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
VANCOUVER, BC, March 4, 2024 /PRNewswire/ -- Lithium South Development Corporation (the "Company" or "Lithium South") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to announce positive results from an independent Preliminary Economic Assessment ("PEA") for its Hombre Muerto North Lithium Project ("HMN Lithium Project") near Salta, Argentina. The PEA was prepared by Knight Piésold Consulting ("KP") and JDS Energy and Mining ("JDS"), both of Vancouver, in accordance with the standards set out in National Instrument 43-101 Standards of disclosure for Mineral Projects ("NI 43-101"), and CIM's Best Practice Guidelines for Mineral Processing ("BPGMP").
- Company President and CEO, Adrian F. C. Hobkirk is quoted, "We are very pleased that 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."
- The report has an updated lithium recovery process for the HMN Lithium Project brine, which uses industry proven evaporation.