New Lithium Extraction Technology
Modernizes Lithium Recovery
Fueling the power revolution
New Lithium Extraction Technology
Modernizes Lithium Recovery
Fueling the power revolution
Fueling the power revolution
The global shift to renewable energy has created increased demand for battery grade lithium. Lithium South is developing its Hombre Muerto North Lithium Project to supply future demand. The Company objective is to move the project to production in the near future, utilizing Direct Lithium Extraction Technology. This new extraction method requires a much smaller environmental footprint, with significantly higher lithium recovery rates.
Our Flagship Lithium Project
Hombre Muerto North
GRADE – One of the highest lithium concentrations of any salar in Argentina
IMPURITES – Low Magnesium to Lithium Ratio
PROJECT – Located within the lithium triangle known for lithium production
INNOVATION – Establishing direct lithium extraction and avoiding the use of large evaporation ponds.
Project Highlights
Mining Friendly Salta Province, Argentina
- History of lithium production
- Mining friendly jurisdiction
- Prime location in
Hombre Muerto Salar - Excellent access with current infrastructure
- Project claim surrounded by Korean giant POSCO
High Quality Brine Resource
- High grade lithium brine – 756 mg/L
- Low Mg/Li ratio – 2.6:1
- M&I Resource of .57 Mt LCE
- Projected mine life of 30 years
- Reduced environmental footprint
- Quality brine equates to lower Capital Expenditure
Solid 2019 PEA Results
- Preliminary Economic Assessment indicates robust economics
- NPV (8% Discount) – US $217 million
- CAP EXPENDITURE – US $98 million
- IRR (post-tax) – 28%
- PAY BACK (from production) – 2 years, 5 months
- Pre-feasibility underway
- Current LCE market price considerably higher than 2019
Qualified Proven Team
- Very strong technical lithium experience
- Office and laboratory located in Salta, Argentina
- World renowned, Vijay Mehda, technical consultant and qualified person
- Dr. Mark King, a Qualified Person (QP) under NI 43-101 is supervising the 2022 drill program
Technology Innovation
- Direct Lithium Extraction (DLE), potential industry game changer
- DLE allows recovery without large evaporation ponds
- Potentially, double lithium recovery
- Recovery takes hours, not years
- Reduce production lead time with smaller environmental footprint
- Company evaluating two unique DLE technologies
Staged & Work Completed
- Two production wells drilled and cased
- Environmental Impact Report underway
- TEM survey results confirmed resource expansion potential
- 2022 drill program underway – 3 drill holes (one per pad) 2.5 km apart
- Acquired, Sophia claim block nearby for potential water source and location of future plant and processing facilities
Adoption of NEW Technology in Lithium Brine Extraction
Lithium South is staged to use Direct Lithium Extraction (DLE) technology to remove lithium compounds from brine.
– faster
– less cost
– less water
– less ecological impact
LITHIUM SOUTH – thinking beyond the pond
Lithium South developing its flagship HMN Li Project at record speed
- Nov 2017
- June 2018
- October 2018
- April 2019
- Sept 2020
- April 2021
- May 2021
- July 2021
- October 2021
- Mar 2022
- June 2021
ACQUISITION
Lithium South (formerly NRG Metals) completes acquisition of Hombre Muerto North Lithium Project (HMN Li Project) and issues options.
HIGH GRADE LITHIUM CONFIRMED
Brine sample results of first drill hole confirm high grade lithium – 918 mg/L lithium – at Tramo claim block.
LCE MEASURED & INDICATED MAIDEN RESOURCE
The NI 43-101 resource statement shows an average Lithium Carbonate Equivalent (LCE) of 756 mg/liter lithium, with a low lithium to magnesium ratio of 2.6 to one.
POSITIVE PEA RESULTS
Preliminary Economic Assessment (PEA) completed with positive results for the production of lithium carbonate at the HMN Li Project. Results based on $12,000 tonne LCE.
DIRECT LITHIUM EXTRACTION
Direct Lithium Extraction (DLE) test work initiated. The process under development would potentially shorten lithium recovery time and provide higher recovery of lithium.
99% LITHIUM RECOVERY WITH ION EXCHANGE PROCESS
Lilac Solutions of Oakland California, a lithium extraction company providing technology and services to lithium brine developers, achieves 99% lithium recovery with Liliac’s Ion Exchange Process using Lithium South HMN lithium brine.
BATTERY GRADE Li2CO3 TEST WORK
Lithium Carbonate Equivalent (LCE) battery grade test work initiated with Eon Minerals, Inc. of Salta, Argentina, using Direct Lithium Extraction (DLE) technology with Lithium South HMN brine.
ENVIRONMENTAL STUDY BASELINE SUBMISSION
Company Vice President, Fernando Villarroel is quoted: “We are very pleased with the progress made to date for environmental permitting. Conclusion of the baseline study will provide a key element of the planned Feasibility Study.”
TEM RESULTS CONFIRM RESOURCE EXPANSION
Time Domain Electromagnetic (TEM) study identifies additional lithium resource potential at Alba Sabrina claim block. The Alba Sabrina claim block is the largest block in the package.
ENVIRONMENTAL BASELINE STUDY COMPLETE
Completion of the Environmental Baseline Study is an important milestone for the development of the HMN Lithium Project and a key component toward the completion of a Feasibility Study.
LITHIUM RESOURCE EXPANSION DRILL PROGRAM UNDERWAY
A 2,000-meter drill program that consists of three core wells on the Alba Sabrina claim block. The objective of the program is to potentially expand the current Lithium Carbonate Resource which is defined as 756 parts per million lithium within 571,000 tonnes in the Measured and Indicated Categories with a low magnesium to lithium ratio of 2.6 to 1.0.
The Coming Lithium Revolution
“We’re talking terawatt scale. The goal is complete transformation of the entire energy infrastructure of the world.”
Elon Musk, Bloomberg