Mining Project
Hombre Muerto Norte
General Information
- Investment Company: LITHIUM SOUTH DEVELOPMENT CORPORATION
- Operating Company: LITHIUM SOUTH DEVELOPMENT CORPORATION
- Source of Capital: Canadá
- Address: 1681 Chestnut Street, Suite 400 Vancouver, BC, Canada, V6J 4M6
Project Details
– Location
Salta province
– Description
– Minerals
Lithium
– Stage
Prefeasibility
– Capital Cost
$93,000,000.00
– Average Annual Production
5,000 tons of Lithium Carbonate Equivalent (2019 PEA)
– Remaining Life
30 Years
– Resources & Reserves
Measured Resources: 1,583,200 Tonnes of LCE (Lithium Carbonate Equivalent)
Additional Comments
- Spanning 3,287 salar located hectares, the HMN Li Project is comprised of five key claim blocks: Alba Sabrina (2089 hectares), Norma Edit (115 hectares), Viamonte/Natalia Maria (595 contiguous hectares), Gaston Enrique (55 hectares), and Tramo (383 hectares).
- In January 2024, the company announced that Alba Sabrina Production Well One (ASPW1) had been drilled to 340 meters depth and was nearing the target depth of 400 meters.
- The well had encountered sand and sand/broken rock from surface to the current depth.
- Porosity was anticipated to be good.
- Upon target depth, the well would then be cased, developed, and a pumping test would be completed. A technical review was underway to determine the optimal location for further pumping wells on the Alba Sabrina claim block.
- The Preliminary Economic Assessment (PEA) announced October 18, 2023, was nearing completion.
- Mining Consultants were completing the financial model. Full results were expected shortly. The PEA will have an Initial Design Capacity of 15,000 tonnes per year Lithium Carbonate Equivalent.