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.
Company Overview
Lithium South Development Corporation (LISMF) is a dynamic company operating in the high-potential lithium mining sector of Argentina, in the heart of the famed lithium triangle. The company holds a 100% interest in the Hombre Muerto North Lithium Project (HMN Li Project), which spans a series of salar claim blocks, including the expansive Alba Sabrina block. With a storied history in the region, the project capitalizes on the legacy of lithium production in the Salar del Hombre Muerto and the supportive presence of neighboring developments. Utilizing industry leading technologies and extensive technical expertise, Lithium South is transitioning from its traditional exploration roots into a full-scale lithium development enterprise.
Technical and Operational Excellence
The company has demonstrated significant progress through a series of advanced technical initiatives. A flagship achievement is the successful drilling and commissioning of pumping well PW23-AS-02, which extends to a depth of 400 meters at the Alba Sabrina claim block. Detailed down-hole geophysical surveys, including resistivity, ultrasonic wave, and nuclear magnetic resonance measurements, have been executed by specialized service providers. These tests provide crucial insights into the brine’s porosity and specific yield characteristics, which are fundamental in driving the efficiency of the extraction process.
Innovative Process Development
Laboratory and on-site test work underscore Lithium South’s commitment to innovation. The company has successfully explored two alternative processing methods that extend beyond conventional solar evaporation. One route demonstrated the production of a super-concentrated Lithium Chloride (LiCl) brine with remarkable recovery rates, while another process involved the integrated extraction and purification of bulk lithium carbonate using boron solvent extraction, achieving near battery grade purity. Recent experiments have even examined the direct production of Lithium Iron Phosphate (LiFePO₄) from concentrated brine, highlighting the company’s forward-thinking approach to creating higher value-added lithium products. These initiatives not only validate the technological backbone of the HMN Li Project but also position the company to adapt to evolving market demands and production challenges.
Project Development and Resource Potential
At the core of Lithium South’s operations is the HMN Li Project, a comprehensive asset that has delineated a National Instrument 43-101 compliant resource across multiple claim blocks, notably Alba Sabrina, Natalia Maria, and Tramo. The project area, continuously refined by rigorous exploration and test work, presents a significant Lithium Carbonate Equivalent resource. Detailed Preliminary Economic Assessments (PEA) and resource evaluations by reputable independent engineering consulting firms form the basis for the development plans. The operational strategy involves using a well-established solar evaporation technique coupled with modern high-capacity pumping systems and advanced geophysical assessments to ensure robust production metrics.
Strategic Positioning within the Lithium Sector
Lithium South’s operations are strategically situated amidst a competitive landscape that includes several high-profile lithium developments. The company is surrounded by major projects of US$ multibillion scale, providing a context that enhances its market relevance. Through progressive well installations, phased testing programs, and comprehensive environmental baseline studies, Lithium South showcases a structured and methodical approach to capturing value in the lithium extraction industry. This commitment to detailed process validation and resource assessment reflects the company’s focus on sustainable and efficient production methods, adhering to industry standards and fostering trust among technical experts and stakeholders alike.
Operational Highlights and Market Relevance
- Robust Test Work: Extensive laboratory and field testing, including evaporation and liming test work, confirm the project’s viability and operational resilience.
- Innovative Extraction Methods: Exploration of alternative routes such as direct lithium iron phosphate (LiFePO₄) production demonstrates the firm’s capacity to innovate within traditional extraction frameworks.
- Technical Rigor: Compliance with NI 43-101 standards and involvement from seasoned consultants enhances the credibility and robustness of project data.
- Strategic Development: The company's transition from exploration to development is underpinned by detailed environmental assessments and strategic capital arrangements, including Letters of Intent with reputable financial entities.
Conclusion
In summary, Lithium South Development Corporation exemplifies the modern approach to lithium resource development through its integration of advanced technical methodologies, innovative processing technologies, and a strong focus on process validation. The company’s methodical progression from exploration to development, underpinned by rigorous testing and strategic environmental and economic assessments, positions it as a well-informed participant in the global lithium market. This detailed and comprehensive overview provides stakeholders with an in-depth understanding of the company’s operations, positioning it as a technically proficient and strategically minded entity in the evolving energy landscape.
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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