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Bacanora Minerals (TSXV:BCN) provided an update on tasks and Milestones related to its Sonora Lithium project in Mexico which it expects to complete over the next 6-7 months.
Bacanora Minerals (TSXV:BCN) provided an update on tasks and Milestones related to its Sonora Lithium project in Mexico which it expects to complete over the next 6-7 months.
As quoted in the press release, upcoming milestones include:
- Commencement of an expansion and infill drilling program at the Sonora Lithium Project which is expected to be followed by a further Mineral resource update and mining design and scheduling;
- Continued optimization of the lithium pilot plant operations and finalization of the process flowsheet designs and mass balances;
- Utilization of the lithium pilot plant flowsheet designs to continue the Pre-Feasibility Study (“PFS”); and
- Production of lithium marketing samples in order to continue discussions with a number of global lithium end user groups and potential off-take partners, with which non-disclosure agreements have been signed.
During this development phase, the Company will continue to grow its project management team in Hermosillo, Mexico, as it builds its internal lithium operating expertise. This team will then lead the Definitive Feasibility Study following the completion of the PFS. At the same time, the project team will continue to finalise the PFS for the Magdalena Borates Project in Sonora State, Mexico, and review potential cashflows from this project as a source of working capital for the Company.
Click here to read the Bacanora Minerals (TSXV:BCN) press release
