Bacanora Minerals Ltd Board Change (1495V)
January 26 2017 - 2:01AM
UK Regulatory
TIDMBCN
RNS Number : 1495V
Bacanora Minerals Ltd
26 January 2017
26 January 2017
Bacanora Minerals Ltd
('Bacanora' or the 'Company')
Board Change
The Board of Bacanora, the Canadian and London-listed (TSX-V:
BCN and AIM: BCN) company focused on developing the Sonora Lithium
Project ('Sonora' or 'the Project') in Mexico into a world class
lithium carbonate operation, announces that Mr. Kiran Morzaria, a
Non-executive Director of the Company, has stepped down with
immediate effect to focus on his other business interests.
The Board would like to thank Kiran for the valuable personal
contribution he has made in assisting with the development of
Sonora, which is currently the subject of a Feasibility Study for a
35,000 tpa lithium carbonate operation. The Company is evaluating
candidates with the relevant experience to complement its Board, as
it focuses on advancing Sonora towards the construction and
production phases.
**ENDS**
For further information, please contact:
Bacanora Minerals Peter Secker, CEO info@bacanoraminerals.com
Ltd.
--------------------- --------------------------- --------------------------
Cairn Financial
Advisers LLP, Sandy Jamieson/Liam +44 (0) 20
Nomad Murray 7213 0880
--------------------- --------------------------- --------------------------
Numis Securities
Ltd, John Prior/James +44 (0) 20
Broker Black/Paul Gillam 7260 1000
--------------------- --------------------------- --------------------------
St Brides Partners,
Financial PR Frank Buhagiar/ Elisabeth +44 (0) 20
Adviser Cowell 7236 1177
--------------------- --------------------------- --------------------------
Macquarie Capital
(Europe) Limited, +44 (0) 20
Corporate Adviser Raj Khatri 3037 2000
--------------------- --------------------------- --------------------------
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. The
Sonora Lithium Project, which consists of ten mining concession
areas covering approximately 100 thousand hectares in the northeast
of Sonora State. The Company, through drilling and exploration work
to date, has established an Indicated Mineral Resource (in
accordance with National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101")) of 4.5 million
tonnes (lithium carbonate equivalent) and 2.7 million tonnes
Inferred. A Pre-Feasibility Study completed in Q1 2016 demonstrated
the positive economics associated with becoming a 35,000 tpa
lithium carbonate and 50,000 tpa SOP producer in Mexico. The
Company is led by a team with lithium expertise which have proven
mine development, construction and operational experience.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAOKPDDBBKBKDB
(END) Dow Jones Newswires
January 26, 2017 02:01 ET (07:01 GMT)
Bacanora Lithium (LSE:BCN)
Historical Stock Chart
From Apr 2024 to May 2024
Bacanora Lithium (LSE:BCN)
Historical Stock Chart
From May 2023 to May 2024