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Lithium South Development Corporation (TSX-V: LIS) accomplished the Phase I Environmental Baseline Study for the Hombre Muerto North Lithium Project in Salta Province, Argentina. Conducted by Knight Piesold Consulting, this 18-month evaluation is pivotal for advancing the project.
Phase I Outcomes and Future Phases
The report gathers vital data on hydrology, soil quality, and socio-cultural impacts. It forms an environmental baseline to propel the project towards a lithium carbonate production rate of 15,600 tonnes annually. The completion supports an Environmental Impact Report to secure construction permissions.
Progress on Phases II and III
The company is progressing through Phases II and III, focusing on basic engineering and comprehensive environmental impact assessments. Plans to mitigate environmental impacts through water management and habitat restoration are underway. Stakeholder engagement with local communities remains a priority.
Social Responsibility Initiatives
Lithium South is contributing to the community of Pastos Grandes by donating 5 Tn of NaCl from project evaporation ponds.
Recent Developments
The Annual General Meeting on August 31, 2024, elected a new board comprising Adrian F. C. Hobkirk, Christopher P. Cherry, Alison Dai, Fernando Villarroel, and Gordon Neal. All proposals passed except for re-pricing certain stock options.
Market Awareness Efforts
To boost market presence, Lithium South engaged Emerging Growth, LLC for content development and social media awareness. This contract, at $10,000 monthly, lasts four months pending TSX Venture Exchange approval.
About Lithium South
Lithium South owns the HMN Li Project in Argentina’s lithium triangle. Delineated resources indicate 1,583,200 tonnes of Lithium Carbonate Equivalent, transitioning Lithium South from exploration to development.
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