Bacanora Releases Preliminary Economic Assessment for Cajon Borate Deposit

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Bacanora Minerals Ltd. (BCN.V) announced the results of a Preliminary Economic Assessment (PEA) on the company's Cajon Borate deposit in Sonora, Mexico.

Net Present Value of the project, discounted at 8%, is US$113 million, assuming an average colemanite concentrate price of US$500/tonne.

"Management is very pleased with the preliminary economic assessment and looks forward to completing additional work for the purpose of advancing the project," the company said in a release.

The full text of the PEA will be filed on SEDAR as a report in compliance with National Instrument 43-101 and will be available on Bacanora's website.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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