Battery Metals

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 …

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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