Orocobre see Lithium increase in Cauchari

Company News

by Rachael Jones

Orocobre (ASX:ORE) has an updated resource estimate for the Company’s Cauchari Joint Venture Project in Argentina based on the Phase II drilling results.

The resource at Cauchari has seen an increase to 3.0 megaton Lithium Carbonate Equivalent for the 2017/2018 programme.

The exploration program is being managed by JV partner Advantage Lithium Corp. who hold 75 per cent of Cauchari.
Orocobre owns 29 per cent of Advantage Lithium’s issued capital and 25 per cent directly in the joint venture.

Shares in Orocobre (ASX:ORE) closed down 0.33 per cent to $6.11 yesterday
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.