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CEO: Bacanora Minerals developing into a “significant lithium producer”

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Published on Mar 3, 2016

Peter Secker, chief executive of Bacanora Minerals (LON:BCN) says the completion of the pre-feasibility study at its Sonora project is “another milestone and another step in the development of the project.”
The PFS estimated an internal rate of return of 29% (post-tax 25%) and an associated net present value US$776mln, (post-tax US$542mln).
“We are continuing to deliver good news and we think we are on the next stage of developing Bacanora into a significant lithium producer,” he says.
The next stage is to search for off take partners, with Secker’s preference for two large off takers on long term supply agreements.

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