ALIX target $300m lithium neighbours BCN/REM - Also included in the definitive agreement is the right for AIX to be granted a 10% interest in any novel lithium extraction technologies ('LET') used or developed in relation to the Project properties (Tecolote and Tule Concessions) and/or the Sonora Project currently owned by Bacanora Minerals Ltd. and REM, whether patented or not patented..
Drilling and exploration work have established the BCN-REM Sonora Project NI43-101 Indicated Mineral Resource of 1.12 Mt LCE contained in 95 Mt of clay at a lithium grade of 2,200 ppm and an Inferred Mineral Resource of 6.3 Mt LCE contained in 500 Mt of clay at a lithium grade of 2,300 ppm.
Alix and LIT are clearing aiming to develop a production technique to provide the processing for BCN/REM's globally significant lithium resource with an estimated in ground value of $50 billion (David Lenigas - former REM CEO)
THIS IS HUGE NEWS!!!!