Bulk Brine Sample Testing / Corporate Update
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 fornisce un aggiornamento sul suo HMN Li Project nella provincia di Salta, Argentina. L'azienda sta raccogliendo brine concentrata da 10 bacini pilota di evaporazione che sono attivi dal dicembre 2022. Circa 19 metri cubi di brine per Geotank saranno trasportati a Salta per ulteriori test di validazione del processo. Il metodo di estrazione evaporativa è stato scelto come un processo a rischio basso e standard del settore per la produzione di litio. L'azienda è in discussione con potenziali partner per lo sviluppo del progetto, con una visita del sito programmata per dicembre. Uno Studio Ambientale di Base di Fase Uno è stato completato, e l'azienda mira a procedere verso uno Studio di Fattibilità Definitivo.
Lithium South Development proporciona una actualización sobre su HMN Li Project en la provincia de Salta, Argentina. La empresa está cosechando salmuera concentrada de 10 estanques de evaporación piloto que han estado operando desde diciembre de 2022. Aproximadamente 19 metros cúbicos de salmuera por Geotank serán transportados a Salta para pruebas de validación de procesos adicionales. Se eligió el método de extracción evaporativa como un proceso estándar de la industria y de bajo riesgo para la producción de litio. La empresa está en conversaciones con posibles socios para el desarrollo del proyecto, con una visita al sitio planificada para diciembre. Se ha completado un Estudio Ambiental Baseline de Fase Uno, y la empresa tiene como objetivo avanzar hacia un Estudio de Viabilidad Definitivo.
리튬 사우스 개발(Lithium South Development)은 아르헨티나 살타 주의 HMN Li 프로젝트에 대한 업데이트를 제공합니다. 이 회사는 2022년 12월부터 운영 중인 10개의 파일럿 증발 연못에서 농축된 브라인을 수확하고 있습니다. 약 19세제곱미터의 브라인이 Geotank당 살타로 운송되어 추가 프로세스 검증 테스트를 진행할 예정입니다. 증발 추출 방법은 리튬 생산을 위한 산업 표준의 저위험 공정으로 선택되었습니다. 회사는 프로젝트 개발을 위한 잠재적인 파트너와 논의 중이며, 12월에 현장 방문이 계획되어 있습니다. 1단계 환경 기준 연구가 완료되었으며, 회사는 확정 가능성 연구로 나아가기를 목표로 하고 있습니다.
Lithium South Development fournit une mise à jour sur son HMN Li Project dans la province de Salta, en Argentine. La société récolte de la saumure concentrée de 10 bassins d'évaporation pilotes qui fonctionnent depuis décembre 2022. Environ 19 mètres cubes de saumure par Geotank seront transportés à Salta pour des tests supplémentaires de validation des processus. La méthode d'extraction par évaporation a été choisie comme un processus standard de l'industrie à faible risque pour la production de lithium. L'entreprise est en discussion avec des partenaires potentiels pour le développement du projet, avec une visite prévue sur le site en décembre. Une étude de référence environnementale de phase un a été complétée, et l'entreprise vise à passer à une étude de faisabilité définitive.
Lithium South Development bietet ein Update zu seinem HMN Li Project in der Provinz Salta, Argentinien. Das Unternehmen erntet konzentrierte Sole aus 10 Pilotverdunstungsbecken, die seit Dezember 2022 in Betrieb sind. Etwa 19 Kubikmeter Sole pro Geotank werden nach Salta transportiert, um weitere Validierungstests des Verfahrens durchzuführen. Die Methode der Verdampfungsextraktion wurde als branchenübliche, risikoarme Methode für die Lithiumproduktion gewählt. Das Unternehmen befindet sich in Gesprächen mit potenziellen Partnern für die Projektentwicklung, mit einem geplanten Standortbesuch im Dezember. Eine Phase-Eins-Umweltgrundlagestudie wurde abgeschlossen, und das Unternehmen zielt darauf ab, zu einer endgültigen Machbarkeitsstudie überzugehen.
- Company is well-funded through 2025
- Completion of Phase One Environmental Baseline Study
- Ongoing discussions with potential development partners
- Project uses proven, low-risk evaporative extraction process
- None.
Bulk Sample of Concentrated Lithium Brine
On site, 10 pilot evaporation ponds have been concentrating since December 2022. The technical team are now harvesting the concentrated brine for removal to Salta. The process will involve the use of Geotanks for each sample of interest, with approximately 19 cubic meters of brine per Geotank. The brine samples will be used for further test work with the objective of process validation. The brine program is being completed under the direct supervision of Mr. William Feyerabend, a Consulting Geologist and Qualified Person under N.I. 43-101. Evaporative extraction was selected by the Company as an industry standard, low risk process for lithium production, as outlined in the Preliminary Economic Assessment filed April 30, 2024, on SEDAR.
Corporate Update
The Company is continuing discussions with interested parties for the potential to cooperate in the development of the HMN Li Project. A site visit is planned for December with one of the interested parties.
Company President and CEO, Adrian F. C. Hobkirk is quoted: "With a solid lithium resource and industry leading brine chemistry, recent M and A activity within the lithium industry underscores the value proposition of the HMN Li Project. With the recent completion of a Phase One Environmental Baseline Study, the Company is hoping to advance the project to a Definitive Feasibility Study. Lithium South is funded well into 2025."
About Lithium South
Lithium South owns
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website: www.lithiumsouth.com
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under NI 43-101 participated in the production of this news release and approves of the technical and scientific disclosure contained herein.
Note 1: A report titled, Updated Mineral Resource Estimate – Hombre Muerto North Project, NI 43-101 Technical Report Catamarca and
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.
This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. We seek safe harbor.
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SOURCE Lithium South Development Corporation
FAQ
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