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Lithium South Expands Production Well Drill Program

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Lithium South Development announces significant progress at Well PW23-AS-02 on its Hombre Muerto North Lithium Project. The company successfully cleared the well of sediment, leading to the flow of clear brine with strong artesian characteristics, indicating potential for enhanced brine extraction rates. An 80-kilowatt pump has been contracted to maximize these benefits.
Lithium South Development annuncia significativi progressi nel pozzo PW23-AS-02 nel suo Progetto di Litio Hombre Muerto Nord. La compagnia ha efficacemente rimosso il sedimento dal pozzo, permettendo così il flusso di salamoia limpida con marcata pressione artesiana, indicando un potenziale per tassi di estrazione della salamoia migliorati. È stata stipulata una contrattazione per una pompa da 80 kilowatt per massimizzare questi benefici.
Lithium South Development anuncia un progreso significativo en el pozo PW23-AS-02 de su Proyecto de Litio Hombre Muerto Norte. La compañía logró limpiar el pozo de sedimentos, lo que llevó al flujo de salmuera clara con fuertes características artesianas, indicando un potencial para tasas de extracción de salmuera mejoradas. Se ha contratado una bomba de 80 kilovatios para maximizar estos beneficios.
리튬 사우스 디벨롭먼트는 옴브레 무에르토 노르테 리튬 프로젝트의 PW23-AS-02 우물에서 중요한 진전을 발표했습니다. 회사는 우물에서 침전물을 성공적으로 제거하여 강한 지압 특성을 가진 맑은 용액의 흐름을 이끌어내어, 용액 추출률을 향상시킬 잠재력을 나타냈습니다. 이러한 이점을 극대화하기 위해 80킬로와트 펌프가 계약되었습니다.
Lithium South Development annonce des progrès significatifs sur le puits PW23-AS-02 de son Projet de Lithium Hombre Muerto Nord. La société a réussi à dégager le puits des sédiments, ce qui a permis l'écoulement d'une saumure claire avec des caractéristiques artésiennes fortes, indiquant un potentiel pour des taux d'extraction de saumure améliorés. Une pompe de 80 kilowatts a été contractée pour maximiser ces avantages.
Lithium South Development meldet bedeutende Fortschritte beim Brunnen PW23-AS-02 in seinem Lithiumprojekt Hombre Muerto Nord. Das Unternehmen hat erfolgreich das Sediment aus dem Brunnen entfernt, was zum Fluss von klarer Sole mit starken artesischen Eigenschaften führte und auf ein Potenzial für verbesserte Soleförderungsraten hindeutet. Eine 80-Kilowatt-Pumpe wurde beauftragt, um diese Vorteile zu maximieren.
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VANCOUVER, BC, April 18, 2024 /PRNewswire/ -- Lithium South Development Corporation (the "Company or Lithium South") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to announce significant progress at Well PW23-AS-02 on its flagship Hombre Muerto North Lithium Project (HMN Li Project), which is the first pumping well to be located at the Alba Sabrina claim block. Spanning 2,089 hectares, Alba Sabrina is the largest claim block in the HMN Li Project package and a key component of the corporation's lithium development efforts.

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Recent efforts at Well PW23-AS-02, have successfully cleared the well of sediment, leading to the flow of clear brine with strong artesian characteristics. These developments suggest potential for enhanced brine extraction rates. To maximize these benefits, an 80-kilowatt pump, significantly larger than the initially planned 50-kilowatt pump, has been contracted for the HMN Li Project.

Adrian F. C. Hobkirk, President and CEO of Lithium South Development Corporation states, "These developments on the Alba Sabrina claim block could potentially enhance our operational capacity.  The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.  We're excited about the future and are committed to delivering value to our shareholders and contributing responsibly to the global energy transition."

In response to these developments, Lithium South has decided to significantly expand its well installation program. This expansion includes an additional well of up to 400 meters at the Alba Sabrina block and three more within the adjoining Norma Edith and Viamonte blocks, subject to a 50/50 brine share with neighbor POSCO.

Concurrently, the technical team is preparing the biannual Environmental Impact Report, incorporating the expanded drilling plans. This report, essential to the strategic objectives of Lithium South, will be submitted by the end of April.

About Lithium South

Lithium South owns 100% of the HMN Li Project located in Salta and Catamarca Provinces, Argentina, in the heart of the lithium triangle.  The Salar del Hombre Muerto has a history of lithium production, with Arcadium Lithium (as a result of the Alkem and Livent merger) in operation for over twenty-five years, in an area just south of the HMN Li Project.  The HMN Li Project is surrounded by a US$4 billion lithium development under construction by POSCO (Korea) and the Sal de Vida Project under development by Arcadium. Exploration work to date has delineated a National Instrument 43-101 compliant 1,583,200 tonne Lithium Carbonate Equivalent ("LCE") Resource (See Note 1 Below) on the Alba Sabrina, Natalia Maria, and Tramo claim blocks , three of five non-contiguous blocks that make up the HMN Lithium Project.  A recent Preliminary Economic Assessment announced on March 04, 2024 and with report to follow,  delineates the exciting potential of the 15,600 tonne per year lithium carbonate project.  With pumping well installation underway, Lithium South is transitioning from being a lithium explorer to becoming a lithium developer.

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, CPG, a Consulting Geologist and Qualified Person under NI 43-101 contributed to the production of this press release and approves of the technical and scientific information contained herein.

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

Note 1: A report titled Updated Mineral Resource Estimate – Hombre Muerto North Project, NI 43-101 Technical Report Catamarca and Salta, Argentina, Mark King, PhD, PGeo, Peter Ehren, M.Sc, MAusIMM, September 5th, 2023.

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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Cision View original content:https://www.prnewswire.com/news-releases/lithium-south-expands-production-well-drill-program-302120083.html

SOURCE Lithium South Development Corporation

FAQ

What is the significance of the progress at Well PW23-AS-02 for Lithium South Development ?

The progress at Well PW23-AS-02 indicates potential for enhanced brine extraction rates, with the flow of clear brine with strong artesian characteristics.

What is the size of the Alba Sabrina claim block in Lithium South's Hombre Muerto North Lithium Project?

The Alba Sabrina claim block spans 2,089 hectares, making it the largest claim block in the HMN Li Project package.

Who is the President and CEO of Lithium South Development ?

Adrian F. C. Hobkirk is the President and CEO of Lithium South Development

What pump size has been contracted for the HMN Li Project?

An 80-kilowatt pump, significantly larger than the initially planned 50-kilowatt pump, has been contracted for the HMN Li Project.

LITHIUM SOUTH DEV CORP

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