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Lithium South Dev Corp (LISMF) is a leading company engaged in lithium production and exploration. The company recently completed advanced test work at its Hombre Muerto Norte project in Argentina, aiming to improve lithium production methods and value. With successful tests yielding high-purity lithium compounds and innovative production methods, Lithium South boasts a promising future. The company's expansion of well installation programs and environmental impact reports highlight its commitment to sustainable and efficient operations. With a robust economic model supporting its development plans, including a 15,600-tonne lithium carbonate plant, Lithium South is poised for continued success in the lithium market.
Lithium South Development provides an update on its HMN Li Project in Salta Province, Argentina. The company is harvesting concentrated brine from 10 pilot evaporation ponds that have been operating since December 2022. Approximately 19 cubic meters of brine per Geotank will be transported to Salta for further process validation testing. The evaporative extraction method was chosen as an industry-standard, low-risk process for lithium production. The company is in discussions with potential partners for project development, with a site visit planned for December. A Phase One Environmental Baseline Study has been completed, and the company aims to advance to a Definitive Feasibility Study.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) has announced the completion of Phase I of the Environmental Baseline Study for its Hombre Muerto North Lithium Project in Argentina. The 18-month study, conducted by Knight Piesold Consulting, covers hydrology, hydrogeology, soil quality, flora and fauna, landscape, and socio-cultural impact. This milestone is important for advancing the project towards a projected production of 15,600 tonnes per year of lithium carbonate.
The company is now progressing with Phases II and III of the Environmental Impact Assessment, focusing on basic engineering, detailed environmental impact assessments, mitigation strategies, and stakeholder engagement. Lithium South is also working on a Definitive Economic Assessment, which may potentially increase the project's throughput size.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) has provided an update on its Hombre Muerto North Lithium Project in Argentina. Key developments include:
1. Successful laboratory-scale production of Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine, with a basic button-type battery constructed using the product.
2. Ongoing evaporation test work at the project site for process validation.
3. Plans for a second phase pump test at the Alba Sabrina claim block, using two pumps to evaluate well capacity fully.
4. Ongoing discussions with automotive and lithium industry corporations for potential strategic alliances, including a planned bulk sample site visit in September.
The company is exploring options for producing higher-priced, value-added lithium products, with LiFePO₄ batteries gaining popularity in the EV and utility-scale stationary applications markets.
The global lithium industry is experiencing significant growth, with reserves and resources surging 52.2% to 303.5 million metric tons in Q1 2024 compared to three years ago. Lithium South Development (TSXV:LIS) (OTC:LISMF) filed a new Preliminary Economic Assessment (PEA) for its Hombre Muerto North Lithium Project, revealing an after-tax NPV of US$938 million and an IRR of 31.6%. The company also updated its NI 43-101 technical report, showing a 175% increase in lithium resources to over 1.58 million tonnes of LCE.
Other industry developments include Sigma Lithium 's 40% upgrade in proven and probable reserves, Lithium Ionic Corp.'s $11 million financing for its Brazilian projects, Albemarle 's agreement to increase production quota in Chile, and Standard Lithium 's partnership with Equinor ASA for a potential $160 million investment.
Lithium South Development (LISMF) announced updates on its Hombre Muerto North Lithium Project (HMN Li) at the Alba Sabrina claim block. The pumping well PW23-AS-02 is currently operating at 25 liters per second, with sediment contamination gradually clearing. Full results are expected by the end of May.
The company is engaging with several interested parties in the lithium industry for potential financial support and project participation. A recent three-day site visit by a lithium project developer indicates ongoing discussions about the project's potential.
Additionally, the private placement announced on May 22, 2024, has seen significant interest and is expected to close soon.
Lithium South Development has filed a Preliminary Economic Assessment (PEA) on SEDAR for their Hombre Muerto North Lithium Project in Argentina. The report shows a Net Present Value of US$938 million, an Internal Rate of Return of 31.6%, and a 2.5-year payback period, supporting the development plans for a lithium carbonate plant.
Lithium South Development has filed a Preliminary Economic Assessment report on SEDAR for its Hombre Muerto North Lithium Project in Argentina. The report supports plans for a 15,600 tonnes per year lithium carbonate plant with strong financial projections, including a Net Present Value of US$938 million and an Internal Rate of Return of 31.6%.
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