Orocobre Limited Reports H1 FY21 Results - Seite 2

“Our operating strategy retains a focus on safety, quality and productivity which will improve profitability in the future as prices return to a sustainable level. Cost management remains paramount and we continue to eliminate non-essential spend.

“Construction of our growth projects is progressing at the Naraha Lithium Hydroxide Plant and the Stage 2 expansion of Olaroz. We are now looking to the future with a study into Stage 3 at Olaroz and additional lithium hydroxide production,” he said.

Future pricing

Subject to market and operating conditions Orocobre expects the average sales price for H2 FY21 to be approximately US$5,500 per tonne (FOB)²

This announcement has been approved by the Orocobre Limited Board of Directors

For more information please contact:

Andrew Barber
Chief Investor Relations Officer
Orocobre Limited
T: [phone]
M: [phone]
E: [e-mail]
W: www.orocobre.com

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Notes:

Unless otherwise stated, all financial data in this release is quoted in US Dollars.

Orocobre’s results are reported under International Financial Reporting Standards (IFRS). This report also includes certain non-IFRS financial information, including the following:

• NCI is the non-controlling interest which represents the portion of equity ownership in SDJ PTE
• EBITDAIX is ‘Earnings before interest, tax, depreciation and amortisation, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’
• EBITIX is ‘Earnings before interest, tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’
• EBTIX is ‘Earnings before tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’
• ‘underlying NPAT’ and ‘underlying EBITDAIX’ being statutory profit being adjusted for certain one off and non-recurring items