Joining as non-execs are Andres Antonius, based in Mexico City and a country specialist and former government adviser, while Junichi Tomono is head of the Japanese trading giant Hanwa Co, which recently signed an offtake deal with Bacanora.
They replace James Leahy and Kiran Morzaria.
Bacanora added that the feasibility study at Sonora should be complete by late 2017.
Work currently is focusing on flow sheets, mine design, energy costs and also an update to reflect the sharp rise in lithium prices recently.
“The pricing environment for lithium carbonate has strengthened to close to US$12,000/t from an average of around US$6,000/t in 2015, it said.
Spot prices in spot sales in Japan and China are currently around $15,000/t it added and the feasibility study will include a new long term price forecast.
At Zinnwald, near Dresden, a feasibility study has just got underway with bulk ore sampling work to provide samples for metallurgical testwork to be carried out over the summer.
Solarworld, Bacanora’s 50% partner at Zinnwald, has filed for insolvency but this will not affect either the project or its stake it said.
Pete Secker, chief executive, added: "We are delighted to welcome both Dr. Antonius and Mr. Tomono to our Board and Canaccord Genuity to our advisory team.
“ The addition of individuals with the experience and expertise they have comes at an exciting time for Bacanora, specifically with the FS for Sonora nearing completion and the FS for Zinnwald commencing.
"We expect the Sonora FS to confirm the project's status as a high-quality asset capable of supplying Asian markets with battery grade lithium carbonate for many years to come, and at the same time generating excellent returns for our shareholders.
“Similarly, we believe Zinnwald can become a significant hard rock lithium asset with the potential to serve the fast growing German e-vehicle sector. “
Original Article: http://www.proactiveinvestors.co.uk/companies/news/177780/bacanora-minerals-strengthens-board-as-feasibility-studies-progress-177780.html
