Bacanora Minerals Ltd

Bacanora Minerals is an AIM and TSX listed company focused on becoming a large scale producer of battery grade lithium carbonate With the global lithium-ion battery market expected to soar from $17.5 billion to $70 billion by 2020, the demand for lithium is set to increase dramatically in the short to medium term. This is predominantly being driven by the automotive industry although renewable battery storage technology will also play a significant part in this growth. To this end, the Company is rapidly commercialising the world class Sonora Lithium Project in Mexico which benefits from a large, scalable and high grade lithium resource NI 43-101 Indicated Resource. A PFS has been completed, highlights the attractive economics of producing up to 35,000 tonnes per annum of battery grade Li2CO3 at Sonora and estimates a pre-tax Internal Rate of Return (‘IRR’) of 29% (post tax 25%) and an associated Net Present Value (‘NPV’) of US$776M, (8% discount rate).

Bacanora has a vision to become a large scale producer of high grade lithium through the development of the world-class Sonora Lithium Project in Mexico.At Sonora, the Company is focused on completing a Bankable Feasibility Study for a 35,000 tpa Li2CO3 operation by Q1 2017, after which detailed design and site preparation work will commence in Q2 2017. The PFS completed at Sonora has also highlighted strong potential upside through the production of up to 50,000 tpa of potassium sulphate for sale to the domestic Mexican fertiliser industry.