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Orocobre Provides Cauchari Drilling Update

10 Jan 2019  |  09:05:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Orocobre Limited - Cauchari Drilling Update

Orocobre provided the following update on the completion of drilling and pumping test activities at the Cauchari JV property located in Jujuy Province, Argentina. Phase III infill drilling and resource conversion program was completed at the end of 2018 with 26 holes drilled in Phase II and III. An updated resource estimate in Q1 CY 2019 is expected to bring current inferred resources into the Measured and Indicated categories. Drilling in the deep sand unit at CAU26 and deeper drilling on the CAU12 and CAU13 platforms confirms an expansion in the unit thickness. Drilling has also expanded the aerial extent of the unit.

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