| Announcement Date: | 2021-11-25 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | Standard Lithium Ltd. |
| Project name: | South-West Arkansas |
| Location: | United States |
| Commodities: | Lithium |
| Highlight: | PEA results incl. post-tax NPV (8%) of US$1.97B & IRR of 32.1% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This Technical Report has been commissioned by, and completed for, Standard Lithium Ltd. (Standard Lithium), a public company with its corporate headquarters in Vancouver, British Columbia, Canada. Standard Lithium is focused on unlocking the lithium potential of existing large-scale United States-based brine operations that include the LANXESS and South West Arkansas Lithium projects in south-central and west-central Arkansas, respectively. At the South West Arkansas Lithium Project (SWA Project or Property), which is the focus of this Technical Report, Standard Lithium has outlined how it could unitise the underlying Smackover Formation brine aquifer in conjunction with the preparation of a Preliminary Economic Assessment (PEA). This Technical Report updates the 2019 maiden Inferred Resource estimate and applies a gross acreage with 100% brine ownership that is consistent with unitisation within the Arkansas Brine Statute. This PEA also outlines a proposed method of extraction of the brine from the resource, a proposed flowsheet to extract and purify the lithium to potentially produce a marketable product, as well as other necessary SWA Project information. 1.2 Property Location and Ownership The centre of the SWA Project is located approximately 24 km (15 miles) west of the City of Magnolia in Lafayette County, south western Arkansas, United States. The SWA Property encompasses Townships 16-17 South and Ranges 22-24 West of the 5th Meridian and lies wholly within Lafayette and Columbia counties. |
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