Standard Lithium Files Preliminary Economic Assessment Report for the South-West Arkansas Lithium Project
November 26 2021 - 7:00AM
Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV: SLI) (NYSE: SLI) (FRA: S5L), today announced it
has now filed a Preliminary Economic Assessment Report (Technical
Report) for the Company’s South-West Arkansas Lithium Project,
further to its news release dated October 12, 2021. The report is
available on www.sedar.com and
https://www.standardlithium.com/projects/arkansas-smackover.
The Technical Report, entitled “Preliminary
Economic Assessment of SW Arkansas Lithium Project” was prepared by
independent consulting companies: NORAM, HGA (Hunt, Guillot &
Associates), APEX Geoscience Ltd., ECCI, Matrix Solutions Inc., and
METNETH2O Inc.
Key Points:
- Pre-tax US$2.83 Billion NPV at 8%
discount rate and IRR of 40.5%;
- After-tax US$1.97 Billion NPV at 8%
discount rate and IRR of 32.1%;
- 20-year mine-life producing an
average of 30,000 tonnes per year of battery-quality lithium
hydroxide monohydrate (LHM);
- Operating costs of US$2,599 per
tonne of battery quality lithium hydroxide;
- AACE Class 5 Total CAPEX estimate
of US$870 Million including conservative 25% contingency of direct
capital costs; and,
- SW Arkansas Lithium Project PEA
lithium brine resource is updated to consider the potential
unitized area of production, leading to an increased total (global)
in-situ resource of 1,195,000 tonnes Lithium Carbonate Equivalent
(LCE) at the Inferred Category.
The final content of this news release has been
reviewed by Clive Brereton, a fellow of the Canadian Academy of
Engineering and vice-president of NORAM Engineering and
Constructors, and reviewed and approved by Eric Mielke, of NORAM.
Mr. Mielke is a qualified person as the term is defined in National
Instrument 43-101 and is independent of the company.
About Standard Lithium Ltd.
Standard Lithium is an innovative technology and
lithium development company. 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. The Company has
commissioned its first-of-a-kind industrial-scale direct lithium
extraction demonstration plant at Lanxess's south plant facility in
southern Arkansas. The demonstration plant utilizes the Company's
proprietary LiSTR technology to selectively extract lithium from
Lanxess's tail brine. The demonstration plant is being used for
proof-of-concept and commercial feasibility studies. The scalable,
environmentally friendly process eliminates the use of evaporation
ponds, reduces processing time from months to hours and greatly
increases the effective recovery of lithium. The Company is also
pursuing the resource development of over 30,000 acres of separate
brine leases located in south west Arkansas and approximately
45,000 acres of mineral leases located in the Mojave Desert in San
Bernardino county, California.
Standard Lithium is jointly listed on the TSX
Venture and the NYSE American Exchanges under the trading symbol
“SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”.
Please visit the Company’s website
at www.standardlithium.com.
On behalf of the Board of Standard Lithium Ltd.Robert Mintak,
CEO & Director
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to future prices of commodities, accuracy of mineral or
resource exploration activity, reserves or resources, accuracy of
the PEA, including NPV, IRR, capital and operating costs, life of
mine production, progression of the project, including to a
pre-feasibility study, regulatory or government requirements or
approvals, the reliability of third party information, continued
access to mineral properties or infrastructure, fluctuations in the
market for lithium and its derivatives, changes in exploration
costs and government regulation in Canada and the United States,
and other factors or information. Such statements represent the
Company’s current views with respect to future events and are
necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject
to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements
to be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements. The Company does not intend, and does
not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or
changes in circumstances or any other events affecting such
statements and information other than as required by applicable
laws, rules and regulations.
For further information, contact Anthony Alvaro at (604) 240 4793
Contact: info@standardlithium.com
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/
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