Business
Bacanora Minerals - Update
Bacanora Minerals - Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 1989U Cadence Minerals PLC 20 October 2017 \n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \nBacanora Minerals Update - Environmental Approval for Sonora Lithium Project \n \nCadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Bacanora Minerals (AIM: BCN, TSXV: BCN) has announced that the Environmental Impact Statement, the Manifestacion de Impacto Ambiental ('MIA'), for its flagship Sonora Project ('Sonora') in Mexico has been approved by SEMARNAT, the Environment Ministry of Mexico. Bacanora Minerals (\"Bacanora\") has also provided an update on its Feasibility Study ('FS') for a 35,000 tonnes per annum lithium carbonate operation at Sonora, which on course for completion in late 2017.\nHighlights\n· MIA approval received for a 35,000tpa lithium carbonate operation at Sonora, following completion of comprehensive environmental and social baseline studies. \n· Approval represents a major milestone for Bacanora and is in line with its strategy to construct an open-pit mine and a large-scale beneficiation processing facility at Sonora. \n· FS expected to confirm Sonora occupies a favourable position in the industry cost curve.\n· Development of a conventional beneficiation process followed by a standard SO4 roasting process that has been de-risked by the Project's pilot plant which has continuously produced battery grade lithium since May 2016.\n· Ability to re-cycle Na2SO4 into the roaster negates the requirement to purchase expensive sulphuric acid as a sulphate SO4 source.\n· Sonora has an Indicated Mineral Resource of 4.5 million tonnes Lithium Carbonate Equivalent (\"LCE\") and 2.7 million tonnes Inferred and Probable Mineral Reserves of 2.1 million tonnes. \nThe full release can be found at: https://www.investegate.co.uk/bacanora-minerals-ld--bcn-/rns/environmental-approval-for-sonora-lithium-project/201710200700021384U/ .\n \nKiran Morzaria, Chief Executive Officer of Cadence, commented:\n\"It is great to see the Progress being made at Sonora, the environmental approvals are a key step in the development of bringing this excellent asset into production. It is ...