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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.
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Lithium South Development Corporation announces positive results from the independent Preliminary Economic Assessment (PEA) for its Hombre Muerto North Lithium Project, with an after-tax NPV of US$934 million and an IRR of 31.6%. The PEA is based on a 25-year mine life, producing 15,600 tonnes of lithium carbonate per year using solar evaporation technology.
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Lithium South Development Corporation provides an update on the ongoing development of the HMN Li Project in Salta Province, Argentina. The Alba Sabrina Production Well One has been drilled to 340 meters depth and is nearing the target depth of 400 meters. The Preliminary Economic Assessment (PEA) is nearing completion, with an Initial Design Capacity of 15,000 tonnes per year Lithium Carbonate Equivalent.
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Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) signs a landmark agreement with POSCO Argentina SAU, a subsidiary of Pohang Iron and Steel Company, to develop the Hombre North Lithium Project in Argentina. The agreement resolves a historical provincial title issue and allows both companies to access the potential brine in the area. The project spans 3,287 hectares and includes five key claim blocks. The partnership aims to advance lithium extraction and sustainable energy solutions.
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Lithium South Development Corporation reports a 175% increase in lithium resource at its Hombre Muerto North Lithium Project. The updated mineral resource estimate shows a total of 1,583,200 tonnes of Lithium Carbonate Equivalent (LCE) with an average grade of 736 mg/L Li. The resource has a low magnesium to lithium ratio and 90% of it is classified as Measured. The company also expects to achieve a 40% increase in lithium recovery to 70% through an adjusted processing sequence.
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Lithium South Development Corporation installs first production well at HMN Li Project in Argentina. Pump test to begin soon. RFQ issued for exploration of Sophia II and Sophia III claim blocks to confirm water source for lithium production.
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Lithium South Development Corporation has selected Knight Piésold Consulting and JDS Energy & Mining to prepare an updated National Instrument 43-101 Preliminary Economic Assessment (PEA) on its Hombre Muerto North Lithium Project in Argentina. The report will consider the upgraded resource of 1.58 million tonnes Lithium Carbonate Equivalent (LCE) and current market conditions. The Company aims to optimize lithium recovery from 50% to approximately 70%.
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Lithium South Development Corporation appoints Gordon Neal as director
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Lithium South Development initiates drilling campaign at the HMN Li Project in Argentina, with promising early results of lithium concentration exceeding 1,175 mg/L. The upgraded project resource delineates a resource of 927,500 tonnes of LCE within the Alba Sabrina block. Advertising program to be developed by Batteryjuniors.com at a cost of 100,800 Euros.
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Lithium South Development Corporation reports a 175% increase in total lithium brine resources at the Hombre Muerto North Lithium Project in Argentina. The total resource has increased from 571,000 tonnes to 1,583,100 tonnes LCE at an average grade of 736 mg/L lithium with a low average magnesium to lithium ratio of 3.27. The company is pleased with the new resource estimate.
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Lithium South Development Corporation has contracted Well Drilling for the provision of three pumping wells for the HMN LI Project. The program is expected to be undertaken in the immediate future with rig availability in August.
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FAQ
What is the current stock price of LITHIUM SOUTH DEV (LISMF)?
The current stock price of LITHIUM SOUTH DEV (LISMF) is $0.1324 as of October 15, 2024.
What is the market cap of LITHIUM SOUTH DEV (LISMF)?
The market cap of LITHIUM SOUTH DEV (LISMF) is approximately 14.2M.
What is Lithium South's core business?
Lithium South Development Corporation is primarily engaged in lithium production and exploration.
Where is the Hombre Muerto Norte project located?
The Hombre Muerto Norte project is situated in Salta and Catamarca Provinces, Argentina.
What recent achievements has Lithium South celebrated?
Lithium South recently completed successful advanced test work aimed at enhancing lithium production methods and value.
What significant progress has been made at Well PW23-AS-02?
Well PW23-AS-02 at the Alba Sabrina claim block has shown positive developments with clear brine flow and potential for increased extraction rates.
What expansion plans has Lithium South undertaken?
Lithium South has expanded its well installation program to maximize operational benefits and is preparing an environmental impact report.
What financial model results support Lithium South's development plans?
The financial model indicates a Net Present Value after tax of US$938 million, an after-tax Internal Rate of Return of 31.6%, and a 2.5-year payback.
Who is responsible for the completion of the Preliminary Economic Assessment report?
The PEA report was completed by Knight Piesold Consulting and JDS Energy and Mining Inc., independent engineering consulting firms.
What exploratory work has Lithium South conducted regarding lithium production?
Exploration work has delineated a National Instrument 43-101 compliant 1,583,200 tonne Lithium Carbonate Equivalent Resource on the Alba Sabrina, Natalia Maria, and Tramo claim blocks.
How is Lithium South contributing to the global energy transition?
Lithium South is transitioning from being a lithium explorer to becoming a lithium developer, focusing on sustainable and efficient lithium production.
Who are the key personnel involved in Lithium South's operations?
Key personnel include Adrian F. C. Hobkirk, President and CEO, along with consultants and Qualified Persons under National Instrument 43-101.
LITHIUM SOUTH DEV CORP
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