Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) today
announced that it has engaged Advisian, the consulting arm of WorleyParsons
Canada Services Ltd., to complete a Preliminary Economic Assessment (“PEA”) of
its flagship 150,000 acre project located in the south-central region of
Arkansas. Expected to be completed near the end of Q2 2019, the AACE Class 5
PEA, with a projected accuracy for CAPEX and OPEX of +/- 50 percent, will be
established using a baseline production of approximately 20,000 tonnes per
annum (“TPA”) of lithium carbonate. “Myself and the Standard Lithium team are
very familiar with the high level of quality and technical rigour that Advisian
will bring to this PEA,” Standard Lithium President and COO Dr. Andy Robinson
commented in the news release. “Their deep experience in the lithium brine
processing and crystallisation world, combined with a long track record of
working in the US Gulf Coast region is ideal for evaluating Standard Lithium’s
unique and advanced lithium brine project in southern Arkansas.”
To view the full press release, visit http://ibn.fm/JHMFe
About Standard Lithium Ltd.
Standard Lithium is a specialty chemical company focused on
unlocking the value of existing large-scale U.S.-based lithium-brine resources.
The company believes new lithium production can be brought on stream rapidly by
minimizing project risks at selection stage (resource, political, geographic,
regulatory and permitting), and by leveraging advances in lithium extraction
technologies and processes. The company’s flagship project is located in
southern Arkansas, where it is engaged in the testing and proving of the
commercial viability of lithium extraction from over 150,000 acres of permitted
brine operations utilizing the company’s proprietary selective extraction
technology. The company is also pursuing the resource development of over
30,000 acres of separate brine leases located in southwestern Arkansas and
approximately 45,000 acres of mineral leases located in the Mojave Desert in
San Bernardino County, California. For more information, visit the company’s
website at www.StandardLithium.com.
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