OTCPK:BCLMF - Post by User
Post by
Bluebirdson Apr 19, 2016 7:23am
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Post# 24782243
$3m minnow to process lithium for Tesla Suppliers Bacanora?
$3m minnow to process lithium for Tesla Suppliers Bacanora?$3m mcap Alix (V.AIX) news release today provides clue as to how Bacanora will process the lithium required for Tesla supply deal:
https://www.4-traders.com/ALIX-RESOURCES-CORP-1408964/news/Alix-Resources-AND-LITHIUM-AUSTRALIA-ANNOUNCES-DEFINITIVE-AGREEMENT-WORK-PROGRAM-COMMENCING-ON-TH-22194211/ - 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)