Bacanora Minerals Announces Completion of NI 43-101 Pre-Feasibility Study for Production of 35,000 TPA Lithium Carbonate at Its Sonora Lithium Project, Mexico

CALGARY, ALBERTA–(Marketwired – March 2, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the London and Canadian listed lithium company that is developing the Sonora Lithium Project1 (“Project”) in northern Mexico (“Sonora”), is pleased to announce positive results of a Pre-Feasibility Study (“PFS”) (prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)) for the development of a mine and lithium carbonate (“Li2CO3“) processing facility at Sonora. The PFS estimates a Project pre-tax Internal Rate of Return (“IRR”) of 29% (post-tax 25%) and an associated Net Present Value (“NPV”) of US$776M, (post-tax US$542M) at an 8% discount rate. These results highlight the strong economic potential of producing up to 35,000 tonnes per annum of battery grade Li2CO3 at Sonora. In addition, Sonora has the potential to produce up to 50,000 tonnes per year of potassium sulphate (“K2SO4“), for sale to the fertiliser industry.

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