11:34 AM EDT, 05/29/2024 (MT Newswires) -- Lithium South Development ( LISMF ) on Wednesday provided an update on Well PW23-AS-02 on its Hombre Muerto North Lithium Project (HMN Li) in Argentina, the first pumping well on the Alba Sabrina claim block.

Well PW23-AS-02 is currently pumping at a rate of 25 liters per second. The hole geology is mainly sand therefore the hole is encountering sediment contamination, the company reports This has been resolving over the past five days and is expected to continue to clear. Upon achievement of clarification, the pumping rate will be increased. Full results are expected by the end of May.

At the same time, Lithium South is reviewing expressions of interest from several companies involved in the lithium industry. Discussions regarding potential financial support and/or project participation are ongoing. A recent three-day site visit was completed by a lithium project developer with which the company is discussing the potential of the project.

The company's shares were last seen up $0.01 to $0.30 on the TSX Venture Exchange.

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