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.”
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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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