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Bacanora Minerals delighted as feasibility study indicates Sonora worth US$1.25bn

Bacanora chief executive Pete Secker

Peter Secker, Bacanora (LON:BCN) chief executive, believes the Mexican deposit can become one of the world's top lithium producers and generate significant returns for shareholders given its low operating costs.
The rate of return is 26% and net present value US$1.25bn while Sonora also has the resources to run for more than 200 years at the projected annual production rate of 35,000 tonnes.

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Bacanora Lithium advancing Sonora debt and equity financing

Peter Secker, chief executive of Bacanora Minerals Ltd (LON:BCN) caught up with Proactive's Andrew Scott to update on financing discussions for the Sonora lithium mine in Mexico. Secker says they're still on track to begin production in the first quarter of 2020 and is expecting...

on 13/4/18

2 min read