Bacanora Lithium Share Discussion Threads

[wrtmf] 12/2/2016 13:16

indeed almost half the quarter behind us... awaiting feasibility study....

[sandeep67] 12/2/2016 09:44

Interims 3march and PFS due Q1...building 10k positions now

[wrtmf] 31/1/2016 12:04

1/3 of quarter behind us... awaiting feasibility study....

[casablanca4] 23/1/2016 00:45

I hold on expectations but its AIM.
Wake me when it doubles.

[ftangftang] 20/1/2016 07:28

The Only Commodity Going Up In Price in 2016
by KEITH SCHAEFER on JANUARY 19, 2016



cheers
ft ft

[ftangftang] 18/1/2016 11:01

The year of the battery: clean energy
Lithium’s spot price in China is going up faster than the speedometer of a Tesla Roadster. It hints at rising excitement about lithium-ion batteries, both for electric cars and electricity grids. Electric-vehicle sales in China, though less than 1% of the total fleet, are rising rapidly. In America, they softened last year as petrol became cheaper. But this year Tesla will start mass-producing lithium-ion batteries at its “Gigafactory” in Nevada; greater economies of scale in battery technology will help reduce cost and improve performance. And not just for cars. Power plants too are starting to use batteries to regulate supply, and to help smooth out the intermittency of wind and solar energy. There is still a long way to go: fossil fuels will provide the vast bulk of energy for decades to come. But the lithium-ion battery is one of the most promising (and under-appreciated) technologies of our time.



cheers
ft ft

[dosser2] 18/1/2016 09:16

LoL Andrbea!

[andrbea] 18/1/2016 08:44

Bacanora’s shares jumped on the news—though analysts noted that shipping fine white powder across the United States border would need careful handling.

Jan 16th 2016

[deherrerra] 17/1/2016 10:31

Very good research note from Edison on REM - gives lots of information on Sonora
edisoninvestmentresearch.com/?ACT=18&;ID=15667

[footrot355] 15/1/2016 19:03

jimb2 extrapolation of that nature is misleading; the majority of that 5 million target will not be performance vehicles, more likely hybrid and mass produced smaller vehicles more probably requiring a 4 kg lithium content battery. You may want to read this old report to give you a better idea of possible Lithium requiremnt.

hxxp://www.greencarreports.com/news/1099081_china-built-25000-electric-cars-hybrids-in-june-alone-this-year

[footrot355] 15/1/2016 19:03

jimb2 extrapolation of that nature is misleading; the majority of that 5 million target will not be performance vehicles, more likely hybrid and mass produced smaller vehicles more probably requiring a 4 kg lithium content battery. You may want to read this old report to give you a better idea of possible Lithium requiremnt.

hxxp://www.greencarreports.com/news/1099081_china-built-25000-electric-cars-hybrids-in-june-alone-this-year

[jimb2] 12/1/2016 19:28

Chinese 5-year plan coming out in March for the next 5-years mandates a switch to electric propulsion for cars to reduce pollution in the large cities. The Chinese are actually targeting 5 million units a year by 2020

Video link from earlier post:



If each car takes 20kg of lithium that will be 100,000 tonnes

current global production is 180,000 tonnes

[jimb2] 12/1/2016 19:27

Chinese 5-year plan coming out in March for the next 5-years mandates a switch to electric propulsion for cars to reduce pollution in the large cities. The Chinese are actually targeting 5 million units a year by 2020

Video link from earlier post:



If each car takes 20kg of lithium that will be 100,000 tonnes

current global production is 180,000 tonnes

[essential] 12/1/2016 13:28

Looking very strong technically so opened a position.. We shall see..

[raysor] 12/1/2016 10:05

Numerous sources, including the Yorkshire Evening Post, report on the Stanford University non-flammable lithium-ion battery breakthrough.

Bullish?

[ftangftang] 08/1/2016 15:34

tipped today in moneyweek
''the year of the lithium battery'' BUY rec for BCN p24
cheers
ft ft

[ftangftang] 08/1/2016 15:32

General Mining Corporation Ltd (ASX: GMM) has seen its share price soar 5,800% since early January 2015, adding another 7.3% today to trade around 29.5 cents.

That makes the resources company by and far the best performer on the ASX in 2015, well ahead of gold miner St Barbara Ltd (ASX: SBM) with a gain of 988%, Bellamy’s Australia Ltd (ASX: BAL) with a gain of nearly 700%, Adacel Technologies Limited (ASX: ADA) 680% and Netcomm Wireless Ltd (ASX: NTC) with a share price rise of 584%.

General Mining looks set to become Australia’s next lithium producer, with mining at the Mt Cattlin spodumene and tantalum operations expected to commence in April 2016 (spodumene is a mineral containing lithium).

General Mining has an agreement with Galaxy Resources Limited (ASX: GXY) to be the sole operator of Mt Cattlin for 3 years with both companies set to benefit from the restart of mining.

Demand for lithium is soaring, with iron ore giant Rio Tinto Limited (ASX: RIO) reportedly wanting to join the party. Lithium prices have soared from around US$4,900 a tonne in early 2015 to around US$10,000 a tonne recently. According to analysts, the northern hemisphere winter has crimped production of lithium in China, creating a shortage, and prices could continue rising.



cheers
ft ft

[deherrerra] 06/1/2016 07:30

RNS Number : 9394K
Bacanora Minerals Ltd
06 January 2016

Bacanora Minerals Ltd.

("Bacanora" or the "Company")

Filing of Technical Report

Bacanora, the Canadian and London listed company (TSX-V: BCN and AIM: BCN)
that is developing the Sonora Lithium Project1 in northern Mexico (the "Sonora
Lithium Project"), is pleased to announce the filing of a Technical Report
("Report") in respect of the Sonora Lithium Project . The Report has been
prepared in accordance with National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101") and is entitled, NI 43-101
Mineral Resource Estimate for Sonora Lithium Project, Mexico, December 2015.
The lead author of the Technical Report is Mr. Martin Pittuck (MSc., C.Eng.,
MIMMM), who is a "Qualified Person" within the meaning of NI 43-101 and the
AIM Rules for Companies, and is independent of the Company. The Report has
been filed on SEDAR and is also available for download on the Company's
website.

The Report provides detail in relation to the Company's Mineral Resource
Statement ("MRE") for its lithium properties as detailed in the announcement
dated 23 November 2015. These properties consist of its 100 per cent. owned
La Ventana lithium concession and the El Sauz, El Sauz 1 and Fleur concessions
which are held by Mexilit S.A. de C.V. ("Mexilit"). Mexilit is owned 70 per
cent. by Bacanora and 30 per cent. by Rare Earth Minerals PLC ("REM") (AIM:
REM).

The table below shows the MRE for the Sonora Lithium Project with an effective
date of 19 November 2015. The MRE has been classified in accordance with the
terminology, definitions and guidelines given in the Canadian Institute of
Mining, Metallurgy and Petroleum ("CIM") Definition Standards for Mineral
Resources and Mineral Reserves (May 2014) and has been reported in accordance
with NI 43-101, by the Qualified Person, Mr. Martin Pittuck (MSc., C.Eng.,
MIMMM).

The updated MRE for the Sonora Lithium Project was reported using a cut-off
grade of 450 ppm lithium and was contained within a pit shell based on
reasonable optimisation parameters and lithium selling price agreed between
SRK and Bacanora. The updated MRE comprises an Indicated Mineral Resource
estimated at 364 Mt, averaging 2,600 ppm Li for 5.0 Mt of LCE, in addition to
an Inferred Mineral Resource estimated at 355 Mt averaging 2,000 ppm Li for
3.9 Mt of LCE.

In addition to the MRE, a further conceptual target of 300 to 350 Mt, at a
grade of Li of approximately 1,500 to 2,500 ppm was estimated within a pit
shell run using all classified and unclassified blocks within the model. This
target is considered worthy of further exploration in order to increase the
quantity of classified Mineral Resource down-dip. If these figures were
converted to a Mineral Resource via successful drilling and exploration, it is
estimated that this could represent an additional 2.4 to 4.6 Mt of LCE at the
Sonora Lithium Project. It must be noted however, that the potential quantity
and grade of this target is conceptual in nature, that there has been
insufficient exploration to define a mineral resource and that it is uncertain
if further exploration will result in the target being delineated as a mineral
resource.

1 The Sonora Lithium Project is comprised of the following lithium properties:
La Ventana lithium concession, which is 100 percent owned by Bacanora; El Sauz
and Fleur concessions, which are held by Mexilit S.A. de C.V. ("Mexilit"); and
the Megalit concession, which is held by Megalit S.A de C.V ("Megalit").
Mexilit and Megalit are owned 70 percent by Bacanora and 30 per.cent. by Rare
Earth Minerals Plc.

Table 1: Mineral Resource Statement for the Sonora Lithium Project as of 19
November 2015

Classification Concession Owner Geological Unit Clay Tonnes (Mt) Clay Grade (Li ppm) Contained Metal (Kt Li) Contained Metal(Kt LCE) Contained LCEattributable to Bacanora (Kt LCE)
Indicated La Ventana Minera Sonora Borax Lower Clay 75 3,500 261 1,385 1,385
Upper Clay 66 1,500 99 523 523
El Sauz Mexilit Lower Clay 60 2,900 174 924 647
Upper Clay 47 1,100 52 274 192
Fleur Lower Clay 60 4,300 258 1,365 956
Upper Clay 50 1,600 81 428 300
El Sauz1 Lower Clay 4 4,000 15 80 56
Upper Clay 3 1,200 3 18 13
Indicated Total Combined 364 2,600 943 4,997 4,070

Inferred La Ventana Minera Sonora Borax Lower Clay 55 3,800 209 1,108 1108
Upper Clay 80 1,500 120 636 636
El Sauz Mexilit Lower Clay 85 1,600 136 721 505
Upper Clay 55 800 44 233 163
Fleur Lower Clay 20 4,200 84 445 312
Upper Clay 20 1,500 30 159 111
El Sauz1 Lower Clay 20 4,000 80 424 297
Upper Clay 20 1,200 24 127 89
Inferred Total Combined 355 2,000 727 3,853 3,220



Notes:

1. LCE is the industry standard terminology for, and is equivalent to,
Li2CO3. 1 ppm Li metal is equivalent to 5.32 ppm LCE / Li2CO3. Use of LCE is
to provide data comparable with industry reports and assumes complete
conversion of lithium in clays with no recovery or process losses.

2. Mineral Resources are not Mineral Reserves and do not have demonstrated
economic viability. All figures are rounded to reflect the relative accuracy
of the estimate and have been used to derive sub-totals, totals and weighted
averages. Such calculations inherently involve a degree of rounding and
consequently introduce a margin of error. Where these occur, SRK does not
consider them to be material.

3. The reporting standard adopted for the reporting of the MRE uses the
terminology, definitions and guidelines given in the CIM Standards on Mineral
Resources and Mineral Reserves (May 2014) as required by NI 43-101 and JORC.

4. The Mineral Resource statement is reported on 100 per cent basis for all
project areas and the portion of LCE that is attributable to Bacanora is also
stated for clarity.

5. SRK assumes the Sonora Lithium deposit to be amenable to surface mining
methods. Using results from initial metallurgical test work, suitable
surface mining and processing costs, and an optimistic forecast LCE price SRK
has reported the Mineral Resource at a cut-off 450 ppm Li (2,400 ppm LCE).

6. SRK completed a site inspection of the deposit by Mr. Martin Pittuck,
MSc, C.Eng., MIMMM, an appropriate "independent qualified person" as such
term is defined in NI 43-101.

INFORMATION IN REGARDS TO DISCLOSURE FOR UK RESIDENTS

As the Company is traded on both AIM in the United Kingdom and the TSXv in
Canada, it relies on certain exemptions for the delivery of continuous
disclosure information to our shareholders. In order to ensure that
shareholders receive information as promptly as possible we would ask that
those shareholders resident in the UK ensure they are registered through CREST
so that continuous disclosure material can be delivered through the systems
used in the UK as opposed to Canada. For information please contact our
Investor Relations Group at [e-mail].

Qualified Person: Martin Pittuck, MSc., C.Eng., MIMMM of SRK Consulting (UK)
Ltd., is a Qualified Person pursuant to NI 43-101 and the AIM Note for Mining
and Oil and Gas Companies who has reviewed and approved the technical contents
of this news release.

For further information please contact:

Bacanora Minerals Ltd. Peter Secker, CEO [e-mail]
Cairn Financial Advisers LLP, Nomad Sandy Jamieson / Liam Murray [phone]
HD Capital Partners Ltd, Broker Philip Haydn-Slater / Paul Dudley [phone]
St Brides Partners, Financial PR Adviser Hugo de Salis / Frank Buhagiar / Elisabeth Cowell [phone]


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 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 5.0 Mt LCE contained in 364 Mt of clay at a Li grade of 2,600 ppm
and an Inferred Mineral Resource of 3.9 Mt LCE contained in 355 Mt of clay at
a Li grade of 2,000 ppm; and

· The Magdalena Borate Project, covering 16,503 hectares in Sonora state,
Mexico, where the Company's main borate zone, El Cajon, has an Indicated
Resource (in accordance with NI 43-101) of 1.17 mt 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.

This information is provided by RNS
The company news service from the London Stock Exchange

[wrtmf] 05/1/2016 15:18

faraday future revealed its concept car in the last day or so....

[from afp]
Sampson said Faraday intends to move "very fast" on its plans and has already announced a $1 billion factory to be built near Las Vegas.

In just 18 months since its founding, Faraday has 750 employees and intends to produce its first car within two years.

Faraday will move fast because it will act "more like a technology company than an automotive company," Sampson said.

At the event, Faraday confirmed a "strategic partnership" with China-based media and tech firm Letv, but did not provide details bout its ownership or even indicate who is its chief executive.

The company told AFP that its investors include Chinese billionaire Jia Yueting, founder of Letv, which is sometimes described as the Netflix (Xetra: 552484 - news) of China.

Faraday Future employees include former executives from Apple (LSE: 0R2V.L - news) , BMW (Swiss: BMW.SW - news) , Google, NASA, Tesla and other prominent firms.

Faraday is exploring "new types of ownership" for the vehicles, Sampson said, without elaborating.

Earlier, he told AFP the company was looking at shared ownership options and added that "ownership models will change over time."

Based in California, Faraday Future announced its factory plans in early December, saying it would be a "first phase" for the new company, which is yet to get a vehicle on the road.

The facility is "something more than an ordinary 'assembly line,'" according to its announcement, and will include three million square feet (280,000 square meters) "for passionate creators and diligent visionaries, where new concepts will be refined and implemented."

It (Other OTC: ITGL - news) will create 4,500 jobs in the region -- the same area where Tesla is building a major new battery manufacturing facility.

While Faraday Future has often been compared with Tesla, Sampson said he does not see the company created by tech entrepreneur Elon Musk as a rival.

"We compete with companies selling gasoline cars," he said. "Tesla in some respects we should consider as our allies, not our competitors (Other OTC: UBGXF - news) ."

[andrbea] 05/1/2016 11:25

Mexico comes out top


In one of his graphs he says 'In the long run, Mexico may support the lowest sustainable price (for battery cell production)'. Reasons: low cost of labour; low cost of capital

hxxp://cleantechnica.com/2016/01/05/7-10-lithium-ion-battery-supply-chain-charts/

[casablanca4] 04/1/2016 23:44

The only way is up!

[qackers] 04/1/2016 22:46

Nice rise today against the market

[jimb2] 02/1/2016 13:22

Absolutely terrible, the worst researched article ever?

Has Amanda been socialising with TW?




Scroll to 12:20

Rick Rule

He refers to an annual report by SQM the worlds number one, it's only two years old!
Since then they have major issues with the government in Chile, the railroad hase been dsetroyed that could take 18 months to repair, world demand is rising and prices in China are up x2+ in one year.

Not only that BCN are clearly aiming to be number 2, Sonora has resource, power, rail, port links and water, $20m in the bank, off-takers lined up to form the basis for funding the mining operation.

They are using the worlds top consultants and have an industry experienced board.

Zak Mirs tips BCN as his number one 2016
Daily mail Tipis BCN 'lithium boom' 2016