18.9 C
Supported byspot_img

Bacanora Minerals gets licence for Zinnwald project, Germany

Member of Europium Groupspot_img
Supported byspot_img

Bacanora Minerals subsidiary Deutsche Lithium has secured a mining licence for its Zinnwald lithium project located in southern Saxony, Germany.

The 30-year licence, covering 256.5ha, has been granted by the Saxony State Mining Authority.

The project is located in a granite hosted Sn/W/Li belt that was previously explored bygranite-hostedin search of tin, tungsten and lithium.

Supported by

Based on recent testwork, it has been determined that the Zinnwald ores can be used to produce several downstream lithium products.

Bacanora Minerals CEO Peter Secker said: “The issue of the mining licence is a key milestone for Zinnwald where various workstreams for the feasibility study are well-advanced.

“In Zinnwald and Sonora, Bacanora has, in our view, two world-class assets, which have the potential to provide significant supplies of lithium products to the strategically important European and Asian lithium markets.”

Currently, a feasibility study is underway at the project to develop a strategy to evaluate the commercial viability of producing higher value downstream lithium products for the European battery and automotive sectors.

The study is scheduled to be completed in mid-2019.

As part of an infill drilling programme to upgrade the existing resource model, four out of 15 planned holes have been completed, while the remaining holes are expected to be finished by January next year.

Other works include collection of a 100t bulk ore sample from the legacy mine at Zinnwald to provide samples for metallurgical testwork.

Once the concentration testwork is complete, the company will carry out hydrometallurgical tests for downstream processing in an attempt to produce higher value lithium battery chemical products.

Bacanora has a 50% interest in the Zinnwald project, with an option to wholly own the project through the acquisition of the remaining stake.

Source: mining-technology

Supported byElevatePR Digital

Related News

Progress at Plymouth’s tungsten mine: Final permit secured for production restart

Plymouth’s potential tungsten mine is on track to achieve significant production levels following the approval to commence operations. Tungsten West Plc has secured a...

Elementos pursues acquisition of stake in Iberian smelting for European tin market expansion

Elementos, a tin exploration and development firm, has initiated a non-binding term sheet to potentially acquire up to a 50% interest in Iberian Smelting...

EU corporate sustainability directive: Implications for global supply chains and Africa’s mining communities

On 24 May, the European Union enacted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark legislation requiring large businesses to identify and mitigate...

Rio Tinto defends environmental safety of Serbia’s Jadar lithium project

Rio Tinto announced on Thursday that it had published new environmental studies indicating the safety of its Jadar lithium project in Serbia, which was...
Supported by
Supported by
Supported by
error: Content is protected !!