Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Bacanora Minerals in hurry to prove worth of lithium deposit

Bacanora will move straight onto a definitive feasibility study following a PFS
Bacanora Minerals in hurry to prove worth of lithium deposit
Bacanora has one of the world's largest lithium deposits

Bacanora Minerals (LON:BCN CVE:BCN) will move to prove the commerciality of its huge lithium deposit at Sonora in Mexico as fast as possible, it said today.

A pre-feasibility study got underway during the latest half year to establish the viability of a 35,000 tonnes per annum (tpa) lithium carbonate operation in a two phase process.  

Once this is complete, Bacanora will move straight on to a definitive feasibility study said Peter Secker, the group’s new chief executive.

Results from PFS are due this quarter and, subject to the results, work on the more detailed DFS will follow on immediately.

Secker added that after an £8.8mln placing it is not only fully funded to carry out the DFS but will be able to upgrade its lithium pilot plant in Hermosillo, Mexico.  

“This will allow us to produce battery grade lithium carbonate marketing samples for distribution to potential off-take partners in Europe and Asia later this year.” 

Sonora is one the world’s largest untapped lithium (Li) deposits with an indicated resource of 5Mt contained in 364Mt of clay at a Li grade of 2,600 ppm.

Due to its lightweight nature and effectiveness in energy storage, lithium is an essential element in the manufacture of smart phones and tablets, electric cars and smart grids. 

PhilW.jpg
Why Invest In Bacanora Minerals Ltd? Read More Here

Register here to be notified of future BCN Company articles
View full BCN profile View Profile

Bacanora Minerals Ltd Timeline

Related Articles

Mundoro on the hunt for large copper-gold projects in south-eastern Europe
June 20 2017
Borsko shows huge potential for copper-gold epithermal and porphyry system
6_Traders_at_work_582e3c2af1b55.jpg
November 17 2016
The exercise of options by Pantoro’s managing director provides the company with cash funding and shows that senior management believe in the company’s future.
emmerson-resources_rob-bills-2-highres-757.jpg
May 04 2017
We are joined by Rob Bills, managing director, in Proactive Q&A Sessions™.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use