Standard Lithium (NYSE American: SLI), through its joint venture SWA Lithium with Equinor ASA, has initiated drilling at its South West Arkansas Project. The new Lester-1 well, targeting a total depth of 9,600 feet, is designed to address data gaps in the proposed operational area. Core samples from the Smackover Formation will undergo detailed porosity and permeability analysis, while large-scale brine sampling and reservoir testing will guide front-end engineering design (“FEED”) and Definitive Feasibility Studies (“DFS”). Standard Lithium also continues re-entry and testing of wells drilled in 2023, reinforcing its leadership in lithium exploration and development.
To view the full press release, visit https://ibn.fm/HLyvq
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The company prioritizes projects characterized by the highest-quality resources, robust infrastructure, skilled labor and streamlined permitting. The company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated direct lithium extraction (“DLE”) and purification process. The company’s flagship projects are located in the Smackover Formation, a world-class lithium-brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas Project, a greenfield project located in southern Arkansas, and is actively exploring promising lithium-brine prospects in east Texas. Additionally, the company is advancing the phase 1A project in partnership with LANXESS Corp., a brownfield development project located in southern Arkansas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California. For more information about the company, please visit www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates relating to SLI are available in the company’s newsroom at https://ibn.fm/SLI
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