RESOURCE EXPANSION DRILL PROGRAM
PRODUCING HIGH GRADE LITHIUM RESULTS
Fueling the power revolution
RESOURCE EXPANSION DRILL PROGRAM
PRODUCING HIGH GRADE LITHIUM RESULTS
Fueling the power revolution
Fueling the power revolution
Lithium South is developing its Hombre Muerto North Lithium Project to supply future demand. The resource expansion program at the Alba Sabrina claim block is returning exceptional lithium results. The Company objective is to potentially expand the current NI 43-101 lithium resource to 2 million tonnes Lithium Carbonate Equivalent.
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
SOLID NI 43-101 LCE RESOURCE – .57 MT at 765 mg/l Li on Tramo Claim
PROJECT – Located within the lithium triangle known for lithium production
FEASIBILITY – Low-cost evaporation process favorable and environmental studies underway for Feasibility Study.
PILOT PLANT – Construction underway for lithium production.
Project Highlights
MOVING TO FEASIBLITY
- Solid high-quality brine resource of 571,000 tonnes LCE
- Eight claim blocks totaling 5,687 hectares and 100% owned by LIS
- Preliminary Economic Assessment completed 2019 on 5,000 TPA LCE
- Current expansion drill program targets 2 million tonnes LCE
- Two drill rigs on site for a four-hole program at Alba Sabrina claim block
- Process test work ongoing to produce battery grade lithium carbonate
- Permits in place and EIA imminent
- Feasibility study to be completed 2023 based on upgraded resource size
- Proven evaporation technology for lithium recovery
Recent Drill Results
- Hole AS01 seven samples range from 693 mg/L Li to 744 mg/L Li
- Hole AS01 hole lithium average is 722 mg/L Li
- Hole AS01 brine zone is defined across a 240 m zone
- Hole AS03 five samples collected, two assays received
- Hole AS03 two assays 749 mg/L Li and 752 mg/L Li
- Hole AS03 hole lithium average is 751 mg/L Li
- Hole AS03 brine zone is defined across a 140 m zone
- Drilling will begin on newly added hole AS02
Proven Evaporation Technology for Lithium Recovery
Traditional Evaporation Advantage
- Brine Resource – High Li Grade – 747 ppm. Concentration ideal for evaporation
- Lithium Process Test Work – Current evaporation test work to produce battery grade LCE
- Lithium Recoveries – Anticipated ~ 60 % / subject to QP certification
- Weather Susceptibility – Good weather and zero energy costs to use evaporation
- Resources – Water source and gas pipeline at property
- Environmental – Environmental permitting nearing completion
Lithium South will employ proven evaporation technology
Lithium South developing its flagship HMN Li Project at record speed
- Nov 2017
- June 2018
- July 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.
TRAMO CLAIM DRILL HOLE RESULTS
Lithium South reports results for first and second drill holes on Tramo claim block.
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