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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 (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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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Lithium South Development Corporation (LISMF) has contracted Minera Santa Rita for road and drill pad construction at the Hombre Muerto North Lithium Project in Salta, Argentina. This follows a recent TEM study indicating three core wells planned for the Alba Sabrina claim block, the largest area within the project, which has never been drilled. The new access roads will span about two kilometers, facilitating drilling aimed at potentially expanding the current resource. The company is also evaluating Direct Lithium Extraction methods alongside traditional evaporation processes.

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Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced progress on the environmental baseline study for the Hombre Muerto North Lithium Project in Argentina, conducted by EC & Asociados. The study has completed the dry season analysis, with results due in early December. The next phase will examine wet season conditions. This study is critical for environmental permitting and a future Feasibility Study. The company is also evaluating Direct Lithium Extraction methods and awaiting drill permit approvals for resource expansion.

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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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