Lithium South Development Corporation (TSE:LIS) has released an update.
Lithium South Development Corporation has announced a promising Preliminary Economic Assessment (PEA) for its HMN Lithium Project in Argentina, projecting a substantial after-tax Net Present Value (NPV) of US$934 million and an impressive Internal Rate of Return (IRR) of 31.6%. The PEA envisions a 25-year mine life with a swift 2.5-year payback period, based on an annual production of 15,600 tonnes of lithium carbonate. The project will utilize conventional solar evaporation technology, positioning the company for rapid advancement to the next development phase.
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