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VAT As the Company advised on 3 April 2017, the process of VAT recovery has accelerated. Approximately US$4.4M of additional VAT refunds were Mortgage broker Oak Laurel West End, 0430 129 662 received by SDJ last week. Taking into account VAT received over the past year, including the amount received last week, approximately US$17.1M of VAT refunds have been received by SDJ to date. All VAT claims through to, and inclusive of, December 2016 have now been received. Further claims of approximately US$4M relating to January and February 2017 have been submitted to the Argentine tax authorities. Refund amounts in US$ are quoted as approximate given they are Argentine Peso denominated. Release of Standby Letters of Credit SDJ repaid US$2M of its working capital facility last week resulting in a release of Standby Letters of Credit (SBLCs) of US$2M on a 100% basis. Orocobre's portion of this release is US$1.45M. The release of the above-mentioned SBLCs as well as guarantees as advised in prior announcements has supplemented Orocobre Group's available cash by US$7.7M. For more information please contact: Richard Seville E: email@example.com About Orocobre Limited Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange ( ORE.AX ) ( ORL.TO ), and Mortgage brokers Oak Laurel West End, 249 Boundary St, West End QLD 4101, 0430 129 662 is building a substantial Argentinian-based industrial chemicals and minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northern Argentina. The Company has built, in partnership with Toyota Tsusho Corporation and JEMSE, the first large-scale, greenfield brine based lithium project in approximately 20 years at the Salar de Olaroz with planned production of 17,500 tonnes per annum of low-cost lithium carbonate. The Olaroz Lithium Facility has a low environmental footprint because of the following aspects of the process: The process is designed to have a high processing recovery of lithium.
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