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Lithium South Development Corp (LISMF)

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Last Post: 7/28/2021 6:36:53 PM - Followers: 13 - Board type: Free - Posts Today: 0

LITHIUM SOUTH

ABOUT THE COMPANY

Lithium South project mapLithium 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 Lithium South adds second drill at the Hombre Muerto North Lithium ProjectIndicated 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.

Lithium South - HMN Li Project bulk brine sample

COMPANY HIGHLIGHTS

  • 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

NI 43-101 Lithium Pump Testing Results

NI 43-101 Lithium Pump Testing Results

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.

 

Alison Dai

DIRECTOR

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.

 

Allen V. Ambrose

DIRECTOR

Mr. Ambrose has nearly three decades of experience in the mining industry, including work with large companies as well as junior exploration companies. He was a director of Minera Andes from November 1995 until its combination with McEwen Mining in January 2012. Mr. Ambrose also served as President and Chief Executive Officer of Minera Andes from 1995 until June 2008. Mr. Ambrose has extensive experience in all phases of exploration, project evaluation and project management, and has worked as a geologic consultant in the US, Venezuela, and Argentina. As a consultant, he was a co-discoverer of a Venezuelan auriferous massive sulfide deposit acquired by Gold Reserve Corporation and known generally as the Brisas deposit. He holds a BS in Geology from Eastern Washington University.

 

Gordon K. Neal

DIRECTOR

Gordon Neal has more than 35 years experience in governance, corporate finance and investor relations. He founded Neal McInerney Investor Relations in 1991. Through marketing more than $4 billion in debt and equity financings, the company grew to be the second largest full service Investor Relations firm in Canada with offices in Vancouver, Toronto and Los Angeles. Clients included; BCE, Nortel, Bell Canada International, Bell Mobility, Clearnet, Intrawest, Canaccord Capital, BMO Nesbitt Burns, and Blackberry (RIM). Mr. Neal was VP Corporate Development at MAG Silver Corp. where he provided capital market strategies and solutions to the board. He is currently VP Corporate Development for Silvercorp Metals Inc.. Mr. Neal has served on the board of Falco Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital, and Xiana Mining. Mr. Neal has raised more than $500 million for resources companies since 2004. Mr. Neal graduated from Dalhousie University with a B.Sc. in Biochemistry. 1977. He has also served as a member of the Dalhousie University Senate and Board of Governors.

 

Jan Urata

CORPORATE SECRETARY

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.

CAPITAL STRUCTURE

Outstanding Shares
  44 376 032
52 Week Range
Low 25 - High 1.18
Cash On Hand
Approx $ CDN 5 000 000
 
 
Hombre Muerto North Project
Apr 25, 2021
 
 
 
 
Bulk Brine Sample - April 2021 - HMN Li Project
 
 
HMN Li Project aerial shows close proximity POSCO's Lithium Development
 
 
Bulk Brine Sample Completed - April 2021 - HMN Li Project
 
 
Advanced Onsite Laboratory
 
LISMF
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NRGMF News: DOUBLING OF LITHIUM RECOVERY FROM BRINE WITH CHEMPHYS PROCESS 03/17/2021 09:06:48 AM
PostSubject
#43  Sticky Note Eon Minerals Inc. to Evaluate HMN Brine using ImTC 05/23/21 05:23:32 PM
#59   Everytime I slap a mosquito a bat goes ImTC 07/28/21 06:36:53 PM
#58   Thanks futrcash, for commenting on that post. I ImTC 07/28/21 06:15:30 PM
#57   Dr. Vijay Mehta ImTC 07/28/21 06:08:49 PM
#56   I'm worried about the wildlife and about how nowwhat2 07/28/21 04:57:12 PM
#55   I like this appointment... futrcash 07/27/21 11:11:50 AM
#54   Lithium South Development appoints Dr. Vijay Mehta as ImTC 07/22/21 10:18:48 PM
#53   Environmental and Social Baseline Study ImTC 07/22/21 10:14:46 PM
#52   Lithium South Development appoints Yi Hua Dai to ImTC 07/06/21 08:32:16 PM
#51   Hombre Muerto North Project (HMN Li Project) ImTC 06/20/21 10:48:18 PM
#50   Lithium South - Staging for Direct Lithium Extraction (DLE) ImTC 06/20/21 10:45:53 PM
#49   May 27, 2021 / Vancouver, BC / Lithium ImTC 06/06/21 04:11:38 PM
#48   Alison Dai (The Queen of Lithium) is very ImTC 06/02/21 04:46:41 PM
#47   Seems apparent they're planning on finding futrcash 06/02/21 03:32:03 PM
#46   So THESE are the guys who're workin' with ImTC 05/29/21 06:04:46 PM
#45   The pilot testing is expected to be completed nowwhat2 05/27/21 01:45:47 AM
#44   Well where is the update? ImTC 05/25/21 10:20:07 PM
#43   Eon Minerals Inc. to Evaluate HMN Brine using ImTC 05/23/21 05:23:32 PM
#42   Glad I waited, might wait some more Risk vs Reward 05/13/21 02:05:13 PM
#41   I get some powder and I’m in Risk vs Reward 04/29/21 04:18:11 PM
#40   April 27, 2021 -- Vancouver, BC -- InvestorsHub ImTC 04/27/21 09:20:55 AM
#39   April 16, 2021 ImTC 04/27/21 09:20:21 AM
#38   Ion exchange system for lithium extraction ImTC 04/26/21 07:52:53 PM
#37   Lithium South is focused on developing the HMN ImTC 04/26/21 05:21:19 PM
#36   Cash On Hand ImTC 04/26/21 03:00:32 PM
#35   CAPITAL STRUCTURE ImTC 04/26/21 02:15:17 PM
#34   Lilac Solutions April 13, 2021 / Vancouver, ImTC 04/26/21 01:36:03 PM
#33   Hombre Muerto North Project ImTC 04/26/21 01:28:35 PM
#32   Advanced Onsite Laboratory ImTC 04/26/21 01:26:14 PM
#31   Bulk Brine Sample Completed - April 2021 - ImTC 04/26/21 01:23:57 PM
#30   HMN Li Project aerial shows close proximity POSCO's ImTC 04/26/21 01:22:01 PM
#29   They have a nice website which is a allenh 03/25/21 09:26:38 AM
#28   Effective March 19,2021 NRGMF will change to LISMF: Renee 03/18/21 09:00:18 AM
#27   Sounds interesting futr - Nice find ! Good luck nowwhat2 03/17/21 10:19:23 PM
#26   https://www.nrgmetalsinc.com/wp-content/uploads/lithium-south-presentation-Nov-2 futrcash 03/17/21 09:52:33 PM
#25   We will have to wait and see what's next. Frizbee 03/17/21 09:48:31 PM
#24   If what I'm thinking is true this could Frizbee 03/17/21 09:48:09 PM
#23   This might be a great time to get in. Frizbee 03/17/21 09:47:41 PM
#22   This might be a great time to get in. Frizbee 03/17/21 09:47:41 PM
#21   I think some great things are coming this way. Frizbee 03/17/21 09:47:17 PM
#20   March 17 2021 - 09:06AM futrcash 03/17/21 09:29:13 PM
#19   Effective Nov. 2,2020 NRG Metals Inc. will change Renee 10/30/20 09:26:21 AM
#18   News: $NRGMF NRG Metals Inc. Announces Private Placement whytestocks 05/14/19 09:40:38 AM
#17   NRGMF: effective March 26,2019 a one for 4 Renee 03/25/19 09:11:11 AM
#16   NRGMF mentioned here DJack 04/07/18 09:33:43 AM
#15   Were sinking!!!!!! tmac1979 12/07/17 02:11:55 PM
#14   Not a good day for this stock. There tmac1979 11/29/17 05:03:38 PM
#13   Good info - http://www.arthousemultimedia.com/MMG_17/NRG0821_A.html tmac1979 11/29/17 08:23:10 AM
#12   3.5 million volume; what is causing this high volume? tmac1979 11/27/17 06:28:42 PM
#11   Nice day and hope this upward trajectory continues tmac1979 11/24/17 03:44:44 PM
#10   Finally, We are moving back up. pkdaddy64 11/24/17 01:05:59 PM
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