22nd Oct 2014 07:00
Bacanora Minerals Ltd.
("Bacanora" or the "Company")
Appointment of Hatch Engineering Consultants
Further to the update announcements, dated 1 and 15 October 2014, in relation to the design of a 50,000 tonnes per annum of lithium carbonate plant, and the design of 25,000 tonnes per annum boric acid plant respectively, Bacanora is pleased to announce that it has appointed Hatch Pty Ltd ("Hatch") as its engineering consultant for both the Sonora Lithium Project and the Magdalena Borate Project in northern Mexico.
Hatch is a multi-disciplinary engineering company and is known internationally for its capabilities in the provision of studies, engineering design and construction management services for lithium and boron chemical plants. Hatch has project experience in more than 150 countries around the world and has more than US$35 billion in projects currently under management.
Colin Orr-Ewing, Chairman of Bacanora, commented:
"We are very pleased with this appointment. Hatch has extensive experience in the lithium and boron sectors working with some of the largest producers in the world. This experience will be invaluable as we continue to progress both our projects."
Enquiries please contact:
|
|
Bacanora Minerals Colin Orr-Ewing, Non-Executive Chairman Shane Shircliff, CEO
|
+44 (0) 20 3696 2410 +1 (403) 237 6122 |
Cairn Financial Advisers LLP, Nomad Sandy Jamieson / Liam Murray
|
+44 (0) 20 7148 7900 |
HD Capital Partners LLP, Broker Philip Haydn-Slater / Paul Dudley
|
+44 (0) 20 3551 4870 |
Buchanan, Financial PR Adviser Bobby Morse / Gordon Poole/ Louise Mason |
+44 (0) 20 7466 5000 |
ABOUT HATCH:
Hatch has been working with some of the largest producers and projects of lithium and boron compounds in the world. Notable experience includes Hatch recently designing, constructing and commissioning Galaxy Resources' 17,000 tonnes per annum battery grade lithium carbonate plant in Jiangsu. Hatch will work alongside Bacanora's current metallurgical and plant design consultant to advance both projects.
ABOUT BACANORA:
Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium and borates. The Company's operations are based in Hermosillo in northern Mexico and it currently has two significant projects under development in the State of Sonora. The two main assets of Bacanora are:
· The Sonora Lithium Project, which covers ten mining concession areas in North East Sonora State. The Company, through drilling work to date, has established a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Indicated Resource of 3.26 million tonnes of lithium carbonate equivalent at a 2,000 ppm cut-off grade; and
· The Magdalena Borate Project in Sonora State, Mexico, where the Company's main borate zone, El Cajon, has a NI 43-101 compliant Indicated Resource of 1.17 million tonnes of B2O3, at an eight per cent. cut-off grade. The Company has completed a number of measures to determine the geological and commercial potential of the project and is undertaking a pre-feasibility exercise to determine the economic benefit of developing the mine and constructing a processing plant on site in order to become a supplier of boric acid.
Related Shares:
BCN.L