ABOUT THE COMPANY
Lithium South is focused on the development of its flagship lithium brine project, Hombre Muerto North Lithium Project (HMN Li Project) in the Salta province of Argentina.
The property package of 3,287 hectares is comprised of six mining concessions. Two production wells have been completed and cased on the Tramo Concession. The project is strategically located with developed infrastructure.
The HMN Li Project surrounded by two leading lithium brine producers, Korean giant POSCO and Galaxy Resources at the northern end of the renowned Hombre Muerto Salar.
HMN Li Project has an outlined Measured and Indicated Mineral Resources of .57M tonnes Lithium Carbonate Equivalent (LCE) and a projected mine life of 30 years. A recent Preliminary Economic Assessment returns a Net Present Value of US$ 217 million, CAPEX of US$ 93 million and an Internal Rate of Return of 30%. A Feasibility Study on the project is in progress which will include upgrading the current resource to a reserve status.
The Company is moving forward with the evaluation and development of alternative Lithium extraction technology.
The Company currently has approximately 28 million shares issued and outstanding, and trades on the TSX Venture Exchange under the symbol LIS, on the OTCQB Market under the symbol, LISMF, and on the Frankfurt Stock Exchange under the symbol, OGPQ.
- World Class Management Team
- Experience and excellent infrastructure – from first drill hole to PEA in only 11 months
- PEA indicates potentially robust economics for a 5,000 tonne/year LCE operation with a CAPEX of $93.3M, OPEX of $3,112/t LCE, NPV(8) of $217M and IRR of 28.0%
- Two production wells completed and cased
- Sizeable property package (3,287 hectares) next to leading Lithium-brine producers
- Partnered with high-purity Lithium battery producer in China – Chemphys – www.chemphys.com
BOARD OF DIRECTORS & MANAGEMENT
Adrian F.C. Hobkirk
PRESIDENT & CHIEF EXECUTIVE OFFICER, DIRECTOR
Mr. Hobkirk has 26 years of experience in the mining and venture capital industry, beginning with Norgold Resources in 1990, which was ultimately purchased by BEMA Gold. Mr. Hobkirk has been involved in Guyana for over twenty years and founded the company to develop the Groete Gold Copper Deposit in 2006. He has worked in many countries including Canada, Mongolia, Venezuela, Guyana, Chile, Colombia, the United States and Mexico. He has been involved in mineral exploration and technology ventures, and has extensive public company experience. He holds a BA in Economics from Simon Fraser University and is the largest single individual shareholder of the Company.
Christopher P. Cherry
Director & Chief financial Officer
Mr. Cherry has over 20 years of corporate accounting and audit experience. Mr. Cherry has extensive corporate experience and has held senior-level positions for several public mining companies, including director, CFO and secretary. Mr. Cherry has been a chartered accountant since February, 2009, and a certified general accountant since 2004. In his former experience as an auditor, he held positions with KPMG and Davidson and Co. LLP in Vancouver, where he gained experience as an auditor for junior public companies and as an initial public offering specialist. Mr. Cherry served as CFO of the Company in 2012 and 2013, and has extensive knowledge of business in Guyana.
Ms. Dai has 7 years of experience in the lithium industry and is responsible for business development and is a director for Chengdu Chemphys Chemical Industry Co., Ltd. In her role at Chemphys, Ms. Dai has been involved in developing strategic partnerships, international markets and procurement. Prior to joining Chemphys, Ms. Dai was an investment banking analyst at J.P. Morgan Australia in the mining and metals team. Ms. Dai holds a double degree in Bachelor of Laws and Bachelor of Commerce from the University of Western Australia.
Yi Hua Dai
Yi Hua (PhD) founded Chemphys in 1998 to focus on battery quality and high purity lithium processing. He is a certified Technical and Economic Expert of Sichuan Province and China Non-ferrous Metals Industry Association Expert. Yi Hua has a proven record of leading the development of lithium manufacturing techniques with 24 patents valid and under application.
Ms. Urata brings over 20 years experience in public company corporate finance and securities related matters including her years as a paralegal at McMillan. She also serves as Corporate Secretary of other TSX Venture issuers.
LITHIUM SOUTH TEAM IN ARGENTINA & CHINA
Fernando E. Villarroel
VICE PRESIDENT & DIRECTOR PROJECT DEVELOPMENT
Mr. Villarroel has 12 years of experience in the mining industry in Argentina with a focus on Lithium process development. From 2009 to 2013 he worked with Lithium Americas Corp. (Minera Exar S.A.) as Project Manager which included construction management and commissioning of the initial pilot evaporation facilities and laboratory at the Cauchari Olaroz Lithium Project. He has also acted as a consultant to Neo Lithium and International Lithium Inc. He holds a degree in Industrial Engineering and has specialized training in Data Modeling & Analysis for Business and Engineering from M.I.T..
Technical Consultant and Qualified Person
A recognized expert in lithium mining and processing, Dr. Mehta (PhD) brings almost five decades of experience to LIS. His experience includes evaluating the technological and economic feasibility of lithium brine projects around the world. He was the Product and Process Technology Development Leader of FMC Corporation (NYSE: FMC) for 30 years and was one of the founding developers of FMC’s lithium plant at the Hombre Muerto Salar, Argentina, which has been in production since 1998. He holds 12 lithium related U.S. patents and has published over 50 technology reports and ten academic papers.
Ms. Casini has a distinguished career in the lithium exploration and development industry in Argentina.
Upon graduating from Cordoba University in Argentina, she worked for Rio Tino as a field geologist exploring salars in the Puna region of Northwest Argentina. From 2009 to present, Ms Casini has worked for the Cauchari Olaroz lithium brine project, a joint venture with Lithium Americas Corp. and Ganfeng Lithium Co, where she is responsible for the well field of a projected 40,000 tonne per year lithium operation. In addition to that, since 2016 she has consulted to PepinNini Minerals regarding the exploration and development of lithium resources at the Rincon and Pular salars.
DIRECT LITHIUM EXTRACTION & PROCESSING TEAM
Chemphys have an 11-member technical team working full time on development of the Direct Lithium Extraction Technology. Founded in 1998, Chemphys is recognized as one of the world’s leading lithium processing and technology companies with over 22 patents (valid and under application) developed in-house.
Hains Technology Associates
Technical Guidance & Qualified Personal Review
Hains Technology Associates, located in Ontario, Canada will provide technical guidance and Qualified Person review of all test work conducted by SinoLi. In addition, Hains will work directly with Mr. Carlos Galli who will provide technical support locally in Argentina. Hains and Carlos Galli are recognized for their lithium expertise having conducted many studies for companies within the industry.
Mr. Vargas has been a practicing lawyer in Mendoza, Argentina with Vargas Galindez Abogados since 2004. He has many years of experience in the mining industry in Argentina. He holds a law degree from the Universidad de Mendoza, Argentina (2001), a Masters of Business Law from the University of Wales, Aberystwyth (2002), an MBA from University of Wales, Aberystwyth (2004), and a Programa de Direccio Gerencial , IAE Business School, Buenos Aires , Argentina (2007).