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About Lithium South Development Corporation
Lithium South Development Corporation (OTCQB: LISMF) is a resource-focused company dedicated to the exploration and development of lithium brine projects. The company's flagship asset, the Hombre Muerto North Lithium Project (HMN Li Project), is strategically located in the Salta and Catamarca Provinces of Argentina, within the globally renowned "Lithium Triangle." This region accounts for a significant share of the world's lithium production, making it a hub for lithium extraction and development.
Core Business and Operations
The HMN Li Project spans five non-contiguous claim blocks covering approximately 3,287 hectares within the Salar del Hombre Muerto, an area with a history of over 25 years of lithium production. Lithium South owns 100% of the project, which boasts a National Instrument 43-101 compliant resource estimate of 1,583,200 tonnes of Lithium Carbonate Equivalent (LCE). This resource is distributed across the Alba Sabrina, Natalia Maria, and Tramo claim blocks, with the Alba Sabrina block being the largest and most critical to the company's development efforts.
The company is transitioning from being a lithium explorer to a developer, underpinned by its recent Preliminary Economic Assessment (PEA). The PEA outlines plans for a 15,600 tonnes per year lithium carbonate production facility, leveraging conventional solar evaporation techniques. This method is industry-standard, low-risk, and proven for lithium brine extraction, ensuring operational efficiency and economic feasibility.
Strategic Location and Competitive Position
The HMN Li Project is surrounded by major lithium developments, including a US$4 billion project by POSCO and the Sal de Vida Project under development by Arcadium Lithium (a result of the Alkem and Livent merger). This proximity to established and emerging lithium operations enhances the project's strategic value, providing access to infrastructure, expertise, and potential synergies.
Technological Advancements and Value-Added Products
Lithium South is actively exploring innovative lithium recovery methods to enhance efficiency and product value. Recent test work has demonstrated the potential to produce Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine, bypassing the need for lithium carbonate. LiFePO₄ batteries are increasingly favored for electric vehicles and utility-scale energy storage due to their cost-effectiveness, long cycle life, and high power density. This positions the company to tap into growing markets for advanced lithium products.
Environmental and Regulatory Compliance
The company has completed Phase I of its Environmental Baseline Study, a critical step toward obtaining construction permissions. The study evaluates hydrology, soil quality, flora and fauna, and socio-cultural impacts, ensuring the project aligns with environmental and regulatory standards. Phases II and III of the Environmental Impact Assessment are underway, further solidifying the project's development framework.
Market Relevance and Future Outlook
As global demand for lithium continues to surge, driven by the transition to electric vehicles and renewable energy storage, Lithium South Development Corporation is well-positioned to play a pivotal role in the lithium supply chain. Its strong resource base, proven extraction methods, and focus on innovation provide a solid foundation for long-term growth and market relevance.
Lithium South Development Corporation (LISMF) has reported significant lithium findings at the Natalia Maria claim block within the Hombre Muerto North Lithium Project, Argentina. Exploration corehole NM01 yielded an average lithium grade of 1176 mg/L with a low magnesium to lithium ratio of 2.66. Results from seven holes across the Alba Sabrina and Natalia Maria blocks indicate strong potential for enhancing the existing lithium resource. The company is conducting hydraulic testing to evaluate area permeability and future well flow. Groundwater Insight will guide the resource estimation process, as Lithium South moves towards becoming a lithium developer. The Hombre Muerto region has over 25 years of lithium production history, underscoring the project's strategic position.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced significant progress in lithium exploration with the completion of drilling at the Alba Sabrina claim block. The seventh exploration hole, AS07, confirmed brine presence at a depth of 152 meters. Ongoing drilling at the Natalia Maria block has reached 375 meters depth, intersecting brine-bearing sediments. The drilling program delineated a brine sub-basin measuring 1.2 km by 7.6 km, enhancing resource estimates. Alex Stewart Laboratories will analyze samples. The company aims to enhance shareholder value through continued exploration and resource estimation.
Lithium South Development Corporation announced significant drill results from its HMN Li Project in Salta, Argentina. The latest updates include:
- Hole AS03: 663 mg/L Li average, 320 to 752 mg/L Li range.
- Hole AS05: 705 mg/L Li average, 434 to 792 mg/L Li range.
- Hole AS06: 644 mg/L Li average, 525 to 710 mg/L Li range.
The drilling has defined a sub-basin approximately 1.2 km wide by 7.6 km long, with notable brine thicknesses. An updated resource estimate will follow the completion of drilling at the Natalia Maria claim. Company President Adrian Hobkirk expressed satisfaction with the exploration results, anticipating an upgraded lithium resource.
Lithium South Development Corporation announced high-grade lithium results from its drilling campaign at the Hombre Muerto North Lithium Project in Argentina. Hole AS02, drilled to 410 meters, shows lithium concentrations from six samples, with the first four returning values of 569 mg/L to 708 mg/L. The drilling established a deeper portion of the brine basin, confirming the presence of brine from 0 to 405 meters. The project is progressing towards resource expansion, with pending results from additional holes. The Company's President emphasized the potential for significant resource expansion and the positive assay results.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced results from its drill campaign at the Hombre Muerto North Lithium Project in Salta Province, Argentina. The final core well, AS02, reached a depth of 410 meters, uncovering significant brine resources deeper than previous findings. Samples were taken from six depths and sent for analysis to Mendoza, Argentina. The drill program aims to expand existing lithium resources, supported by preliminary results. The HMN Li Project is strategically located near major lithium operations, enhancing its potential value.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) has outlined its accomplishments for 2022 and set goals for 2023. Highlights include the completion of the purchase agreement for the Hombre Muerto North Lithium Project, concluding an Environmental Baseline Study, and initiating a resource expansion drilling program, currently revealing lithium values exceeding 700 mg/L. For 2023, the company aims to finalize its drilling program, produce Lithium Carbonate Battery Grade, and commence a Feasibility Study. Project development continues alongside key environmental and resource assessments.
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