Orocobre is dual listed on the ASX and Toronto Stock Exchange. The company is also included in the S&P/ASX 300 Index.
As a leading company in Argentina's “Lithium Triangle”, Orocobre has built the first large–scale, de-novo brine based lithium project in over 20 years at its flagship Salar de Olaroz resource.
Olaroz's EBITDAX was US$7.8M for May/June 2016. In FY16, production capacity of 6,903 tonnes was achieved.
July/August sales revenue was around US$20M, while operating cash cost was US$3,555/tonne. Orocobre has forecast production in FY2017 to be over 15,000 tonnes. Furthermore, expansion studies are on track for a target of 35,000 - 42,500 tonnes (total production).
The company reports that cash flow is positive despite difficult market conditions. Further, the key Brazilian market is showing signs of improvement in volume and price.
