Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this
morning announced results of a Preliminary Economic Assessment (“PEA”) of its
150,000 acre project located in the south-central region of Arkansas. According
to the update, the PEA, prepared by Advisian, the consulting arm of
WorleyParsons Canada Services Ltd., considers battery-quality lithium carbonate
production through a phased build-out to a total 20,900 tonnes per annum
(“tpa”) from the Lanxess Corp. contemplated joint venture (http://ibn.fm/p9mwM) at its
three bromine processing plants. The PEA also includes existing mineral
resource reclassification to an Indicated category. “We are delighted that we
have been able, through close partnerships and access to large amounts of data,
to bring our Lanxess project to the stage of successful completion of the PEA
in such a short period of time,” Standard Lithium President and COO Dr. Andy
Robinson said in the news release. “We were able to provide to Worley a huge
amount of process testing and actual operational data from the current
brine-processing plants in southern Arkansas, and as a result, we feel that we
have produced a realistic view of the potential there, as well as a picture of
the robustness of the project. We are progressing the deployment of the
demonstration plant, and are scheduled to have it deployed to the project site
in southern Arkansas in Q3 of this year. Real-world process optimisation
from the demonstration plant, combined with the advanced nature of this PEA,
mean that we are well positioned to release a robust feasibility study in early
2020.”
To view the full press release, visit http://ibn.fm/RQs0W
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.
NOTE TO INVESTORS: The latest news and updates
relating to STLHF are available in the company’s newsroom at http://ibn.fm/STLHF
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