Bacanora Lithium

Bacanora Lithium is an AIM listed company focused on generating shareholder value by identifying and investing in undeveloped lithium assets. The Company is achieving this through its investments in two key projects, the Sonora and Zinnwald Lithium Projects in Mexico and Germany respectively. To capitalise on the fast-growing lithium market, our main focus is to monetise the resources and reserves held in the Sonora Project, which benefits from a large, scalable and high-grade lithium resource with a Measured and Indicated Resource of over 5 million tonnes LCE. This will be initially achieved by developing phase 1 of the mine and processing plant. The Company aims to produce lithium carbonate for sale through offtake partners, with any additional production sold on the open market, in due course. The Company published the Sonora Feasibility Study (SFS) in January 2018 that showed a pre-tax NPV of US$1.25 billion, 26% IRR and an operating cost of around US$4,000 per tonne. Bacan...