6th Jan 2016 09:25
LONDON (Alliance News) - Bacanora Minerals Ltd said Wednesday that it has filed a technical report in regards to the Sonora Lithium Project in northern Mexico, providing details in relation to the company's mineral resource statement for its lithium properties.
In November last year, Bacanora reported a mineral resource update for the project, including indicated lithium resources of 5.0 million tonnes lithium carbonate equivalent contained in 364 million tonnes of clay at a lithium grade of 2,600 parts per million.
Rare Earth Minerals, which owns a 17.19% stake in Bacanora, also noted the report filing Wednesday.
Shares in Bacanora were up 1.0% at 79.25 pence Wednesday morning, whilst Rare Earth Minerals was up 4.0% at 0.842 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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