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

Bacanora MInerals granted 30-year licence for lithium deposit in Germany

Zinnwald covers 256.5 hectares in southern Saxony and borders a raft of car and downstream lithium chemical business
picture of charger
Zinnwald is close to a number of German car makers

Bacanora Minerals Ltd  (LON:BCN CVE:BCN) has been granted a mining licence for its Zinnwald joint venture in Germany, putting it on track to have two lithium mines in operation.

Zinnwald covers 256.5 hectares in southern Saxony and borders key German automotive and downstream lithium chemical industries.

READ: Bacanora secures access and surface rights for flagship Sonora lithium project in Mexico

The licence is for 30 years and has been issued by the Saxony State Mining Authority.

A feasibility study is underway to demonstrate Zinnwald can produce higher value downstream lithium for battery and car use and is expected to be completed in mid-2019

Drilling so far has seen four of out of 15 planned infill drilling holes  completed while bulk samples at the historic mine at the site have now been sent for testing.

Concentration and hydrometallurgical testwork will test to its suitability for higher value lithium battery chemical products.

READ: Bacanora Minerals keen to start building at Sonora lithium deposit in Mexico

Peter Secker, chief executive,  said, "The issue of the mining licence is a key milestone for Zinnwald where various workstreams for the Feasibility Study are well advanced. 

“In Zinnwald and Sonora, Bacanora has, in our view, two world class assets, which have the potential to provide significant supplies of lithium products.”

Sonora is a lithium deposit in Mexico where Bacanora expects a feasibility study to be completed this year.

At Zinnwald, Bacanora currently has a 50% stake with an option to acquire the remaining 50% of the project.  

View full BCN profile View Profile

Bacanora Minerals Ltd Timeline

Related Articles

Wolf quarterlies highlight progress with Hemerdon tungsten project
January 31 2017
Wolf has restructured debt and secured a firmer hold on its operating Hemerdon tungsten project in Devon
Golden Arrow Resources continuing towards production in Argentina
October 03 2017
In May, the group formed a joint venture, which combines the Chinchillas project with Silver Standard's producing Pirquitas operation in Argentina
electric car
August 08 2017
Most graphite companies either hunkered down in an ill-conceived attempt to ride out the storm..

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© 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