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Deutsche Lithium granted exploration licence

By BFN News | 07:44 AM | Wednesday 10 January, 2018


Bacanora Minerals' 50%-held Deutsche Lithium has been granted an exploration licence covering 295 hectares of the previously mined Falkenhain lithium deposit in southern Saxony, Germany. Bacanora said Falkenhain - which is located within 5km of the company's 50%-owned Zinnwald lithium project - had the potential to increase the life time of a mine at Zinnwald. The company also said that it had published a new corporate presentation and corporate video on its website following the recent publication of a feasibility study which estimated a net present value of US$1.25bn and internal rate of rReturn of 26% for the Sonora lithium project in Mexico. The corporate presentation is available on the company's website at www.bacanoraminerals.com Story provided by StockMarketWire.com

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