Allkem Ltd (fka OROCF)

[douginil]

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OROCOBRE

28 October 2016

ASX/TSX ANNOUNCEMENT
Quarterly Report of Operations for the Period Ended 30 September 2016

HIGHLIGHTS OLAROZ LITHIUM FACILITY (ORE 66.5%)

Sales revenue of US$33.5 million*; representing the first full quarter of commercial production
and up 45% quarter on quarter

Average FOB price received for the September quarter was up 24% from May/June 2016 to US$9,334/tonne. Cash operating costs were US$3,579/tonne resulting in strong operating margins

September quarter production was 3,013 tonnes* with record monthly tonnage of 1,125 tonnes* achieved in September

Sales de Jujuy S.A. self funded a US$12.8 million principal and interest payment for the Mizuho project loan during the quarter

The scoping study for the Olaroz Stage 2 expansion of 17,500 to 25,000 tonnes per annum lithium carbonate equivalent (LCE) is complete, results are being compiled and will be released shortly

* all figures 100% Olaroz Project basis


Read more at:
http://www.orocobre.com.au/PDF/ASX28Oct16_Qtrly%20Report%20Activities-Sep2016.pdf