Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTC: STLHF), a lithium-focused exploration company, today reported a maiden lithium resource statement for its 150,000-acre project in the south-central region of Arkansas. Among other highlights, the report includes 3,086,000 metric tonnes of lithium carbonate equivalent (“LCE”) at the inferred resource category. The lithium brine inferred resource is located within the Reynolds Member of the Smackover Formation, a Late Jurassic oolitic limestone aquifer that underlies the entire property. This brine resource is presently in commercial production in an effort to recover bromine from the brine. “The release of this first resource report is a significant milestone for the company and shows that the South Arkansas Project is one of the most interesting emerging lithium brine projects globally,” Standard Lithium CEO Robert Mintak stated in the news release. “The combination of robust data sampled from existing brine production wells, with a large land package of 150,000 acres and associated infrastructure, makes our South Arkansas Project a compelling opportunity. A second resource report on 30,000 acres of separate brine leases in Southwest Arkansas will follow this report before the end of the year.”
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About Standard Lithium Ltd.
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. Standard Lithium is listed on the TSX Venture under the trading symbol “SLL”; quoted on the OTCQX under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. For more information, visit the company’s website at www.StandardLithium.com
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