Ann: Orocobre Ltd - Naraha Lithium Hydroxide Plant Groundbreaking, page-8

With all the delayed and canceled hydroxide plants of late, it was an important milestone. As for Opex of hydroxide vs carbonate - battery grade Li Chemicals require refinement of primary grade Li carbonate so Battery grade Hydroxide / Carbonate delta not too significant
ORE is halfway through construction of the Stage 2 ponds for 42500ktpa production capacity.
Advantage Lithium (ORE economic interest ~50%) is ticking the right boxes. Interesting details that have escaped the attention of most: AAL will be skipping a pilot plant due to ORE's knowledge of the Salar chemistry and operational experience. What grabbed my attention were the significant differences in AALs processing flow sheet plans to ORE S1 - ie Ion exchange technology for both primary and purification circuits - yet no need for a pilot plant. I'll let others join the dots.
While peers stumble getting financing for expansions ORE is forging ahead with measurable progress. Other brine hopefuls are evaluating new extraction technology before proceeding with possible pond hybrid systems. ORE group appears ahead of the game.
Salar geology and extraction processes significantly minimize environmental impacts particularly in comparison to Atacama rivals.
ORE has no exposure to spodumene oversupply or converter availability.
No net group debt. High operating margins. Identical Market Cap punishment to asx lithium peers. No 'Ifs' for ORE just tangible progress.
AIMHO DYOR