Welcome to our dedicated page for Lithium South Development Corporation news (Ticker: LISMF), a resource for investors and traders seeking the latest updates and insights on Lithium South Development Corporation stock.
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 (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.
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.
Lithium South Development Corporation (LISMF) announced progress on its drilling campaign at the Hombre Muerto North Lithium Project in Argentina. Two rigs are operational, focusing on the Alba Sabrina claim block, a 2,089-hectare area. Drilling is on schedule, with three holes identified (AS01, AS02, AS03). Hole AS01 reached 270 meters, showing promising assay results. The project, adjacent to a US$840 million lithium mine, aims to expand its resource base. A Preliminary Economic Assessment was completed in April 2019. The company plans to continue drilling to basement rock.
Lithium South Development Corporation has commenced a resource expansion drill program at the Hombre Muerto North Lithium Project in Salta, Argentina. The drill program will cover 2,000 meters on the Alba Sabrina claim block, which spans 2,089 hectares, as part of a larger 5,687-hectare project. A recent TEM Study indicated a halite aquifer roughly 75 meters deep. The company's drilling aims to reach basement rock up to 700 meters deep. Lithium South is also assessing traditional evaporation and Direct Lithium Extraction methods for resource development.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced the finalization of the Environmental Baseline Study for the Hombre Muerto North Lithium Project in Salta, Argentina. The field survey, conducted by E&C Consultores, encompassed data collection on flora, fauna, hydrology, and climate and will support the final Environmental Report due by the end of March. This study is crucial for the future lithium production facility. Additionally, the company is planning a 2,000-meter drill program and advanced test work on lithium extraction methods.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) has announced the completion of road access and drill pads at the HMN Li Project in Salta Province, Argentina, preparing for a significant 2,000-meter drill program. Three drill holes will be executed across three pads, spaced 2.5 km apart, with the largest claim block, Alba Sabrina (2,089 hectares), remaining untested. The company is concurrently assessing lithium recovery methods, including traditional evaporation and Direct Lithium Extraction (DLE), progressing with bulk brine samples tested in California and China.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced a finalized drill plan for the Hombre Muerto North Lithium Project in Salta, Argentina. The program includes three core holes on the Alba Sabrina claim, covering 2,089 hectares. A recent study indicated significant aquifer potential, which could enhance lithium resources. Currently, only 14% of the 5,687 hectares property has been explored. The project is strategically located near major lithium producers, with ongoing evaluations for drilling production wells and alternative lithium extraction methods.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced approval for a drill program at its Hombre Muerto Lithium Project in Argentina. The program is set to begin this month, following recent construction of access roads and drill pads. The project spans 5,687 hectares with significant exploration potential, as only 14% has been explored so far. With lithium carbonate prices at record highs, the Vice President expressed optimism about resource expansion. The drilling aims to explore the Alba Sabrina claim, which has never been drill tested.
Lithium South Development Corporation announces the acquisition of 2,400 hectares near the Hombre Muerto North Lithium Project in Salta Province, Argentina. This strategic addition includes the Sophia I, II, and III claim blocks, located 5 kilometers from the Alba Sabrina claim. The acquisition is expected to provide a potential water source and site for future processing facilities, reducing reliance on existing salar locations. The project is adjacent to land under development by POSCO, which acquired land for $280 million.
Lithium South Development Corporation outlines its 2022 Corporate Plan focused on the Hombre Muerto North Lithium Project in Salta Province, Argentina. The Company aims to expand its lithium resource through a comprehensive drill program and a Feasibility Study. With approximately CDN$ 18 million in working capital, Lithium South is preparing for extensive testing of lithium extraction methods. They also conduct an environmental baseline study and await drill permit approvals. The Company's strategic positioning comes amid record-high lithium carbonate prices.
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