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Lithium South Boosts Production Targets with Updated PEA and Key Team Addition

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Lithium South Development Corporation (LISMF) has announced the selection of Knight Piésold Consulting (KP) and JDS Energy & Mining (JDS) to prepare an updated Preliminary Economic Assessment (PEA) on its Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina.

The updated PEA will consider the new HMN Li Project upgraded resource of 1.58 million tonnes Lithium Carbonate Equivalent (LCE) and current market conditions. The report will use an Initial Design Capacity (IDC) of 15,000 tonnes per year LCE production, which could be expanded as more project resources are identified.

Lithium Recovery Process

The Company has chosen conventional evaporation, a low risk and industry proven method, for lithium recovery. To enhance this process, the Company has hired Mr. Peter Ehren, MSc. of Raw Materials Technology as the primary engineer for Process Optimization. Mr. Ehren brings extensive experience with lithium projects, particularly in Argentina and Chile. Under Mr. Ehren’s guidance, the Company aims to improve lithium recovery from the current 50% to approximately 70%.

Engineering Design and Economic Analysis

KP will handle the engineering design, cost estimation, infrastructure, and logistics for the PEA. JDS will manage the study and provide economic analysis for the project. Both firms bring a wealth of experience and a proven track record in their respective fields.

About Lithium South

Lithium South (LIS) owns the HMN Li Project located in the heart of the lithium triangle in Argentina. The project is surrounded by a US$4 billion lithium development under construction by POSCO (Korea) and the Sal de Vida Project under development by Livent/Allkem. A pumping/production well drilling campaign is underway as LIS transitions from a lithium explorer to a lithium developer.

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