Orocobre: Cauchari Drilling Update

Orocobre provides the following update on the brine sampling of diamond core holes CAU20 and CAU21 in the NW Sector of the Cauchari joint venture property located in Jujuy province, Argentina.

Orocobre (ASX: ORE, TSX: ORL) provides the following update on the brine sampling of diamond core holes CAU20 and CAU21 in the NW Sector of the Cauchari joint venture property located in Jujuy province, Argentina.

As quoted in the press release:


  • These results from CAU20 and CAU21 demonstrate the Phase III infill drilling and resource conversion program is on track to deliver Measured and Indicated Resources by early 2019
  • Systematic brine sampling completed in holes CAU20 and CAU21 respectively averaged 629 mg/l lithium and 4,537 mg/l potassium from 113-318 m depth and 607 mg/l lithium and 4,691 mg/l potassium from 125-265 m in the north of the NW sector
  • Drill holes encountered predominantly sandy sediments and gravels that are expected to have high drainable porosity and excellent permeability to support high pumping rates
  • Holes confirm the continuity of the brine body between previous drill holes in the NW Sector CAU17, CAU18, CAU07 and CAU16
  • Very low Mg/Li ratios of 2.1:1 and 2.2:1 respectively, and low SO4/Li ratios of 24:1 and 23:1 respectively, similar to that demonstrated during pumping of CAU07 – excellent for conventional brine processing
  • CAU24, completed in the southern portion of the NW Sector, confirms that brine resources continue over a 20 km distance north to CAU18 and are generally contained in the permeable sand dominated units.

Click here for the full text release

Petratherm Limited Announces Filing of Early Warning Report Related to the Disposition of Common Shares of Outback Goldfields Corp.

Petratherm Limited (ASX: PTR) (“Petratherm”) announces that it has filed an early warning report (the “Report”) announcing that it has disposed of 33,333,333 common shares (the “Disposed Shares”) of Outback Goldfields Corp. (CSE:OZ) (formerly, Skarb Exploration Corp.) (“Outback Goldfields“). Petratherm acquired the Disposed Shares as consideration for the sale of its gold projects located in Victoria, Australia. Unless permitted under securities legislation, Petratherm must not trade the common shares before April 16, 2021. Following the expiry of this restriction period, Petratherm distributed all of the Disposed Shares in specie to its shareholders effective today. Following the disposition of the Disposed Shares, Petratherm holds nil shares of Outback Goldfields.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by Petratherm.

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Once the merger is complete, the new company will become a top five lithium chemicals company globally — and top three outside of China — with production capacity of around 40,000 tonnes of lithium carbonate equivalent per year.

“The merged entity’s growth opportunities in both brine and hard rock position it uniquely to take advantage of expected rising EV demand for lithium,” Galaxy Chairman Martin Rowley said.

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This is where conscious investors look to the cleantech sector, which covers everything from renewable energy to low-emission technologies to water technology to battery storage and more.

What should investors know about cleantech in Australia before they jump in? Read on for a look at key factors, including market size, the industries encompassed by cleantech and big players to watch.

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The announcement can be viewed at:

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