IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Orocobre Limited (TSX:ORL)(ASX:ORE) is pleased to report that it has produced battery grade lithium carbonate from Salar de Olaroz brines.
Orocobre’s analysis shows that the lithium carbonate is of greater than 99.9% purity* and of higher purity than the specifications for battery grade material sold by existing producers. This material was produced by refining a lower purity product previously produced at the company’s facilities at Olaroz with recirculated brines. As such, the Company considers the material to be representative of what could be expected in commercial production.
Managing Director Richard Seville commented:
“This is a major milestone for the company, and is the result of over 2 years of painstaking process development work. Six months ago we started pilot plant scale production of crude lithium carbonate, and now we are able to produce a value added, refined product which we believe meets cathode manufacturers’ rigorous material specifications.
We considered that it was important to produce “battery grade” lithium carbonate from our facilities as part of our Definitive Feasibility Study and this important milestone has now been achieved.”
Read the full press release here. Photo, provided by Orocobre Limited, is of process development facilities at Salar de Olaroz.
