Orocobre Ltd. (TSX:ORL,ASX:ORE) released an update on progress at its Olaroz lithium facility, commenting that in January production continued to rise. In total, 699 tonnes of lithium carbonate were produced, up from 272 tonnes in December.
Other highlights include:
- The “de-bottlenecking” programme commenced mid last year was completed.
- Cash operating cost breakeven achieved.
- Production for the March Quarter is forecast to be approximately 2,400 tonnes.
Richard Seville, managing director of Orocobre, commented:
With the debottlenecking programme materially complete, we look forward to concentrating on optimisation activities to continually improve performance month by month. We are greatly encouraged by the rapidly growing lithium market and most importantly the – 3 – support shown by our customers which we sincerely appreciate. We now set our sights on the achievement of the nameplate production rate, forecast for September 2016.
Click here to read the full Orocobre Ltd. (TSX:ORL,ASX:ORE) press release.
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