Bacanora expands Zinnwald potential with licence for previously mined deposit

10th January 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online


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JOHANNESBURG ( – Lithium developer Bacanora has been granted an exploration licence of the previously mined Falkenhaim lithium deposit, in Saxony, Germany.

The licence is about 5 km from Bacanora’s 50%-owned Zinnwald lithium project and has the potential to increase the life of a mine at Zinnwald, the London- and Toronto-listed company reported on Wednesday.

CEO Peter Secker said that the exploration licence was a key milestone for Bacanora’s activities in Germany, as the company seeks to tap into the European battery and automotive sectors.

At Zinnwald, a feasibility study is under way to demonstrate the economic viability of producing higher value lithium products for the battery and automotive markets.

Bacanora reported that it had completed a resource infill drilling programme, comprising 15 infill drill holes and 4 458 m to upgrade the existing resource model in accordance with National Instrument 43-101, earlier than expected on December 27.

Chemical analysis of the drill cores would be completed in the first quarter and the results will be incorporated into a three-dimensional-model of the Zinnwald deposit.

Bacanora also owns the Sonara lithium project, in Mexico. A recently complete feasibility study has assigned the project a net present value of $1.25-billion and an internal rate of return of 26%.

“The recent feasibility study for Sonora demonstrates the company-making potential of our most advanced project.  We are focused on building a portfolio of world class projects, and with this in mind I look forward to providing further updates on the ongoing feasibility study at Zinnwald,” Secker stated.

Edited by Creamer Media Reporter


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