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://nnw.fm/gkI8J) 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://nnw.fm/jYj2R
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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