Orocobre
Encyclopedia
Orocobre Limited is a mineral resource company based in Brisbane
, Australia
. The company's main focus are exploration targets in Argentina
. Since 2007 Orocobre Ltd. is registered at the Australian Securities Exchange
ASX (symbol: ORE) and as of 2010 listed on the (Toronto Stock Exchange) TSX (symbol: ORL).
and Potash
. Drilling and pumptests over major parts of the cateos have been completed. A resource definition to a "Joint Ore Reserves Committee" (JORC) standard is done. Company sources regarding the drilling and test outcomes state an average lithium content of 700ppm and a Magnesium
to Lithium
ratio of 2.8. The amount of potash is stated with 1,3%.
In April 2009 Orocobre announced the maiden resource estimate of project Olaroz with the amount of lithium carbonate to be at least 1.5 million tonnes and at least 4.4 million tonnes of potash (potassium chloride).
In a scoping study published in May 2009 a target production of 15.000 tpa lithium carbonate and 36.000 tpa potash is stated.
, the resources of interest at the Santo Domingo mining area are Copper
, Gold
and Silver
.
In February 2009, Orocobre Ltd. and Argentinean partners launched the joint venture "South American Salars". The objective is a further exploration of salars located in South America.
Brisbane
Brisbane is the capital and most populous city in the Australian state of Queensland and the third most populous city in Australia. Brisbane's metropolitan area has a population of over 2 million, and the South East Queensland urban conurbation, centred around Brisbane, encompasses a population of...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. The company's main focus are exploration targets in Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
. Since 2007 Orocobre Ltd. is registered at the Australian Securities Exchange
Australian Securities Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
ASX (symbol: ORE) and as of 2010 listed on the (Toronto Stock Exchange) TSX (symbol: ORL).
Olaroz
The Salar de Olaroz is a saltlake in the province of Jujuy in northwestern Argentia, close to the Chilean border. Orocobre intends to develop deposits of LithiumLithium
Lithium is a soft, silver-white metal that belongs to the alkali metal group of chemical elements. It is represented by the symbol Li, and it has the atomic number 3. Under standard conditions it is the lightest metal and the least dense solid element. Like all alkali metals, lithium is highly...
and Potash
Potash
Potash is the common name for various mined and manufactured salts that contain potassium in water-soluble form. In some rare cases, potash can be formed with traces of organic materials such as plant remains, and this was the major historical source for it before the industrial era...
. Drilling and pumptests over major parts of the cateos have been completed. A resource definition to a "Joint Ore Reserves Committee" (JORC) standard is done. Company sources regarding the drilling and test outcomes state an average lithium content of 700ppm and a Magnesium
Magnesium
Magnesium is a chemical element with the symbol Mg, atomic number 12, and common oxidation number +2. It is an alkaline earth metal and the eighth most abundant element in the Earth's crust and ninth in the known universe as a whole...
to Lithium
Lithium
Lithium is a soft, silver-white metal that belongs to the alkali metal group of chemical elements. It is represented by the symbol Li, and it has the atomic number 3. Under standard conditions it is the lightest metal and the least dense solid element. Like all alkali metals, lithium is highly...
ratio of 2.8. The amount of potash is stated with 1,3%.
In April 2009 Orocobre announced the maiden resource estimate of project Olaroz with the amount of lithium carbonate to be at least 1.5 million tonnes and at least 4.4 million tonnes of potash (potassium chloride).
In a scoping study published in May 2009 a target production of 15.000 tpa lithium carbonate and 36.000 tpa potash is stated.
Santo Domingo
The Santo Domingo project is located in the province of San Juan in central ArgentinaArgentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
, the resources of interest at the Santo Domingo mining area are Copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...
, Gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
and Silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
.
Other projects
Besides the above projects, Orocobre holds other mining rights.In February 2009, Orocobre Ltd. and Argentinean partners launched the joint venture "South American Salars". The objective is a further exploration of salars located in South America.