Proactive Investors - Run By Investors For Investors

Bacanora expands potential of Zinnwald with acquisition of new exploration ground

Bacanora continues to consolidate its strong position in the lithium sector
Periodic table
The acquisition could provide more feed for a potential lithium mine at Zinnwald

A 50%-owned subsidiary of Bacanora Minerals Ltd (LON:BCN)(CVE:BCN) has been granted a 295 hectare exploration licence at the previously-mined Falkenhain lithium deposit in southern Saxony, Germany.

Falkenhain lies within 5 kilometres of Bacanora’s Zinnwald lithium project, also 50%-owned. The thinking is that material from Falkenhain could increase the potential mine life at Zinnwald.

READ: Bacanora's 'buy' recommendation reiterated by Liberum

Bacanora’s key asset remains the Sonora lithium project in Mexico, which has a net present value of US$1.25bn, according to a recent feasibility study.

A feasibility study is now also underway at Zinnwald.

"The issue of the exploration licence is a key milestone for Bacanora's activities in Germany,” said Bacanora chief executive Peter Secker.

READ: Bacanora Minerals follows up Sonora feasibility study with Chinese offtake agreement and investment

“Falkenhain will supplement our two significant lithium assets at Zinnwald and Sonora, each of which have the potential to become major suppliers of high value products to fast growing end markets, such as electric vehicles and energy storage, in the strategically important European and Asian lithium markets.“


View full BCN profile View Profile

Bacanora Lithium Ltd Timeline

Related Articles

Picture of high-grade manganese sample
April 12 2018
Mineral Resources' proposed takeover of Atlas Iron indicates that the market for manganese assets is on the rise.
maps of Australia with company projects marked
April 17 2018
Samples from the Mt Read Cobalt Project graded up to 7,800 ppm cobalt.
December 12 2017
The Toronto-listed firm's main asset is the Relief Canyon Mine in Pershing County, Nevada..

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 2018

Proactive Investors 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