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The Transaction further consolidates Orocobre’s leading position within the region as a low-cost producer of lithium chemicals. Orocobre is currently the largest shareholder in Advantage, with 34.7% interest, as well as Advantage Lithium’s partner at its flagship Cauchari lithium project with 25% interest. Based on the closing price of Orocobre shares on the ASX of A$3.29 this equates to a value of approx.

Advantage Lithium is a lithium explorer and developer with top tier management and an international portfolio of quality assets. Orocobre is currently the largest shareholder in Advantage, with 34.7% interest, as well as Advantage Lithium’s partner at its flagship Cauchari lithium project with 25% interest.Cauchari contains 4.8M tonnes of Measured and Indicated lithium carbonate equivalent resource, and inferred LCE resource of 1.5M tonnes, plus a Measured and Indicated potash resource of 14.9M tonnes.Orocobre said that the integration of Cauchari with the company’s own Olaroz project would enable Orocobre to deliver optimal basin management and would maximise the long-term productive capacity of the Olaroz/Cauchari basin. NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING AND MANAGEMENT INFORMATION CIRCULAR . On November 23, 2016, the Company announced an agreement and partnership with Orocobre – one of Argentina’s leading lithium producers. Orocobre Limited (Orocobre or the Company) is pleased to announce that it has entered into a definitive agreement (the Agreement) pursuant to which Orocobre will acquire 100% of the issued and outstanding shares of Advantage Lithium Corp. (Advantage) that it does not already own.This transaction (the Transaction) will allow Orocobre to continue to develop the Olaroz/Cauchari basin in a cost-effective manner that will optimise extraction of the resource to the benefit of shareholders, local communities, the Provincial and National governments of Argentina, and other stakeholders.Orocobre shareholders will gain exposure to the 4.8 million tonnes (Mt) of Measured and Indicated Resources and 1.5 Mt of Inferred Resources (expressed as lithium carbonate equivalent) at Cauchari developed by the Advantage and Orocobre joint venture as detailed in the The Transaction further consolidates Orocobre’s leading position within the region as a low-cost producer of lithium chemicals. ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS OF ADVANTAGE LITHIUM CORP. TO BE HELD ON APRIL 14, 2020 .

As a leading company in Argentina's “Lithium Triangle”, Orocobre has built the first large–scale, de novo brine based lithium project in over 20 years at its flagship Salar de Olaroz resource.Orocobre Limited (ORE:ASX ORL:TSX), a dynamic global lithium chemicals supplier, has conducted an online webcast briefing regarding financial results for the half-year ended 31 December 2019 (H1 FY20).Orocobre Limited (Orocobre or the Company) is pleased to announce that it has entered into a definitive agreement (the Agreement) pursuant to which Orocobre will acquire 100% of the issued and outstanding shares of Advantage Lithium Corp. (Advantage) that it does not already own.Beijing will cut smog levels further this year by putting more new energy vehicles (NEV) on its roads, reducing diesel-fuelled truck numbers and tightening its supervision of vehicle emissions and refined oil products, the city said on Thursday. ADVANTAGE LITHIUM CORP. and . This transaction enabled these high potential assets to be developed and advanced without need for any further input of capital or management time by Orocobre.The Cauchari JV project is a 25/75 joint venture between Orocobre and Advantage The Cauchari JV contains 4.8 million tonnes (Mt) of Measured and Indicated Lithium Carbonate Equivalent (LCE) resource, 1.5 Mt of Inferred LCE resource and 14.9 Mt of Measured and Indicated Potash (KCl) resource.Cauchari’s successful drilling program has seen some of the deepest holes drilled in the Cauchari-Olaroz basin to date, with the Cauchari resource remaining open at depth and to the south.During Q4 FY19 Advantage announced the engagement of WorleyParsons Chile S.A. who, in conjunction with independent resource consultants FloSolutions S.A.C., will complete a Pre-Feasibility Study (PFS) on the Cauchari JV project.

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