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
175% INCREASE IN LCE RESOURCE
Lithium South is developing its Hombre Muerto North Lithium Project. With a 1,583,100 tonne lithium resource (90% measured), LIS is poised to expand the resource with continued drilling. Production wells are now being installed at the Alba Sabrina and Natalia Maria claim blocks. Process test work and pilot plant construction are underway to allow a Feasiblity Study in early 2024.
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