First Battery Grade Lithium
Orocobre Limited is pleased to report that it has produced battery grade lithium carbonate
Lithium Battery from Salar de Olaroz brines.Orocobre's analysis shows that the lithium carbonate is of greater than 99.9% purity(i) and of higher purity than the specifications for battery grade material sold by existing producers. This material was produced by refining a lower purity product previously produced at the company's facilities at Olaroz with recirculated brines. As such, the Company considers the material to be representative of what could be expected in commercial production.
"This is a major milestone for the company, and is the result of over 2 years of painstaking process development work. Six months ago we started pilot plant scale production of crude lithium carbonate, and now we are able to produce a value added, refined product which we believe meets cathode manufacturers' rigorous
Lithium Battery material specifications.We considered that it was important to produce "battery grade" lithium carbonate from our facilities as part of our Definitive Feasibility Study and this important milestone has now been achieved."
Scientific or technical information in this report that relates to the Company's Olaroz properties is based on information prepared by or under the supervision of Mr Richard Seville,
Tubs, who is a member of the Australian Institute of Mining and Metallurgy. Mr Seville is the Managing Director
Lithium Battery of Orocobre Limited and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and as a "qualified person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr Seville consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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