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Orocobre Completes Grid Auger Drilling at Salinas Grandes Lithium-Potash Project
BRISBANE, AUSTRALIA -- (Marketwire) -- 11/20/11 -- Orocobre Limited (TSX: ORL)(ASX: ORE) -
Highlights
-- Follow up auger drilling program completed at the Salinas Grandes
Lithium-Potash Project, with an average hole spacing of 1.7 km.
-- Auger drilling has defined the shallow stratigraphy and areas of higher
permeability (sand).
-- Auger drilling results average 9,950 mg/l K, 825 mg/l Li and 2,226 mg/l
Mg, with a Mg/Li ratio of 2.7 over an average hole depth of 9.6 m.
-- Results confirm the lithium grades and distribution in previous Orocobre
pit sampling and in the upper zone intersected with the recent diamond
drilling.
-- Brine chemistry is attractive, with a low Mg/Li ratio, high K/Li ratio
and low sulphate and calcium levels. High recoveries of both potassium
and lithium could be expected using a simple, low operating cost,
process route.
-- Porosity results received from the British Geological Survey show
similar values to the Olaroz project for the same sediment types. Pump
testing is underway on auger holes and two, 8 inch diameter test wells.
-- Resource modeling has commenced. Guidance on brine extractability will
be provided with the resource estimate.
Orocobre Limited (the Company or Orocobre) is pleased to announce the completion of a grid auger drilling program on the Salinas Grandes Lithium-Potash project ("Salinas Grandes") in Salta Province, North West Argentina as shown Figure 1 and is available on http://www.orocobre.com/Maps/Salinas_Olaroz_Fig1_16Nov11.jpg
Orocobre Managing Director, Richard Seville, stated, "We are pleased to have the additional level of information from the auger drilling program at Salinas Grandes. This complements the previous diamond drilling, increases the density of sample points and provides a solid information base for resource modeling."
"We have received the results of specific yield porosity determinations made at the British Geological Survey Laboratories. These results are very similar to those at our Olaroz project for the same sediment types and will be used in the resource estimate."
"Pump testing of the auger drill holes is underway to provide information on variations in permeability and flow rates across the salar. Two pumping test installations with 8 inch bore holes have been drilled to allow the undertaking of longer term constant flow rate tests. This information will be used to assess the extractability of the brine, with guidance on this aspect of the project to be provided at the same time as the resource estimate."
Auger Drilling Results
A total of 47 solid stem auger holes were drilled on a north-south oriented grid, with an average spacing of 1.7 km between drill holes. Holes were drilled vertically to depths of 2m to 20 m, depending on access conditions within the salar. Geological samples were logged and results compiled on geological sections, which show a significant increase in sand on the northern margins of the salar, where sand has been sourced from the northern alluvial fan. Locations of the auger holes are shown in Figure 2 below and is available on http://www.orocobre.com/Maps/Salinas_Fig2_16Nov11.jpg.
Samples were collected during the drilling by bailing brine from the hole every 4 metres (and at 2 m in 4 m deep holes). The upper 4 m sample is representative of the interval 0-4 m, the deeper samples (4-8 m, 8-12 m, 12-16 m, 16-20 m) are composites from the hole to the depth at the point of sampling. Average results for each auger hole are presented in Table 1.
It should be noted the composite values are influenced by the lithium concentrations in each lithological unit and the permeability of individual lithological units, with higher permeability units influencing brine sample compositions more than lower permeability units. The shallow brine body occurs over an area of approximately 170 square kilometres, of which approximately 110 square kilometres are located within Orocobre's properties.
Samples in the shallow brine body exhibit attractively low Mg/Li ratios, averaging 2.7 for all samples, with lithium values from 0-4 m samples shown in Figure 3. Sulphate levels are low, ranging from 947 mg/l on the margins of the salar to an isolated maximum of 11,978 mg/l within the salar, with an average of 3,628 mg/l. Within the zone of greater than 1,000 mg/l Li in the 0-4 m samples sulphate averages 3,572 mg/l.
The shallow brine body is hosted in a sequence of sand, silt and clay units, with an increase in sand content in the north of the salar. Halite is limited to a maximum thickness of 0.5 m from surface in the center-south of the salar. The elevated lithium brine concentrations encountered during auger sampling correlate well with the distribution of elevated lithium values from previous pit sampling as shown in Figure 3 below and is available at http://www.orocobre.com/Maps/Salinas_Fig3_16Nov11.jpg.
Resource estimation and porosity/permeability measurements
Specific yield porosity determinations have been received for cores samples analysed by the British Geological Survey. The results are similar to those obtained at the company's Olaroz project for the same types of sediments.
The specific yield porosity data, auger drilling and previous diamond drilling results will be used to undertake a resource estimate on the shallow brine body. Guidance on the potential for extraction of the brine will be released with the resource estimate.
Quality Assurance/Quality Control
Auger drilling was conducted with 110 mm diameter solid stem augers, without use of drilling fluids. Sediment samples were collected from the augers and geologically logged, with samples preserved in chip boxes. Single valve steel bailers were used to obtain brine samples once drill holes were purged of water.
Brine samples were submitted to Alex Stuart Assayers (ASA) in Mendoza, Argentina. This ASA laboratory has extensive experience analyzing lithium bearing brines. They are ISO 9001 accredited, and operate according to Alex Stewart Group standards consistent with ISO 17025 methods at other laboratories.
Laboratory prepared standards were submitted in all sample batches sent to ASA, with a minimum of one standard every 5 primary samples. Three standards with different ranges were used to evaluate laboratory performance. Duplicate samples were submitted with one duplicate every ten primary samples.
Overall the analyses are considered to be of acceptable quality, based on the results of the QA/QC samples. The results have been verified by Murray Brooker, Geological and Hydrogeological Consultant, who is a Qualified Person as defined in NI 43-101.
http://www.finanznachrichten.de/nachrichten-2011-11/21992216…
BRISBANE, AUSTRALIA -- (Marketwire) -- 11/20/11 -- Orocobre Limited (TSX: ORL)(ASX: ORE) -
Highlights
-- Follow up auger drilling program completed at the Salinas Grandes
Lithium-Potash Project, with an average hole spacing of 1.7 km.
-- Auger drilling has defined the shallow stratigraphy and areas of higher
permeability (sand).
-- Auger drilling results average 9,950 mg/l K, 825 mg/l Li and 2,226 mg/l
Mg, with a Mg/Li ratio of 2.7 over an average hole depth of 9.6 m.
-- Results confirm the lithium grades and distribution in previous Orocobre
pit sampling and in the upper zone intersected with the recent diamond
drilling.
-- Brine chemistry is attractive, with a low Mg/Li ratio, high K/Li ratio
and low sulphate and calcium levels. High recoveries of both potassium
and lithium could be expected using a simple, low operating cost,
process route.
-- Porosity results received from the British Geological Survey show
similar values to the Olaroz project for the same sediment types. Pump
testing is underway on auger holes and two, 8 inch diameter test wells.
-- Resource modeling has commenced. Guidance on brine extractability will
be provided with the resource estimate.
Orocobre Limited (the Company or Orocobre) is pleased to announce the completion of a grid auger drilling program on the Salinas Grandes Lithium-Potash project ("Salinas Grandes") in Salta Province, North West Argentina as shown Figure 1 and is available on http://www.orocobre.com/Maps/Salinas_Olaroz_Fig1_16Nov11.jpg
Orocobre Managing Director, Richard Seville, stated, "We are pleased to have the additional level of information from the auger drilling program at Salinas Grandes. This complements the previous diamond drilling, increases the density of sample points and provides a solid information base for resource modeling."
"We have received the results of specific yield porosity determinations made at the British Geological Survey Laboratories. These results are very similar to those at our Olaroz project for the same sediment types and will be used in the resource estimate."
"Pump testing of the auger drill holes is underway to provide information on variations in permeability and flow rates across the salar. Two pumping test installations with 8 inch bore holes have been drilled to allow the undertaking of longer term constant flow rate tests. This information will be used to assess the extractability of the brine, with guidance on this aspect of the project to be provided at the same time as the resource estimate."
Auger Drilling Results
A total of 47 solid stem auger holes were drilled on a north-south oriented grid, with an average spacing of 1.7 km between drill holes. Holes were drilled vertically to depths of 2m to 20 m, depending on access conditions within the salar. Geological samples were logged and results compiled on geological sections, which show a significant increase in sand on the northern margins of the salar, where sand has been sourced from the northern alluvial fan. Locations of the auger holes are shown in Figure 2 below and is available on http://www.orocobre.com/Maps/Salinas_Fig2_16Nov11.jpg.
Samples were collected during the drilling by bailing brine from the hole every 4 metres (and at 2 m in 4 m deep holes). The upper 4 m sample is representative of the interval 0-4 m, the deeper samples (4-8 m, 8-12 m, 12-16 m, 16-20 m) are composites from the hole to the depth at the point of sampling. Average results for each auger hole are presented in Table 1.
It should be noted the composite values are influenced by the lithium concentrations in each lithological unit and the permeability of individual lithological units, with higher permeability units influencing brine sample compositions more than lower permeability units. The shallow brine body occurs over an area of approximately 170 square kilometres, of which approximately 110 square kilometres are located within Orocobre's properties.
Samples in the shallow brine body exhibit attractively low Mg/Li ratios, averaging 2.7 for all samples, with lithium values from 0-4 m samples shown in Figure 3. Sulphate levels are low, ranging from 947 mg/l on the margins of the salar to an isolated maximum of 11,978 mg/l within the salar, with an average of 3,628 mg/l. Within the zone of greater than 1,000 mg/l Li in the 0-4 m samples sulphate averages 3,572 mg/l.
The shallow brine body is hosted in a sequence of sand, silt and clay units, with an increase in sand content in the north of the salar. Halite is limited to a maximum thickness of 0.5 m from surface in the center-south of the salar. The elevated lithium brine concentrations encountered during auger sampling correlate well with the distribution of elevated lithium values from previous pit sampling as shown in Figure 3 below and is available at http://www.orocobre.com/Maps/Salinas_Fig3_16Nov11.jpg.
Resource estimation and porosity/permeability measurements
Specific yield porosity determinations have been received for cores samples analysed by the British Geological Survey. The results are similar to those obtained at the company's Olaroz project for the same types of sediments.
The specific yield porosity data, auger drilling and previous diamond drilling results will be used to undertake a resource estimate on the shallow brine body. Guidance on the potential for extraction of the brine will be released with the resource estimate.
Quality Assurance/Quality Control
Auger drilling was conducted with 110 mm diameter solid stem augers, without use of drilling fluids. Sediment samples were collected from the augers and geologically logged, with samples preserved in chip boxes. Single valve steel bailers were used to obtain brine samples once drill holes were purged of water.
Brine samples were submitted to Alex Stuart Assayers (ASA) in Mendoza, Argentina. This ASA laboratory has extensive experience analyzing lithium bearing brines. They are ISO 9001 accredited, and operate according to Alex Stewart Group standards consistent with ISO 17025 methods at other laboratories.
Laboratory prepared standards were submitted in all sample batches sent to ASA, with a minimum of one standard every 5 primary samples. Three standards with different ranges were used to evaluate laboratory performance. Duplicate samples were submitted with one duplicate every ten primary samples.
Overall the analyses are considered to be of acceptable quality, based on the results of the QA/QC samples. The results have been verified by Murray Brooker, Geological and Hydrogeological Consultant, who is a Qualified Person as defined in NI 43-101.
http://www.finanznachrichten.de/nachrichten-2011-11/21992216…
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OROCOBRE LIMITED
1.50 vol 161,300 Up 9.49%
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OROCOBRE LIMITED
1.50 vol 161,300 Up 9.49%
Antwort auf Beitrag Nr.: 42.281.246 von KaOzz am 31.10.11 17:22:56Argentina’s repatriation decree misinterpreted
Argentina announced a decree to repatriate mining revenues that “may have been misinterpreted by the market to mean that companies could no longer transfer mining earnings offshore, which we do not believe is the case,” Daniel Earle, an analyst at TD Securities said in a note to clients.
Weiterlesen:
http://financialpostbusiness.files.wordpress.com/2011/10/arg…
Argentina announced a decree to repatriate mining revenues that “may have been misinterpreted by the market to mean that companies could no longer transfer mining earnings offshore, which we do not believe is the case,” Daniel Earle, an analyst at TD Securities said in a note to clients.
Weiterlesen:
http://financialpostbusiness.files.wordpress.com/2011/10/arg…
Antwort auf Beitrag Nr.: 42.281.236 von KaOzz am 31.10.11 17:21:25Geht sehr anständig vorwärts!
Die Zukunft hängt natürlich vom Wachstum der Weltwirtschaft ab
Die Zukunft hängt natürlich vom Wachstum der Weltwirtschaft ab
Orocobre Limited-Quarterly Activity Report for the Period Ended 30 September 2011
BRISBANE, AUSTRALIA -- (Marketwire) -- 10/31/11 -- Orocobre Limited (TSX: ORL)(ASX: ORE) -
Highlights and Significant Developments:
Salar de Olaroz Lithium-Potash Project:
-- Detailed engineering contract for the Olaroz Project awarded to Sinclair
Knight Merz.
-- Toyota Tsusho Corporation and Japanese financing institutions
negotiations progressing favourably.
-- Engagement in Jujuy provincial government's secondary approvals remains
a key focus.
Salinas Grandes Lithium-Potash Project:
-- Initial drilling program confirms favourable exploration potential.
-- Brine chemistry is attractive, with expected high lithium-potash
recoveries from a low-cost process.
Salar de Cauchari Lithium-Potash Project:
-- Approval and commencement of drilling exploratory wells
Corporate
-- Appointment of Vice President - Corporate Development.
-- Strong cash position of A$34.2m at end of the quarter.
Salar De Olaroz Lithium-Potash Project
======================================
Detailed Engineering Contract Awarded
In early August, the Company awarded the Olaroz Project's detailed engineering contract to Sinclair Knight Merz ("SKM"), a large international engineering projects firm. The Olaroz Project is Orocobre's flagship project located in Jujuy province of north western Argentina, on which a Feasibility Study for a 16,400 tonnes per annum high-purity, battery-grade lithium carbonate operation was completed earlier in 2011. SKM has been involved in the Olaroz Project for over a year and previously completed the engineering and capital and operating cost estimates for the Feasibility Study. SKM has significant lithium-potash industry experience. It is the only company that has ever designed and managed the construction of a complete lithium brine operation, at FMC's Salar de Hombre Muerto facility in Argentina. SKM has also provided services to lithium projects in Chile. Since the appointment of SKM, the Olaroz Project engineering team has been assembled and work has focused on reviewing the Olaroz Feasibility Study implementation plan to expedite project development once financing and governmental approvals have been concluded.
Further information of the Olaroz Project resource estimate and Feasibility Study is available in the company's announcements of 4 April and 3 May 2011 respectively.
Toyota Tsusho Agreement and Financing Update
Since completion of the definitive Feasibility Study ("DFS") the Company has been actively engaged in finalising arrangements with its strategic partner, Toyota Tsusho Corporation ("Toyota Tsusho"), Japanese state-owned Japan Oil, Gas and Metals National Corporation ("JOGMEC") and a major Japanese bank. Toyota Tsusho is arranging debt finance for a minimum 60% of the capital funding requirements for the Olaroz project through a low-cost debt facility to be guaranteed through JOGMEC. The complete documentation of the DFS was provided to Toyota Tsusho on 9 June, 2011.
Since then, due diligence on the DFS and the project has been undertaken by Toyota Tsusho's technical, legal and accounting consultants and also by JOGMEC. The selection of the lender is well advanced and it is expected that the appointee will be mandated shortly. No material issues have arisen in due diligence.
Toyota Tsusho and Orocobre have also been advancing towards finalising the commercial terms of their arrangements including the entry consideration for the 25% equity participation of Toyota Tsusho, joint venture agreement and off-take arrangements. Orocobre has approved Toyota Tsusho's request for an extension of the 90-day timeframe specified in the Term Sheet announced on 18 January 2010 to allow these arrangements to be completed.
The Company anticipates finalising the terms of its arrangements with Toyota Tsusho early in the fourth quarter of 2011, with Japanese bank and JOGMEC financing to be completed early in the first quarter 2012 subject to completion of the approvals process in Jujuy Province.
Update on Approvals Process
During the quarter, the Company continued to be actively engaged in the Jujuy government's secondary approvals process. The Company has provided extensive information to the Committee of Experts and made a number of formal presentations to this committee. The Company has also been making important advancements by building on a number of pre-established relationships with the local communities, governments and other regulatory bodies. Orocobre continues to receive strong local support for the Olaroz Project. As previously announced, representatives of the relevant local communities have provided written support of the Olaroz Project to the provincial Minister of Production expressing the strong desire that the project receives all requisite approvals to allow commercial production to commence. The Company is not aware of any opposition to the Olaroz project being lodged with the provincial Minister of Production or the Committee of Experts. Management believes that the approvals process continues to be advancing favourably and is confident that final approval will be granted within a workable timeframe.
Further information on the approvals process is available in the Company's announcements of 27 May and 20 June 2011.
Salar de Salinas Grandes Potassium-Lithium Project (Orocobre 85%
================================================================
Early in the quarter, the Company announced encouraging results of the initial drilling program at the Salinas Grandes lithium-potash project in Argentina's Salta province. Salinas Grandes is located 70 kilometres southeast of the Company's Salar de Olaroz project.
The drilling program consisted of 12 triple-tube diamond core holes with an average spacing of 3.3 km in the east of the salar, where most drilling was done. Holes were drilled vertically to between 60 and 75 m depth, with one hole (HCJ007D) drilled to 71 m with a diamond core and to 180 m total depth with a tricone. Down hole geophysical logging was conducted on six of the holes, including HCJ007D.
The drilling program analytical results show the presence of two brine bodies with good grades and significant exploration potential. The first is a continuous shallow brine body from surface to approximately 20m. It occurs over an extensive area of approximately 170 square kilometres of which approximately 110 square kilometres are located within Orocobre's properties.
Drilling results in the shallow brine body give average values of 741mg/l lithium and 10,000mg/l potassium which represents a significant exploration target. Drilling shows that brackish water underlies this shallow brine body through much of the salar. A deeper brine body, extending to 50-80m depth, occurs over approximately 17 square kilometres in the centre of the salar, of which 13 square kilometres are in the Company's properties with the aforementioned brackish water surrounding the brine body.
Samples in both brine bodies exhibit attractively low Mg/Li ratios, averaging 2.8 for all samples where lithium values are above detection. Sulphate levels are very low, ranging from 98 mg/l on the margins of the salar to a maximum of 5030 mg/l in the centre of the salar, with an average of 1480 mg/l.
Brine chemistry exhibits favourable ratios of magnesium-to-lithium and potassium-to-lithium, combined with very low levels of sulphate. Management believes that these chemical characteristics are well suited for conventional processing techniques that provide high recovery rates at low operating costs. The low sulphate levels indicate that there is high potash recovery potential from this resource, estimated at eight tonnes of potash per tonne of lithium carbonate production.
The close proximity of Salinas Grandes to the Company's Salar de Olaroz project provides potential operational synergies. One potential synergy could be the processing of concentrated Salinas Grandes lithium brine at an expanded Olaroz lithium carbonate plant following potash recovery at Salinas Grandes.
The Company's current focus is to complete an analysis of the resource estimate and to establish an understanding of the brine extractability through pumping tests. A shallow auger drilling program, comprised of 46 wells, to better define the near surface brine body was completed subsequent to the end of the quarter and the results are currently under analysis. A resource estimate is expected during the fourth quarter 2011 together with initial guidance of potential extractability. Further technical information on Salinas Grandes is provided in the Company's announcement of 18 July 2011.
Salar de Cauchari Project Approval and Drilling of Exploratory Wells (Orocobre 85%)
====================================================================
In early September, the Company's South American Salars subsidiary (85%) received authorisation to drill exploratory wells on its Salar de Cauchari property ("Cauchari Project"), located 5 km south of the Company's Olaroz Project in Jujuy province.
In accordance with the project's Environment Impact Assessment ("EIS") addenda the provincial Director of Mines and Energy Resources has approved a limited program that permits drilling and the construction of related access roads. The objective of the program is to delineate a brine body at the Cauchari Project and to allow a resource estimate to be undertaken. The Company's drill program will test the area on the company's leases directly to the south-east of the highest grade part of the brine body drill tested by Lithium Americas Corp. on its Cauchari lithium project.
As previously announced 31 January, 2011, interpretation of the Company's geological and geophysical survey information at the Cauchari Project, combined with publicly released information from Lithium Americas Corp. regarding the extensive testing of its leases, has encouraged Orocobre that there is a potential for the highest grade part of the brine body delineated by Lithium Americas Corp to extend onto South American Salar's Cauchari properties.
South American Salars holds rights to over 30,000 hectares of properties at the Cauchari Project. Although the Company does not anticipate developing a separate lithium-potash processing facility at the Cauchari Project, the Company believes that there is potential to create considerable value by using Cauchari brines at its planned Olaroz Project processing facilities.
This development strategy, would require an Olaroz Project capacity expansion at relatively low incremental capital cost beyond the planned 16,400 tonnes per annum, and will be advanced if the current drilling program validates a brine body extension and a potentially economic resource. Orocobre has been producing battery grade lithium carbonate at its Olaroz pilot plant since early 2011. Further information and mapping of the Salar de Cauchari resource areas is available in Orocobre's 9 September, 2011 news release.
Corporate
=========
Appointment of Vice-President of Corporate Development
In late July, the Company announced the appointment of Mr. Bruce Rose as Vice President, Corporate Development. In this role, Mr. Rose will have overall responsibility for Orocobre's corporate development initiatives and communications with a particular emphasis on investor relations. He is based in Vancouver, British Columbia.
Cash Position
At the end of the quarter, the company had a strong cash position of A$34.2m.
Paul Crawford, Company Secretary
About Orocobre Limited
Orocobre Limited is listed on the Australian Securities Exchange (ASX: ORE) and the Toronto Stock Exchange (TSX: ORL), and is the leading lithium-potash developer in the lithium and potassium rich Puna region of Argentina. For further information, please visit www.orocobre.com.
Technical Information, Competent Persons' and Qualified Persons Statements
The technical information in this announcement has been reviewed and approved the content of this news release by Mr. Neil Stuart. Neil Stuart is a geologist and is a Fellow of The Australasian Institution of Mining and Metallurgy. Neil has sufficient relevant experience 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. He is also a "Qualified Person" as defined in NI 43-101.
Additional information relating to the Company's projects is available in "Technical Report - Salar de Olaroz Lithium-Potash Project, Argentina" dated May 30, 2011, (the Olaroz Report), the "Technical Report - Salinas Grandes Project" dated April 30, 2010 and the "Technical Report - Salar de Cauchari Project, Argentina" dated April 30, 2010, respectively, which have each been prepared by John Houston, Consulting Hydrogeologist, together with, in the case of the Olaroz Report, Mike Gunn, Consulting Processing Engineer, in accordance with NI 43-101.
http://www.finanznachrichten.de/nachrichten-2011-10/21787231…
BRISBANE, AUSTRALIA -- (Marketwire) -- 10/31/11 -- Orocobre Limited (TSX: ORL)(ASX: ORE) -
Highlights and Significant Developments:
Salar de Olaroz Lithium-Potash Project:
-- Detailed engineering contract for the Olaroz Project awarded to Sinclair
Knight Merz.
-- Toyota Tsusho Corporation and Japanese financing institutions
negotiations progressing favourably.
-- Engagement in Jujuy provincial government's secondary approvals remains
a key focus.
Salinas Grandes Lithium-Potash Project:
-- Initial drilling program confirms favourable exploration potential.
-- Brine chemistry is attractive, with expected high lithium-potash
recoveries from a low-cost process.
Salar de Cauchari Lithium-Potash Project:
-- Approval and commencement of drilling exploratory wells
Corporate
-- Appointment of Vice President - Corporate Development.
-- Strong cash position of A$34.2m at end of the quarter.
Salar De Olaroz Lithium-Potash Project
======================================
Detailed Engineering Contract Awarded
In early August, the Company awarded the Olaroz Project's detailed engineering contract to Sinclair Knight Merz ("SKM"), a large international engineering projects firm. The Olaroz Project is Orocobre's flagship project located in Jujuy province of north western Argentina, on which a Feasibility Study for a 16,400 tonnes per annum high-purity, battery-grade lithium carbonate operation was completed earlier in 2011. SKM has been involved in the Olaroz Project for over a year and previously completed the engineering and capital and operating cost estimates for the Feasibility Study. SKM has significant lithium-potash industry experience. It is the only company that has ever designed and managed the construction of a complete lithium brine operation, at FMC's Salar de Hombre Muerto facility in Argentina. SKM has also provided services to lithium projects in Chile. Since the appointment of SKM, the Olaroz Project engineering team has been assembled and work has focused on reviewing the Olaroz Feasibility Study implementation plan to expedite project development once financing and governmental approvals have been concluded.
Further information of the Olaroz Project resource estimate and Feasibility Study is available in the company's announcements of 4 April and 3 May 2011 respectively.
Toyota Tsusho Agreement and Financing Update
Since completion of the definitive Feasibility Study ("DFS") the Company has been actively engaged in finalising arrangements with its strategic partner, Toyota Tsusho Corporation ("Toyota Tsusho"), Japanese state-owned Japan Oil, Gas and Metals National Corporation ("JOGMEC") and a major Japanese bank. Toyota Tsusho is arranging debt finance for a minimum 60% of the capital funding requirements for the Olaroz project through a low-cost debt facility to be guaranteed through JOGMEC. The complete documentation of the DFS was provided to Toyota Tsusho on 9 June, 2011.
Since then, due diligence on the DFS and the project has been undertaken by Toyota Tsusho's technical, legal and accounting consultants and also by JOGMEC. The selection of the lender is well advanced and it is expected that the appointee will be mandated shortly. No material issues have arisen in due diligence.
Toyota Tsusho and Orocobre have also been advancing towards finalising the commercial terms of their arrangements including the entry consideration for the 25% equity participation of Toyota Tsusho, joint venture agreement and off-take arrangements. Orocobre has approved Toyota Tsusho's request for an extension of the 90-day timeframe specified in the Term Sheet announced on 18 January 2010 to allow these arrangements to be completed.
The Company anticipates finalising the terms of its arrangements with Toyota Tsusho early in the fourth quarter of 2011, with Japanese bank and JOGMEC financing to be completed early in the first quarter 2012 subject to completion of the approvals process in Jujuy Province.
Update on Approvals Process
During the quarter, the Company continued to be actively engaged in the Jujuy government's secondary approvals process. The Company has provided extensive information to the Committee of Experts and made a number of formal presentations to this committee. The Company has also been making important advancements by building on a number of pre-established relationships with the local communities, governments and other regulatory bodies. Orocobre continues to receive strong local support for the Olaroz Project. As previously announced, representatives of the relevant local communities have provided written support of the Olaroz Project to the provincial Minister of Production expressing the strong desire that the project receives all requisite approvals to allow commercial production to commence. The Company is not aware of any opposition to the Olaroz project being lodged with the provincial Minister of Production or the Committee of Experts. Management believes that the approvals process continues to be advancing favourably and is confident that final approval will be granted within a workable timeframe.
Further information on the approvals process is available in the Company's announcements of 27 May and 20 June 2011.
Salar de Salinas Grandes Potassium-Lithium Project (Orocobre 85%
================================================================
Early in the quarter, the Company announced encouraging results of the initial drilling program at the Salinas Grandes lithium-potash project in Argentina's Salta province. Salinas Grandes is located 70 kilometres southeast of the Company's Salar de Olaroz project.
The drilling program consisted of 12 triple-tube diamond core holes with an average spacing of 3.3 km in the east of the salar, where most drilling was done. Holes were drilled vertically to between 60 and 75 m depth, with one hole (HCJ007D) drilled to 71 m with a diamond core and to 180 m total depth with a tricone. Down hole geophysical logging was conducted on six of the holes, including HCJ007D.
The drilling program analytical results show the presence of two brine bodies with good grades and significant exploration potential. The first is a continuous shallow brine body from surface to approximately 20m. It occurs over an extensive area of approximately 170 square kilometres of which approximately 110 square kilometres are located within Orocobre's properties.
Drilling results in the shallow brine body give average values of 741mg/l lithium and 10,000mg/l potassium which represents a significant exploration target. Drilling shows that brackish water underlies this shallow brine body through much of the salar. A deeper brine body, extending to 50-80m depth, occurs over approximately 17 square kilometres in the centre of the salar, of which 13 square kilometres are in the Company's properties with the aforementioned brackish water surrounding the brine body.
Samples in both brine bodies exhibit attractively low Mg/Li ratios, averaging 2.8 for all samples where lithium values are above detection. Sulphate levels are very low, ranging from 98 mg/l on the margins of the salar to a maximum of 5030 mg/l in the centre of the salar, with an average of 1480 mg/l.
Brine chemistry exhibits favourable ratios of magnesium-to-lithium and potassium-to-lithium, combined with very low levels of sulphate. Management believes that these chemical characteristics are well suited for conventional processing techniques that provide high recovery rates at low operating costs. The low sulphate levels indicate that there is high potash recovery potential from this resource, estimated at eight tonnes of potash per tonne of lithium carbonate production.
The close proximity of Salinas Grandes to the Company's Salar de Olaroz project provides potential operational synergies. One potential synergy could be the processing of concentrated Salinas Grandes lithium brine at an expanded Olaroz lithium carbonate plant following potash recovery at Salinas Grandes.
The Company's current focus is to complete an analysis of the resource estimate and to establish an understanding of the brine extractability through pumping tests. A shallow auger drilling program, comprised of 46 wells, to better define the near surface brine body was completed subsequent to the end of the quarter and the results are currently under analysis. A resource estimate is expected during the fourth quarter 2011 together with initial guidance of potential extractability. Further technical information on Salinas Grandes is provided in the Company's announcement of 18 July 2011.
Salar de Cauchari Project Approval and Drilling of Exploratory Wells (Orocobre 85%)
====================================================================
In early September, the Company's South American Salars subsidiary (85%) received authorisation to drill exploratory wells on its Salar de Cauchari property ("Cauchari Project"), located 5 km south of the Company's Olaroz Project in Jujuy province.
In accordance with the project's Environment Impact Assessment ("EIS") addenda the provincial Director of Mines and Energy Resources has approved a limited program that permits drilling and the construction of related access roads. The objective of the program is to delineate a brine body at the Cauchari Project and to allow a resource estimate to be undertaken. The Company's drill program will test the area on the company's leases directly to the south-east of the highest grade part of the brine body drill tested by Lithium Americas Corp. on its Cauchari lithium project.
As previously announced 31 January, 2011, interpretation of the Company's geological and geophysical survey information at the Cauchari Project, combined with publicly released information from Lithium Americas Corp. regarding the extensive testing of its leases, has encouraged Orocobre that there is a potential for the highest grade part of the brine body delineated by Lithium Americas Corp to extend onto South American Salar's Cauchari properties.
South American Salars holds rights to over 30,000 hectares of properties at the Cauchari Project. Although the Company does not anticipate developing a separate lithium-potash processing facility at the Cauchari Project, the Company believes that there is potential to create considerable value by using Cauchari brines at its planned Olaroz Project processing facilities.
This development strategy, would require an Olaroz Project capacity expansion at relatively low incremental capital cost beyond the planned 16,400 tonnes per annum, and will be advanced if the current drilling program validates a brine body extension and a potentially economic resource. Orocobre has been producing battery grade lithium carbonate at its Olaroz pilot plant since early 2011. Further information and mapping of the Salar de Cauchari resource areas is available in Orocobre's 9 September, 2011 news release.
Corporate
=========
Appointment of Vice-President of Corporate Development
In late July, the Company announced the appointment of Mr. Bruce Rose as Vice President, Corporate Development. In this role, Mr. Rose will have overall responsibility for Orocobre's corporate development initiatives and communications with a particular emphasis on investor relations. He is based in Vancouver, British Columbia.
Cash Position
At the end of the quarter, the company had a strong cash position of A$34.2m.
Paul Crawford, Company Secretary
About Orocobre Limited
Orocobre Limited is listed on the Australian Securities Exchange (ASX: ORE) and the Toronto Stock Exchange (TSX: ORL), and is the leading lithium-potash developer in the lithium and potassium rich Puna region of Argentina. For further information, please visit www.orocobre.com.
Technical Information, Competent Persons' and Qualified Persons Statements
The technical information in this announcement has been reviewed and approved the content of this news release by Mr. Neil Stuart. Neil Stuart is a geologist and is a Fellow of The Australasian Institution of Mining and Metallurgy. Neil has sufficient relevant experience 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. He is also a "Qualified Person" as defined in NI 43-101.
Additional information relating to the Company's projects is available in "Technical Report - Salar de Olaroz Lithium-Potash Project, Argentina" dated May 30, 2011, (the Olaroz Report), the "Technical Report - Salinas Grandes Project" dated April 30, 2010 and the "Technical Report - Salar de Cauchari Project, Argentina" dated April 30, 2010, respectively, which have each been prepared by John Houston, Consulting Hydrogeologist, together with, in the case of the Olaroz Report, Mike Gunn, Consulting Processing Engineer, in accordance with NI 43-101.
http://www.finanznachrichten.de/nachrichten-2011-10/21787231…
Trading Spotlight
Antwort auf Beitrag Nr.: 42.129.407 von KaOzz am 23.09.11 19:54:13
Schlusskurs heute > 1 AUD
Der Kurs hat heute bei 0,975 AUD geschlossen (-8,9 %).
Schlusskurs heute > 1 AUD
Der Kurs hat heute bei 0,975 AUD geschlossen (-8,9 %).
Die Aktie ist so billig... das muss ein Traum sein 
Ich hätte nich erwartet, dass die unter die 1,50 AUD fällt und dann so schnell Richtung 1 AUD rauscht
Ich hätte nich erwartet, dass die unter die 1,50 AUD fällt und dann so schnell Richtung 1 AUD rauscht
sie machen vorwärts !
UBS:
2 mal strongbuy und 1 mal buy 
RESS RELEASE: Orocobre Receives Approval for Exploration Drilling at Salar de Cauchari Project
08.09.11 14:31:57- DJPN
BRISBANE, AUSTRALIA--(Marketwire - Sept. 8, 2011) - Orocobre Limited
(TSX: ORL)(ASX: ORE) is pleased to announce that its 85% owned subsidiary, South
American Salars S.A., has received authorization to drill exploratory wells on
its Salar de Cauchari property ("Cauchari Project"), immediately south of the
Salar de Olaroz, in northwestern Argentina's Jujuy province.
In accordance with the project's Environment Impact Assessment ("EIS") addenda
the provincial Director of Mines and Energy Resources has approved a limited
program that permits drilling and the construction of related access roads. The
objective of the program is to delineate a brine body at the Cauchari Project
and to allow a resource estimate to be undertaken. The Company's drill program
will test the area on the company's leases directly to the south-east of the
highest grade part of the brine body drill tested by Lithium Americas Corp. on
its Cauchari lithium project.
As previously announced January 31, 2011, interpretation of the Company's
geological and geophysical survey information at the Cauchari Project, combined
with publicly released information from Lithium Americas Corp. regarding the
extensive testing of its leases, has encouraged Orocobre that there is a
potential for the highest grade part of the brine body delineated by Lithium
Americas Corp to extend onto South American Salar's Cauchari properties.
Further information and mapping of the Salar de Cauchari resource areas is
available on Figure 1.
If the extension of the brine body into Orocobre properties can be shown to be
the case and a resource delineated through this drilling program, the Cauchari
brines could be developed and processed at the planned Olaroz Project
facilities for relatively small incremental capital cost. This development
strategy would require a capacity expansion of the Olaroz processing facilities
beyond the currently planned production rate of 16,400 tonnes annually of
battery grade lithium carbonate. Due to the similar brine type, the potential
processing route would be expected to be the same as the process developed for
Olaroz, where the company has been producing battery grade lithium carbonate at
its pilot plant for over six months.
Orocobre's Managing Director, Richard Seville, said, "We are delighted that we
have received approval for this important exploratory drilling program at Salar
de Cauchari. We look forward to moving quickly to drill our excellent
exploration targets. We remain confident that there is potential to add
shareholder value by processing Cauchari brines at expanded Olaroz facilities."
UBS:
2 mal strongbuy
und 1 mal buy 
RESS RELEASE: Orocobre Receives Approval for Exploration Drilling at Salar de Cauchari Project
08.09.11 14:31:57- DJPN
BRISBANE, AUSTRALIA--(Marketwire - Sept. 8, 2011) - Orocobre Limited
(TSX: ORL)(ASX: ORE) is pleased to announce that its 85% owned subsidiary, South
American Salars S.A., has received authorization to drill exploratory wells on
its Salar de Cauchari property ("Cauchari Project"), immediately south of the
Salar de Olaroz, in northwestern Argentina's Jujuy province.
In accordance with the project's Environment Impact Assessment ("EIS") addenda
the provincial Director of Mines and Energy Resources has approved a limited
program that permits drilling and the construction of related access roads. The
objective of the program is to delineate a brine body at the Cauchari Project
and to allow a resource estimate to be undertaken. The Company's drill program
will test the area on the company's leases directly to the south-east of the
highest grade part of the brine body drill tested by Lithium Americas Corp. on
its Cauchari lithium project.
As previously announced January 31, 2011, interpretation of the Company's
geological and geophysical survey information at the Cauchari Project, combined
with publicly released information from Lithium Americas Corp. regarding the
extensive testing of its leases, has encouraged Orocobre that there is a
potential for the highest grade part of the brine body delineated by Lithium
Americas Corp to extend onto South American Salar's Cauchari properties.
Further information and mapping of the Salar de Cauchari resource areas is
available on Figure 1.
If the extension of the brine body into Orocobre properties can be shown to be
the case and a resource delineated through this drilling program, the Cauchari
brines could be developed and processed at the planned Olaroz Project
facilities for relatively small incremental capital cost. This development
strategy would require a capacity expansion of the Olaroz processing facilities
beyond the currently planned production rate of 16,400 tonnes annually of
battery grade lithium carbonate. Due to the similar brine type, the potential
processing route would be expected to be the same as the process developed for
Olaroz, where the company has been producing battery grade lithium carbonate at
its pilot plant for over six months.
Orocobre's Managing Director, Richard Seville, said, "We are delighted that we
have received approval for this important exploratory drilling program at Salar
de Cauchari. We look forward to moving quickly to drill our excellent
exploration targets. We remain confident that there is potential to add
shareholder value by processing Cauchari brines at expanded Olaroz facilities."
siehe da, sie machen Fortschritte
ORL TSX $1.72 +0.15 +9.55% volume 478,300
Orocobre Reports Progress on its Flagship Salar de Olaroz Project
BRISBANE, AUSTRALIA, Aug 30, 2011 (MARKETWIRE via COMTEX News Network) --
Orocobre Limited (TSX: ORL)(ASX: ORE) -
Highlights
-- Due diligence process by Toyota Tsusho and JOGMEC has been completed
without material issues arising
-- Terms of arrangements with Toyota Tsusho expected to be completed in 4Q
2011
-- Approval received from UGAMP on EIS addenda, updating previously
approved EIS with DFS results
-- Strong local support for project is evident, with Orocobre actively
engaged to obtain final provincial government approval
-- Detailed engineering work continues with SKM
ORL TSX $1.72 +0.15 +9.55%
volume 478,300 Orocobre Reports Progress on its Flagship Salar de Olaroz Project
BRISBANE, AUSTRALIA, Aug 30, 2011 (MARKETWIRE via COMTEX News Network) --
Orocobre Limited (TSX: ORL)(ASX: ORE) -
Highlights
-- Due diligence process by Toyota Tsusho and JOGMEC has been completed
without material issues arising
-- Terms of arrangements with Toyota Tsusho expected to be completed in 4Q
2011
-- Approval received from UGAMP on EIS addenda, updating previously
approved EIS with DFS results
-- Strong local support for project is evident, with Orocobre actively
engaged to obtain final provincial government approval
-- Detailed engineering work continues with SKM
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