ended 31 December 2017.
As quoted in the press release:

KEY POINTS1
OLAROZ LITHIUM FACILITY (ORE 66.5%)2

• Record production through the December quarter at 3,937 tonnes of lithium carbonate, up 84% on the September quarter, (QoQ) with consecutive increases month on month.

• First half production of 6,072 tonnes

• Sales revenue is up 72% QoQ to US$40 million on total sales of 3,460 tonnes of lithium carbonate, up 67% QoQ

• Average Free on Board (FOB) price received up 3% QoQ to US$11,550/tonne with higher priced contracts reflecting firmer market conditions. Prices for June half 2018 are expected to be approximately 25% higher per tonne FOB than in the December half 2017

• Cash costs (on cost of goods sold basis) down 21% QoQ to US$3,946/tonne as a result of higher production volumes in the quarter

• Gross cash margins increased 23% QoQ to a record US$7,604/tonne on the back of higher sales prices and lower costs

• Full year production guidance of approximately 14,000 tonnes of lithium carbonate is maintained

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