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Lithium South Development

Lithium South Development in short

Lithium South Development Corp controls a lithium project in Argentina that boasts a highly favorable metallurgical profile, characterized by high-grade and low-impurity levels.

The company has established a strategic partnership with Chemphys, a major chemical company based in China. At present, Lithium South Development is collaborating with Eon Minerals to evaluate various technologies that can optimize the production process, including both conventional technologies and Direct Lithium Extraction (DLE) technologies.

Net Present Value


Estimated using *$20,000/t LCE pricing. After-tax, 8% discount-rate

Resource Estimate:

0.6 Mt LCE

Measured & Indicated




The lithium prices has reached unprecedented levels. As a result, major mining corporations are already showing an increased interest in M&A activity within the lithium sector. Over the past year, the Hombre Muerto Salar region in Argentina has been the focal point of lithium M&A transactions, with significant investments being made in existing operations.

If you’re looking to invest in a junior mining lithium project situated in Hombre Muerto, there are only two advanced publicly traded companies with a presence in the region….

Project: Hombre Muerto North Highlights

  • Test work is underway for Direct Lithium Extraction

    Test work is underway for Direct Lithium Extraction (DLE) – an alternative to the conventional evaporation process which potentially will shorten lithium extraction time and provide higher recovery of lithium.

  • Exceptional Li Samples

    Samples 300 – 400 meter average 918 mg/l Li with a low Mg to Li ratio.

  • Exceptional Pump Test Results

    Tests show 26 liters per second of lithium brine in 72-hours.

  • Succesful Expansion Drill Program

    The corporation is engaged in drilling activities in the Alba Sabrina claim block to expand its resource base. Results to date are very encouraging.

  • Highly Qualified Management

    Highly qualified, Argentina-based team of professionals experienced with lithium exploration, development, through to lithium production.

Project: Hombre Muerto North Summary

Net Present Value


$12000/t LCE pricing. After-tax, 8% Discount rate

Resource Estimate

0.6 Mt LCE

Measured & Indicated



Last released technical report

Brine profile



756 mg/l

Location: Salta, Argentina
Completed Stage: PEA
Next Stage: PFS / Pilot plant


Company Description

Lithium South Development is developing its Hombre Muerto North Lithium Project to supply future lithium demand. The Company objective is to move the project to production in the near future, utilizing either Direct Lithium Extraction Technology or Conventional Evaporation. The Company is evaluating both recovery processes in parallel.”

Key takeaways:

1. High Grade & Low impurity levels

Hombre Muerto North boasts high grade brine with very low combined sulphate and magnesium impurity levels.

2. Partnered with chemistry giant Chemphys

The company has established a strategic partnership with Chemphys, a prominent chemical company based in China. As part of the partnership, Chemphys has secured a 100% off-take agreement from the Hombre Muerto North project.

3. Evaluating technologies to optimize production processes, both conventional and DLE

The company is currently evaluating technologies that could optimize the use of resource together with EON Minerals that has a laboratory in Salta, Argentina. Both conventional processes and Direct Lithium Extraction (DLE) are being evaluated. 

4. Resource expansion drill program

Throughout 2022 and 2023, the corporation has been engaged in drilling activities at its Alba Sabrina property, which is the largest claim in its portfolio. The outcomes obtained so far have been remarkably successful, suggesting the presence of a significant brine aquifer with elevated grades and minimal impurities. It is anticipated that a resource update will be disclosed during the first half of 2023.

Project: Hombre Muerto North Resources & Reserves



Project: Hombre Muerto North Key Figures

Initial capital costs


After-tax IRR


$20,000/t LCE pricing, 8% Discount rate

Operating Cost





Project: Hombre Muerto North Sensitivity Analysis : Forecasted pricing

Pricing forecast NPV 8% (After-tax) US$ IRR
$20,000/t LCE*
$451 M*
$12420/t LCE
$217 M
$15525/t LCE
$313 M

*Interpolated value

Lithium South Development $LIS Current valuation

See how much of the lithium project’s Net Present Value is priced in with todays valuation. The data is delayed 15-minutes.