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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.  

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