Bacanora Lithium PLC is focused on building a 35,000 tonnes per annum battery-grade lithium operation in Sonora, Mexico in partnership with its cornerstone investor Ganfeng Lithium.
The Sonora Lithium Project has 8.8 Mt of LCE (lithium carbonate equivalent) resources and open-pit mining potential with ~250-year resource life.
Bacanora has completed a feasibility study for Sonora which has highlighted an NPV of US$1.25B and 26% IRR.