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Bacanora, the London and Canadian listed (AIM: BCN, TSXV: BCN) lithium exploration and development company, is pleased to provide an update on its flagship Sonora Project (‘Sonora’) in Mexico, one of the world’s larger lithium resources, where the Feasibility Study (‘FS’) for a 35,000 tpa lithium carbonate (Li2CO3 ) operation is scheduled for completion in late 2017. Li2CO3 is a key component of batery technology used in rapidly-growing industries such as electric vehicles and energy storage. Bacanora is focused on its continuing objective of becoming a significant large scale supplier to these emerging industries and is targeting first production at Sonora in 2019/2020.
Sonora Lithium Project Update
The FSis focused on a two-phase open-pit mine and lithium carbonate processing facility with a life of over 20 years:
· Phase 1: 17,500 tonnes per year of battery-grade Li2CO3 , for the first 2 years
· Phase 2:Expansion to 35,000 tonnes Li2CO3 per year