5th Jun 2015 06:59
LONDON (Alliance News) - Rare Earth Minerals PLC and Bacanora Minerals Ltd on Friday outlined the plans the pair have for the Sonora lithium project in Mexico.
The companies said that in the second half of the year, Bacanora will start an expansion and infill drilling programme at Sonora, which is expected to be followed by a further mineral resource update and mining design and scheduling for the site.
It also will be working on optimising the lithium pilot plant operations for the site and finalising the flowsheet designs and mass balances and will start producing lithium marketing samples in order to further talks with lithium companies and potential offtake partners for the project.
Bacanora owns all of the La Venta concession at Sonora, with Rare Earth holding a 15.4% stake in Bacanora.
By Sam Unsted; [email protected]; @SamUAtAlliance
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Related Shares:
BCN.LRare Earth Metals