Orocobre Limited Opening Ceremony of the Olaroz Lithium Project

Perth, Australia (ABN Newswire) - Orocobre Ltd. (ASX:ORE) (TSE:ORL) ("Orocobre" or "the Company") is pleased to announce that the official opening ceremony of the Olaroz Lithium Project was held on site at Olaroz on December 3, 2014.

Dignitaries attending included Jujuy Province Governor Dr. Eduardo Fellner, National Mining Secretary Eng. Jorge Mayoral, Yoshihiro Miwa, Deputy Director General of the Embassy of Japan in Argentina, Naotaka Adachi, Executive Director of Japan Oil, Gas and Metals National Corporation (JOGMEC) as well as executives from the project JV partners and Mizuho Bank. Cristina Fernandez de Kirchner, President of Argentina participated in the opening ceremony with a special address via video conferencing, offering congratulations to all involved in the achievement at Olaroz. Orocobre was represented by Chairman, James Calaway, Managing Director, Richard Seville and Country Manager, Jose de Castro amongst others. Approximately 400 people attended the opening ceremony including government department representatives, employees, contractors, suppliers and members of the local communities.

A common theme of the speeches made was that the project's success was due to its strong partnerships, its use of local contractors and the teamwork of all those involved. In particular the relationship with, and inclusion of, the local communities in the development plans was highlighted.


Richard Seville Managing Director and CEO of Orocobre said:

"It is almost exactly seven years since we first traded on the ASX on the 4th December 2007 with the hope that our Olaroz lithium project would have real merit. It is hard to believe that in such a short time we have taken Olaroz through exploration, feasibility studies, permitting, financing, construction and now on to the commencement of production. I would like to publicly thank all of the Sales de Jujuy/Orocobre team, our partners TTC and JEMSE, our financiers Mizuho and JOGMEC, our contractors and suppliers and the members of the communities where we operate. We are looking forward to becoming a major reliable supplier of lithium chemicals to worldwide industry."

More images and a video of the opening ceremony are available in the gallery on the Company website.

To view all photographs, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-833430.pdf


About Orocobre Limited:

Orocobre Ltd. is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE) (TSE: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, "greenfield" 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 at the end of Q2, 2014. The Company also wholly-owns Borax Argentina, an important regional borate producer. Orocobre is included in the S&P/ASX 300 Index and was named 2012 Mining Company of the Year by Argentine mining magazine Panorama Minero and the Fundacion para el Desarrollo de la Mineria Argentina ("Fundamin" or Foundation for Development of Argentina Mining).



Contact:

Orocobre Ltd.
Australia and Asia
David Hall, Business Development Manager
T: +61 7 3871 3985
M: +61 407 845 052
E: dhall@orocobre.com

North America
James Calaway, Chairman
M: +1 (713) 818 1457
E: jcalaway@orocobre.com