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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
Lithium South Announces PEA Estimate US$934 Million Dollar NPV with an IRR of 31.6% and a 2.5 yea...
About this update from Lithium South Development Corporation
[{"type":"text","content":"\n \n \n \n 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\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n PEA HIGHLIGHTS\n \n \n \n \n \n After tax NPV of\n \n US$934 million\n \n with an IRR of 31.6%\n \n \n \n \n PEA based on a mine life of 25 years with a 2.5 year payback\n \n \n \n \n PEA based on a production rate of 15,600 tonnes of lithium carbonate technical grade per year\n \n \n \n \n Processing based on simple and proven solar evaporation technology\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 4, 2024\n \n \n /CNW/ --\n \n Lithium South Development Corporation\n \n (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,\n \n Argentina\n \n . The PEA was prepared by Knight Piésold Consulting (\"KP\") and JDS Energy and Mining (\"JDS\"), both of\n \n Vancouver\n \n , 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\").\n \n \n Company President and CEO,\n \n Adrian F. C. Hobkirk\n \n 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.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Resource Estimate\n \n \n \n The resource estimate for this PEA was prepared in accordance with NI 43-101 and CIM Standards, and uses best practice methods specific to brine resources, includi...