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Lithium South Development Corp

09:38 AM EST - Lithium South Development Corp : Announces PEA Estimate US$934 million dollar NPV with an IRR of 31.6% and a 2.5 year payback for HMN Lithium Project. Company President and CEO, Adrian F. C. Hobkirk 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." Lithium South Development Corp shares V.LIS are trading up one cent at $0.41.

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