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.