New Executive Appointments
On 21 January, 2013 the Company announced the appointment of Mr. Neil Kaplan to the position of Chief Financial Officer and Mr. David Hall to the position of Business Development Manager.
Neil Kaplan brings a wealth of knowledge to the Company with over 20 years of experience in managerial and finance positions obtained on four different continents. Neil's experience in the resources sector was obtained working in executive financial roles for Glencore International and formerly listed Coalcorp Mining, both based in Columbia.
David Hall has extensive business management, market development, marketing and logistics experience in domestic and international chemical and industrial minerals markets across a wide range of products and geographies. David served for 19 years with ICI Australia and Orica Australia in a number of roles in both Brisbane and Melbourne and more recently two years with Queensland Magnesia.
Orocobre Named Argentina's Mining Company of the Year 2012
On 19 November, 2012 the Company announced that it has been named the "Mining Company of the Year 2012" by Argentine mining magazine Panorama Minero and Fundacion para el desarrollo de le Mineria Argentina ("Fundamin"). This prestigious honour was awarded at Panorama Minero's 36th anniversary dinner on 14 November in Buenos Aires.
At the end of the quarter, the company had a strong cash position of A$38.9 million.
About Orocobre Limited
Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX: ORE)(TSX: ORL), and is building a substantial Argentinian-based industrial minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northern Argentina. The Company is building in partnership with Toyota Tsusho Corporation the first large-scale, de-novo brine based lithium project in 20 years at its flagship Salar de Olaroz resource, with projected production of 17,500 tonnes per annum of low-cost battery grade lithium carbonate scheduled to commence in Q2 2014. The Company also wholly-owns Borax Argentina, an important regional borate producer. Orocobre has recently been included in the S&P/ASX 300 Index. For further information, please visit www.orocobre.com.
Technical Information, Competent Persons' and Qualified Persons Statements
The information in this report that relates to Exploration Results or Mineral Resources is based on information prepared by, or under the supervision of Mr. Richard Seville who is a member of the Australasian Institute of Mining & Metallurgy. Mr. Seville is an executive director of Orocobre Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Seville consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
The technical information in respect of the Salar de Cauchari initial resource estimate has been prepared by Murray Brooker of Hydrominex Geoscience. Murray Brooker is a geologist and hydro geologist and is a Member of the Australian Institute of Geoscientists. Murray 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 by Canadian Securities Administrators' National Instrument 43-101. Murray Brooker consents to the inclusion in this announcement of this information in the form and context in which it appears.
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