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
Lithium South Announces PEA Estimate
US$934 Million Dollar NPV with an IRR of 31.6% and a 2.5 year Payback for HMN Lithium Project
Lithium South has advanced the HMN Lithium Project to a PEA based on 15,600 tonnes per year lithium carbonate technical grade production. The PEA results highlight attractive economics associated with the project, including a short payback and exceptional Internal Rate of Return. We look forward to taking the HMN Lithium Project to the next stage of development as quickly as possible.
Preliminary Economic Assessment (PEA)
After-tax NPV8% US$934 Million and IRR of 31.6% and a 2.5 year Payback
Preliminary Economic Assessment (PEA) based on a production rate of 15,600 tonnes of lithium carbonate technical grade per year.
Lithium recovery based on simple and proven solar evaporation technology.
Significant Lithium Resource Expansion
175% INCREASE
- 1.58 MT Lithium Carbonate Equivalent (LCE)
- 90% of Resource in Measured Category
- High-grade, low impurity brine
- High-grade brine average – 736 mg/L Li
- Low magnesium to lithium ratio of 3.27
- Total LCE Resource increased by 175%
Our Flagship Lithium Project
Hombre Muerto North
OWNERSHIP – 100% ownership, no debt
RESOURCE – 1.58 MT Li resource of high quality brine (90% measured)
GRADE – Excellent grade of 736 mg/l Li
IMPURITIES – Low magnesium to lithium ratio of 3.2 to 1
PILOT PLANT – Process test work and pilot plant underway
PRODUCTION WELL – Production well installation underway
FEASIBILITY – Feasibility Study, early 2024
LOCATION – World-renowned Hombre Muerto salar in Argentina, surrounded by successful operators and multi-billion-dollar lithium mines
CEO CORPORATE UPDATE
Adrian Hobkirk, CEO of Lithium South shares Company Overview on September 12, 2023.
SECOND PHASE RESOURCE EXPANSION DRILLING COMPLETE
2023 Resource Expansion Drill Program
Evaporation Ponds
Alba Sabrina Production Well Drill Pad
LITHIUM SOUTH VALUE PROPOSITION / 1.58 MT LCE High Quality Brine
- 175% resource expansion
- 1.58 MT tonnes Lithium Carbonate Equivalent (LCE)
- 90% of Resource in Measured Category
- Average Grade 736 mg/L Li
- Low Magnesium to Lithium Ratio of 3.27
- HMN Li Project owned 100% on Hombre Muerto Salar
- Located in mining-friendly, Salta and Catamarca Provinces
US $4 Billion lithium development next door
Recent Lithium Acquisitions – Hot M&A Market
Millennial sold to Lithium Americas for
US $400 million
Neo Lithium sold to Zinjin Mining for
CAD $960 million
Rincon Mining sold to Rio Tinto for
US $825 million
Lithea Inc. sold to Gang Feng for
US $962 million
Galaxy sold to Posco for US $280 million
Arena Minerals sold to Lithium Americas for US $227 million
CEO Statement
With confirmation of our new 1.58 million tonne lithium resource, Lithium South is now moving from a lithium explorer to a lithium developer. We are installing production wells and completing construction of a pilot plant. The information from our efforts will allow the completion of a Feasibility Study early in 2024, adding value to the HMN Li Project and the Company.
Adrian Hobkirk, President & CEO of Lithium South