Ahead of the publication of a feasibility study early next year, prospective lithium miner Bacanora Minerals (BCN) this week announced results for the 12-month period to June. Although the figures provided little new operational detail, the company confirmed that its net cash balance stood at C$28.7m (£17.5m) by the end of the period.
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That should comfortably take Bacanora past its forthcoming study aimed at establishing the cost and time required to build an operation capable of producing 35,000 tonnes of battery-grade lithium carbonate a year from a site at Hermosillo, Mexico.
