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Lithium South Development Corp
Symbol LIS
Shares Issued 96,899,542
Close 2023-07-12 C$ 0.46
Market Cap C$ 44,573,789
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Lithium South hires Well Drilling for HMN pumping wells

2023-07-13 13:15 ET - News Release

Mr. Adrian Hobkirk reports

PRODUCTION WELL PROGRAM CONTRACTED

Lithium South Development Corp. has contracted Well Drilling of Salta, Argentina, for the provision of three pumping wells for the Hombre Muerto North lithium project (HMN Li project). The program is expected to be undertaken in the immediate future with rig availability in August.

After recent completion of the highly successful resource expansion program at the project, management is fast-tracking the development path. Two production wells, one 250 metres deep and one 400 metres deep, will be located on the Alba Sabrina claim block. One single pumping well 250 metres deep will be located on the Natalia Maria claim block. With two production wells previously installed at the Tramo claim block, the three project areas will host five production wells. The new wells will be utilized for long-term pumping tests to determine optimal pumping rates. This will determine the overall production potential for the three combined claims that make up the project area.

Company president and chief executive officer Adrian F.C. Hobkirk is quoted: "We are very happy to have arrived at the early development point of the project. Pumping well installation and testing will continue to enhance the value of the HMN Li project."

About Lithium South Development Corp.

Lithium South owns 100 per cent of the Hombre Muerto North lithium project located in Salta province, Argentina, the heart of the lithium triangle. The Hombre Muerto salar has a history of lithium production with Livent Corp. in operation for over 25 years just south of the HMN Li project. The HMN Li project is surrounded by a $4-billion (U.S.) lithium development under way by POSCO (Korea) and the Sal de Vida project under development by Allkem. Lithium South has delineated a National Instrument 43-101 571,000-tonne lithium carbonate equivalent (LCE) resource on the Tramo claim block, one of five non-contiguous blocks that make up the HMN Li project. Recent drilling on the Alba Sabrina and Natalia Maria claim blocks has identified additional lithium zones that will allow a new and potentially larger LCE resource to be defined. Lithium South is now transitioning from being a lithium explorer to becoming a lithium developer.

The technical and scientific information in this press release was reviewed and approved by William Feyerabend, CPG, a consulting geologist and a qualified person under National Instrument 43-101, who also participated in its production.

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