Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L) today announced positive results of a preliminary feasibility study (“PFS”) for the company’s 100%-owned South West Arkansas (“SWA”) Project. Among the highlights, the company reported base production of 30,000 tonnes per annum (“tpa”) battery-quality lithium hydroxide monohydrate (“LHM”); upside case of 35,000 tpa. “The robust economics from the South West Arkansas Project PFS showcase its incredible potential,” said Dr. Andy Robinson, president and COO of Standard Lithium. “Our exploration program in the first half of this year yielded significantly improved lithium concentrations and grew the total resource to 1.8 million tonnes of lithium carbonate equivalent. The upgraded resource underpins an operating life of at least 20 years at competitive costs.”
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company with a portfolio of projects in progress. The company’s flagship Lanxess and South West Arkansas projects are located in southern Arkansas near the Louisiana state line. The company is focused on the evaluation and testing of commercial lithium extraction and purification from brine sourced from approximately 180,000 acres of leases across these two projects. The company operates a first-of-a-kind industrial-scale DLE Demonstration Plant at the Lanxess South Plant. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. A feasibility study and front-end engineering study for its first commercial scale lithium extraction plant located at the Lanxess South Plant (Phase 1A of the Lanxess Project) commenced in September 2022. Standard Lithium is targeting completion of a feasibility study for the South West Arkansas Project by the end of 2024. Concurrently, the company is pursuing resource development of other projects in the Smackover Formation in East Texas, as well as approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol SLI and on the Frankfurt Stock Exchange under the symbol S5L. For more information, please visit the company’s website at www.StandardLithium.com.
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