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LITHIUM SOUTH DEV CORP - LISMF STOCK NEWS

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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 provides an update on the exploration program and Mineral Resource Estimate for the Hombre Muerto North Lithium Project in Argentina. Initial results show potentially drainable brine with specific yields ranging from 8.9% to 38.6%. The updated Resource Estimate is being prepared by Groundwater Insight Inc. The geological setting of the project areas is described, highlighting the regional variability of salar deposits.
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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.

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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.

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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.

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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.

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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.

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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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Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced ongoing drill results from the Hombre Muerto North Lithium Project in Salta Province, Argentina. The resource expansion drill program includes seven core holes, revealing a wider salar channel than initially expected. Notable findings from Hole AS05 include a lithium brine zone of 185 meters with assays showing lithium concentrations of 434 mg/L, 725 mg/L, and 701 mg/L. The drill program aims to expand the known resource, with the company optimistic about the results impacting overall resource estimates positively.

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Lithium South Development Corporation has released promising drilling results from its Hombre Muerto North Lithium Project in Argentina. Hole AS01 showed an average lithium concentration of 722 mg/L over a 240 m zone, while Hole AS03 reported an average of 751 mg/L over a 140 m zone. The ongoing drilling campaign now includes four wells, with two rigs on site. Preliminary results support the expansion of the lithium resource. The project is adjacent to a significant lithium mine being developed by POSCO, enhancing its strategic importance in the lithium industry.

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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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